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.
Stellantis (NYSE: STLA) hosted its 25th annual supplier diversity MatchMaker event, showcasing its commitment to building a diverse supply base. The event connected over 325 diverse business owners with more than 225 Tier 1 supplier decision-makers and Stellantis representatives. Since 1999, MatchMaker has generated over $4 billion in new business opportunities for diverse-owned businesses.
Key highlights include:
- Stellantis has purchased more than $100 billion from diverse-owned suppliers since 1983
- In 2023, Stellantis spent $9.3 billion with diverse suppliers in North America
- The company's High Focus program has generated over $6.7 billion in diverse spend over the past 12 years
Stellantis' supplier diversity initiatives have received multiple awards, including recognition from the Canadian Aboriginal and Minority Supplier Council and the Great Lakes Women's Business Council.
Mopar, the global brand for Stellantis genuine parts and authentic accessories, is set to showcase a powerful full-size concept vehicle at SEMA 2024. The concept, described as a 'Workhorse and Warrior', is designed to tackle obstacles both on job sites and trails. This reveal marks the first chapter of Mopar's presence at the SEMA show.
Mopar, born in 1937 as a line of antifreeze products, has evolved over 85 years to represent complete vehicle care and authentic performance. The brand made its mark in the 1960s muscle-car era with performance parts and has since expanded to include technical service and customer support. Today, Mopar integrates service, parts, and customer-care operations to enhance support worldwide.
FCA US reports total sales of 305,294 vehicles in Q3 2024, a 20% decrease year over year. Despite the decline, the company's total market share increased from 7.2% in July to 8% in September. Key highlights include:
- Jeep Compass sales increased 71% year over year
- Ram brand's heavy-duty commercial fleet sales up 26%
- FIAT brand sales rose 118% with the launch of the all-electric 500e
- Jeep Wrangler 4xe and Grand Cherokee 4xe remain top-selling plug-in hybrids in the U.S.
- Inventory reduced by 50,000 units (-11.6%) during Q3
The company introduced aggressive incentives across its U.S. brand portfolio, which will continue through the end of the year, to drive sales and prepare for 2025 models.
Leapmotor International, a joint venture between Stellantis and Leapmotor, has opened orders for affordable electric vehicles in Europe. The launch includes two models: the T03 city car and the C10 SUV, available through designated Stellantis brand dealers. The T03, priced from €18,900, offers 265 km range (WLTP), while the C10 SUV, starting at €36,400, provides 420 km range (WLTP).
Initial markets include 13 European countries, with plans to expand to Middle East & Africa, Asia Pacific, and South America from Q4 2024. This partnership aims to leverage Chinese engineering and innovation to offer high-tech, cost-efficient NEVs globally. Stellantis CEO Carlos Tavares highlighted the unique customer-focused ownership experience, supported by Stellantis' parts distribution system.
Stellantis N.V. (NYSE: STLA) has revised its 2024 financial guidance due to North American performance issues and deteriorating global industry dynamics. The company is accelerating inventory normalization in the U.S., targeting 330,000 units of dealer inventory by year-end 2024. Actions include:
1. North American shipment declines of over 200,000 vehicles in H2 2024
2. Increased incentives on 2024 and older model year vehicles
3. Productivity improvement initiatives
Updated 2024 guidance:
- Adjusted operating income margin: 5.5 - 7.0% (down from 'double digit')
- Industrial free cash flow: -€5 billion to -€10 billion (from 'Positive')
Stellantis expects stronger performance in 2025 and beyond due to recovery actions being implemented.
Stellantis N.V. has reported on its Third Tranche of the 2024 Share Buyback Program for the week of September 20-26, 2024. The program, announced on August 1, 2024, aims to repurchase up to €1 billion of common shares in the open market by November 29, 2024. During this week, Stellantis repurchased 6,792,123 common shares at an average price of €13.5905 per share, totaling €92,308,557.
Since the program's inception on August 1, 2024, the company has bought back 59,238,528 common shares for a total of €838,749,422. As of September 26, 2024, Stellantis held 140,738,702 common shares in treasury, representing 3.62% of the total issued share capital. Detailed transaction information is available on the Stellantis website under the Share Buyback Program Section.
The all-new Dodge Charger Daytona, the first all-electric vehicle from Dodge, has won Green Car Journal's 2025 Performance Green Car of the Year award. The 2024 Charger Daytona Scat Pack, with 670 horsepower and 627 lb.-ft. of torque, retains Dodge's title as the world's quickest and most powerful muscle car. It features an all-electric, 400-volt dual motor system with standard all-wheel drive.
The Charger Daytona includes the Fratzonic Chambered Exhaust system, providing a signature rumble. All models come with a choice of an at-home Level 2 charging station or $600 charge credits. The Scat Pack and R/T models qualify for a full $7,500 federal tax credit when leased. First Call orders are now open for two-door models, with vehicles arriving in dealerships in the fourth quarter.
The Jeep® brand is returning to the Rebelle Rally for the ninth year, showcasing the 2024 Gladiator Mojave driven by veteran competitors Nena Barlow and Teralin Petereit. This marks the fourth consecutive year for the team partnering with Jeep and their first time competing in a Gladiator midsize pickup. The rally, taking place from October 10-19, 2024, covers 1,500 miles across Nevada and California deserts.
The Gladiator Mojave, the only Jeep vehicle with the Desert Rated badge, features enhanced capabilities for high-speed desert and sand terrains. It includes a reinforced frame, strengthened steering knuckles, and an improved suspension with FOX hydraulic jounce bumpers. The 2024 model adds standard side-curtain airbags and a 12.3-inch Uconnect touchscreen.
The Rebelle Rally, in its ninth year, is the longest competitive off-road rally for women in the United States, focusing on precision driving and navigation without GPS or cell phones.
Stellantis recognized 68 global and regional suppliers for their exceptional performance in 2023, with 21 suppliers receiving the prestigious 'Supplier of the Year' award. The fourth annual event, held on September 24 at the Lingotto Conference Center in Turin, Italy, was attended by over 200 global Stellantis suppliers and partners.
The awards covered various categories including Quality, Program Management, Innovation, Indirect Services, Corporate Social Responsibility, Carbon Footprint, Capex, Raw Materials, Supply Chain, Aftermarket, Powertrain, Body & Interior, Electrical, and Chassis & Adaptation. Regional awards were also presented for North America, South America, Enlarged Europe, Middle East & Africa, India & Asia Pacific, and China.
Maxime Picat, Stellantis Chief Purchasing and Supply Chain Officer, emphasized the important role of suppliers in overcoming challenges and achieving milestones. The event also highlighted Stellantis' software strategy and plans for its 14 iconic brands.
Exro Technologies Inc. has announced Stellantis N.V. as its automotive OEM partner for a passenger vehicle innovation program. The announcement follows 14 months of collaboration integrating Exro's Coil Driver® technology into Stellantis' next-generation electric powertrains. Exro has also been named a finalist for Best Supplier in the Innovation Category at the Stellantis Supplier Awards 2024.
The partnership has progressed through multiple technical, performance, and cost study milestones. Exro's technology aims to enhance system efficiency and power while potentially reducing costs and accelerating EV adoption. Stellantis recognized Exro for its innovative motor control technology, which improved electrified motor design, enhanced performance, and reduced costs in passenger car EVs.