Welcome to our dedicated page for Stellantis N.V news (Ticker: STLA), a resource for investors and traders seeking the latest updates and insights on Stellantis N.V stock.
Stellantis N.V. reports developments across a global automotive business built around brands such as Jeep, Chrysler, Dodge, Ram, FIAT, Peugeot, Citroën, Opel, Alfa Romeo and Maserati. Recurring news covers operating and financial results, regional vehicle demand, industrial execution, liquidity, and capital actions alongside updates from its brand portfolio.
Company announcements also track vehicle launches and refreshes, including Chrysler Pacifica minivans and Jeep Wrangler, Gladiator and Rubicon models; Mopar service, parts and customer-care products; design and performance programs; shareholder voting matters; and brand partnerships tied to customer engagement and mobility services.
Jeep®, Chrysler, and Fiat brand vehicles have been recognized as Top Picks in the 2024 Newsweek Autos Awards. The 2024 Jeep Wrangler received two designations: Top Pick for Enthusiasts and Top Pick for Outdoor Adventurers. The 2024 Chrysler Pacifica, the most awarded minivan over the last seven years, was named a Top Pick for Empty Nesters. The 2024 Fiat 500e was chosen as a Top Pick for Urbanites.
The Jeep Wrangler offers legendary off-road capability, open-air freedom, and advanced powertrains. The Chrysler Pacifica provides versatility, safety features, and excellent fuel economy. The Fiat 500e, an all-electric vehicle, delivers nearly 150 miles of range and fast-charging capability. These awards highlight Stellantis' (NYSE: STLA) commitment to providing innovative and diverse vehicle options for different consumer groups.
Dodge//SRT has expanded its popular Dodge Power Dollars national sales promotion, now including Durango SRT 392 and SRT Hellcat models, as well as the 2024 Dodge Hornet for the first time. The program offers customers a $10 per horsepower cash allowance towards the purchase of select 2023 and 2024 Dodge models. This expansion comes as Dodge brand total sales in the U.S. increased 16% from Q1 to Q2 2024.
The promotion applies to 2023 Charger and Challenger models (SXT, GT, R/T), all 2024 Durango trims, and the 2024 Hornet. Cash allowances range from $2,680 for the Hornet GT to $7,100 for the Durango SRT Hellcat. Dodge aims to make performance more attainable and build on its sales momentum with this industry-exclusive program.
Stellantis N.V. (NYSE: STLA) has announced the launch of the third tranche of its 2024 Share Buyback Program, covering up to €1 billion of the total €3 billion program. This tranche will run from August 1, 2024, to November 29, 2024. The company plans to cancel most of the acquired shares, except for up to €0.5 billion worth, which will be used for employee stock purchase plans and equity-based compensation. This move aims to strengthen the ownership culture within Stellantis without diluting existing shareholders. The buyback will be executed under shareholder authorization, with a maximum of 10% of the company's capital and a purchase price cap of 110% of the market price.
Dodge is hosting the 9th annual MotorTrend Presents Roadkill Nights Powered by Dodge event on August 10 at M1 Concourse in Pontiac, Michigan. The event features legally sanctioned drag racing on Woodward Avenue. A media preview on August 9 will offer interview opportunities with Dodge executives and Direct Connection Grudge Race competitors. The preview will include news about the all-new Dodge Charger Daytona and reveals of Direct Connection Grudge Race vehicles.
The main event on August 10 will showcase street-legal drag racing, Dodge vehicle displays, classic and modern muscle car cruises, Dodge Thrill Rides, and appearances by Roadkill personalities. The event will also feature the Direct Connection Grudge Race, where builders compete using Direct Connection HurriCrate engines.
Leapmotor International, a 51/49 Stellantis-led joint venture, has shipped its first batch of electric vehicles from China to Europe. The shipment includes C10 SUVs and T03 cars, marking a significant milestone in the partnership. Sales will begin in nine European countries in September 2024, with plans to establish 200 sales points by the end of 2024, expanding to 500 by 2026.
Leapmotor, the fourth largest Chinese NEV startup, has sold over 400,000 EVs in China as of July 2024. The joint venture aims to leverage Stellantis' distribution channels and Leapmotor's innovative technology to provide affordable and sustainable mobility solutions to European customers. The partnership plans to launch at least one new model annually for the next three years and expand to other global markets by late 2024.
Stellantis Pro One has achieved market leadership in commercial vehicles across three regions: Europe 30, South America, and Middle East & Africa in the first half of 2024. The company's success is attributed to its robust product offensive, including the launch of the ProMaster EV Delivery van in North America and the New Fiat Titano pickup in South America. Stellantis Pro One has renewed its van lineup with 12 nameplates across all segments, featuring second-generation electrification and full connectivity. Key highlights include:
- Over 28.5% market share in EU 30 with a 4% year-over-year volume increase
- 31.9% BEV market share leadership in Europe
- 22.2% market share in Middle East & Africa
- 31.1% market share in LCV sales in South America
- Introduction of the new MultiJet 4.0 engine and AT8 8-speed transmission for large vans
Stellantis (NYSE: STLA) has shown strong performance in the J.D. Power 2024 U.S. Automotive Performance, Execution and Layout (APEAL) Study. Key highlights include:
- Jeep® Wagoneer ranked first in the large SUV segment
- Alfa Romeo Giulia topped the compact premium car segment
- Alfa Romeo Tonale placed third among compact premium SUVs
- Ram ranked second among mass-market brands for the fifth consecutive year
- Ram 1500 finished second in large light-duty pickups
- Ram 2500/3500 tied for second in heavy-duty pickups
The study measures customer feedback on current-model attributes, from exterior styling to fuel efficiency. Bill Kendell, senior VP of North America customer experience at Stellantis, emphasized the company's commitment to designing and building engaging vehicles.
Stellantis N.V. and One Equity Partners (OEP) have announced a binding agreement for OEP to make a majority investment in Comau, a global industrial automation and robotics company. This spinoff is part of the strategic plan set during the Stellantis merger in January 2021. Stellantis will remain an active minority shareholder.
Key points:
- Comau will gain access to additional funds to enhance its Italian roots and expand in diversified sectors
- The executive team, including Executive Chairman and CEO, will remain intact
- The transaction is expected to close by the end of 2024, subject to regulatory approvals
- Financial terms were not disclosed
This move aims to help Comau achieve autonomy and strengthen its success while allowing Stellantis to focus on core business activities in Europe.
Stellantis reported mixed financial results for the first half of 2024, with net revenues of €85.0 billion, down 14% compared to H1 2023. The company's net profit decreased by 48% to €5.6 billion, primarily due to lower volume and mix, foreign exchange headwinds, and restructuring costs. Adjusted operating income (AOI) fell to €8.5 billion, with an AOI margin of 10%.
Despite challenges, Stellantis is taking decisive actions to address operational issues, particularly in North America. The company plans over 20 product launches in 2024, including the refreshed Ram 1500 and new Peugeot 3008. Stellantis has also received approvals to launch the Leapmotor International JV, expanding its presence in key markets.
The company returned €6.7 billion to shareholders in H1 2024 and remains committed to returning at least €7.7 billion by year-end. Industrial free cash flows were near zero (-€0.4 billion) but are expected to improve in the second half of the year.
MotorTrend Presents Roadkill Nights Powered by Dodge is set to return to M1 Concourse in Pontiac, Michigan, on Saturday, August 10, 2024. The event features legally sanctioned drag racing on Woodward Avenue, including the Direct Connection Grudge Race. Tickets start at $25 with various packages available.
Highlights include:
- NHRA champions Matt Hagan and Ida Zetterström driving 11,000+ horsepower racecars
- Grudge Race competitors using Direct Connection HurriCrate engines
- Street-legal drag racing in Big Tire and Small Tire classes
- Muscle car cruise-in, Dodge Thrill Rides, and more
The event showcases Dodge's performance heritage and new electric muscle cars, including the 2024 Dodge Charger Daytona R/T and Scat Pack models.