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Stellantis N.V. (STLA) Stock News, Oct 16-23, 2024

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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.

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Stellantis and Factorial are advancing their partnership by integrating Factorial's solid-state batteries into a demonstration fleet of new Dodge Charger Daytona vehicles by 2026. The initiative builds on Stellantis' $75 million investment in Factorial from 2021. The batteries, featuring Factorial's FEST® technology with over 390Wh/kg energy density, will be implemented in vehicles based on the STLA Large platform, which supports up to two million vehicles globally. This platform serves brands including Jeep, Dodge, Chrysler, Alfa Romeo, and Maserati. The collaboration aims to validate the technology's performance in real-world conditions.

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Stellantis and Factorial are advancing their partnership to develop solid-state battery technology for electric vehicles. The companies will launch a demonstration fleet of Dodge Charger Daytona vehicles by 2026, equipped with Factorial's FEST® solid-state batteries featuring over 390 Wh/kg energy density. This initiative follows Stellantis' $75 million investment in Factorial in 2021. The technology will be implemented in the STLA Large platform, designed to support up to two million vehicles globally across brands including Jeep, Dodge, Chrysler, Alfa Romeo, and Maserati.

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Stellantis has invested $29.5 million in Moving Ground Plane (MGP) technology at its Auburn Hills facility to enhance EV aerodynamics. The upgraded wind tunnel will measure and reduce airflow resistance from wheels and tires, which account for up to 10% of total aerodynamic drag. This technology aims to improve EV driving range and potentially reduce battery sizes, leading to cost and weight savings. The facility can test larger vehicles and simulate speeds up to 140 mph. The investment is part of an $85 million commitment from the 2019 UAW contract and supports Stellantis' goal to achieve 50% US EV sales and 100% European EV sales by 2030.

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The Jeep® brand celebrates victory at the 2024 Rebelle Rally, with veteran competitors Nena Barlow and Teralin Petereit winning for the third time in four years. Team #129 secured both the overall and Bone Stock category wins in a 2024 Jeep Gladiator Mojave, the only Jeep vehicle to carry the Desert Rated badge.

The Rebelle Rally is a 1,500-mile women's off-road navigation competition across Nevada and California deserts, without GPS or cell phones. The Gladiator Mojave, designed for high-speed desert terrain, features reinforced frame and axles, strengthened steering knuckles, and enhanced suspension.

Jeep 4x4 vehicles have now earned seven of nine overall wins since the inaugural Rebelle Rally. The brand's success highlights its commitment to off-road capability and the growing electrification initiative, with plans for all North American Jeep vehicles to offer an electrified variant by 2025.

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The Fiat 500e has been named the 2025 Urban Green Car of the Year by Green Car Journal for the second consecutive year. This all-electric vehicle is Stellantis' first full BEV in North America, featuring a 42-kWh lithium-ion battery with an estimated combined range of 149 miles and 162 miles in the city cycle. At under 3,000 pounds, it's the lightest passenger BEV in its segment while being the most spacious 500 ever.

The Fiat 500e boasts wireless CarPlay, Android Auto, and Alexa built-in as standard features. Pricing for the 2024 model starts at $32,500, with lessees eligible for a $7,500 federal EV tax credit. Customers can choose between a Level 2 charger or $600 in Free2move Charge public charging credits with each purchase or lease. The Fiat 500e is currently Europe's best-selling EV city car, accounting for 40% of sales in its segment.

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The Jeep® Grand Cherokee lineup for 2025 is now available at dealerships nationwide, starting at a more affordable $37,035 U.S. MSRP. This pricing reduction applies to all 3.6-litre Pentastar V-6-powered models, with all Laredo models now starting under $40,000. The lineup includes the two-row model, three-row Grand Cherokee L, and the plug-in hybrid 4xe version.

Key highlights:

  • Grand Cherokee 4xe is the second best-selling PHEV in the U.S.
  • 4xe offers 56 MPGe and 25 miles of all-electric range
  • Trailhawk 4xe is the ultimate off-road trim
  • All models are manufactured in Detroit, Michigan
  • Jeep Wave premium owner loyalty program included
  • Jeep aims to offer electrified variants for all North American models by 2025
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Barbara Pilarski, senior vice president and head of business development for the Americas at Stellantis, has been awarded the United Way for Southeastern Michigan's Spirit of Tocqueville Award. This prestigious honor recognizes her exceptional dedication to philanthropy and community service.

Pilarski, a United Way donor since 1985 and Tocqueville Society member since 2012, has been instrumental in raising over $800,000 for local families through initiatives like Run United and Team Jeep®. The funds support school supplies and early learning programs. As an active member of the United Way's Ambassador Club, she has successfully led numerous subcommittees, engaging auto dealers and suppliers through various fundraising events and volunteerism.

The Spirit of Tocqueville Award celebrates a United Way Tocqueville Society leader who has devoted time, talent, and funds to create long-lasting change by tackling a community's most serious issues. Pilarski's commitment to uplifting communities and encouraging Stellantis employees to do the same has made a significant impact in the region.

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Dodge celebrates 20 years of HEMI®-powered Durango with the announcement of the 2025 Dodge Durango SRT Hellcat Brass Monkey. This 710-horsepower special edition is the fourth overall Durango special-edition vehicle for the 2025 model year. Key features include:

  • Dark bronze 20-by-10-inch Brass Monkey wheels
  • Red Oxide exterior color with Satin Black painted hood
  • Sepia Laguna leather SRT seats
  • 0 to 60 mph in 3.5 seconds, quarter-mile in 11.5 seconds
  • Top speed of 180 mph

The Durango SRT Hellcat Brass Monkey is available at a starting U.S. MSRP of $113,720. All 2025 Dodge Durango special-edition models are now available for ordering at dealerships. Customers can use the Dodge Horsepower Locator tool at DodgeGarage.com to find nearby dealers with these models in stock.

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Mopar, the global brand for Stellantis genuine parts and authentic accessories, is set to unveil a new chapter in muscle car performance at SEMA 2024. The company, known for its contributions to the original and modern muscle car eras, is teasing an answer to the question of how high future muscle car performance can go. Mopar's history spans over 85 years, evolving from a line of antifreeze products in 1937 to a comprehensive brand offering vehicle care, performance parts, and customer support.

Mopar made significant contributions during the 1960s muscle car era with performance parts for speed and handling. Today, it integrates service, parts, and customer care operations to enhance support worldwide. For more information, visit www.mopar.com or the Mopar blog at blog.mopar.com. Stellantis (NYSE: STLA) details can be found at www.stellantis.com.

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Stellantis (NYSE: STLA) reported an estimated 20% decline in Q3 2024 consolidated shipments to 1,148,000 units compared to the same period in 2023. The decline was more severe than the 15% sales drop due to product portfolio transitions and dealer inventory reduction initiatives. In North America, shipments fell by approximately 170,000 units, with over 100,000 units attributed to planned production cuts. Despite this, U.S. market share increased month-over-month in Q3.

In Enlarged Europe, shipments were about 100,000 units lower than the previous year, primarily due to delayed launches of Smart Car platform products. The outlook for new European product launches remains strong, with 50,000 orders for the new Citroën C3 and 80,000 for the new Peugeot 3008. Shipments in Stellantis' 'Third Engine' regions remained unchanged overall, with increases in South America offsetting declines in other areas.

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FAQ

What is the current stock price of Stellantis (STLA)?

Stellantis (STLA) last closed at $4.42.

What is the market cap of Stellantis (STLA)?

The market cap of Stellantis (STLA) is approximately $12.8B.