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) 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.
Stellantis N.V. (STLA) has successfully extended and amended its €12 billion syndicated revolving credit facility (RCF), originally established in July 2021. The updated RCF is structured in two €6 billion tranches: one with a three-year tenor (July 2027) and another with a five-year tenor (July 2029). Both tranches have two one-year extension options exercisable on the first and second anniversary of the amendment signing date.
The facility involves 29 banks from Europe, America, and Asia, demonstrating strong international support for Stellantis. This amendment, featuring improved terms, enhances the company's financial flexibility and remains available for general corporate purposes.
Stellantis (STLA) has unveiled the 2024 Jeep Gladiator High Tide Edition, a special model exclusively for Florida. Based on the Gladiator Sport S, this edition features 17-inch black-painted aluminum wheels, 32-inch mud-terrain tires, and steel rock rails. It's equipped with a Jeep Command-Trac 4x4 system and a 2.72:1 low-range gear ratio for enhanced off-road capability.
The High Tide Edition includes 12-way power adjustable seats, heated front seats and steering wheel, and a 12.3-inch Uconnect 5 touchscreen. Available in six colors, it's priced at $48,275 (excluding $1,895 destination fee). This launch aligns with Jeep's electrification initiative, aiming to offer electrified variants for all North American models by 2025.
Stellantis (NYSE: STLA) is launching a new battery-electric vehicle (BEV) purchase package, offering customers a choice between an at-home charging station or $600 in charge credits through Free2move Charge. The company is also introducing the Free2move Charge website and app to assist customers with the buying process and charging options.
The Free2move Charge Home Package includes a Level 2 charging unit for convenient home charging, while the Go Package provides $600 in charging credits for use at public charging stations. Stellantis customers will have access to over 75,000 charging networks across the U.S., with plans to deploy a minimum of 30,000 in-network chargers through the IONNA joint venture starting in 2024.
Stellantis is set to launch several new all-electric vehicles in the U.S. market, including the 2024 Fiat 500e, 2024 Dodge Charger Daytona, 2025 Jeep Wagoneer S, 2025 Jeep Recon, and 2025 Ram 1500 REV.
Stellantis N.V. (NYSE: STLA) has honored seven top-performing technology startups with the third annual Stellantis Venture Awards. This celebration highlights Stellantis' commitment to delivering customer-centric technology and features, driving the Dare Forward 2030 vision of clean, safe and affordable mobility.
The 2024 honorees were selected based on their impact on customer experience, technological novelty, and scalability potential within Stellantis. Winners include Glanceable (France), Niron Magnetics (USA), Epitone (USA), Voltbras (Brazil), Ample (USA), Wheel.me (Norway), and Emotiva (Italy).
Stellantis collaborates with startups as both a partner and investor. The company has signed over 150 partnership contracts with startups in the past three years and has completed 14 investments through its Stellantis Ventures capital fund, which has an initial investment of €300 million.
FIAT celebrated its 125th anniversary in a grand event held at the La Pista 500 in Turin, marking a milestone and the beginning of a new chapter. Founded on July 11, 1899, FIAT has unveiled its vision for the future with the world premiere of the Fiat Grande Panda, a new global model aiming to reestablish FIAT in the global mainstream market. The event featured the return of the all-electric Fiat 500e to North America, now available at a starting MSRP of $32,500. FIAT highlighted its customer-first approach, commitment to inclusivity, and Italian design throughout the event. The celebrations included a parade of classic and contemporary FIAT vehicles, showcasing the brand's rich heritage and technological advancements. The new Casa FIAT museum exhibition, inaugurated at the Pinacoteca Agnelli, offers an immersive experience into FIAT's history and connection to the Lingotto building.
Key figures such as Stellantis Chairman John Elkann and CEO Carlos Tavares attended the event, emphasizing FIAT's role in providing clean, safe, and affordable mobility globally. The new Grande Panda, developed with a focus on sustainability and local relevance, features innovative solutions like an integrated spiral charging cable and offers more than 199 miles of range in its electric version. The new model is set to drive FIAT's return to the global market, embodying Italian style and versatility.
Ram Truck has launched a new global marketing campaign, 'Answer Your Calling,' in partnership with Universal Pictures, Warner Bros. Pictures, and Amblin Entertainment to promote the summer blockbuster 'Twisters' releasing on July 19, 2024. The 30-second ad spot will run on TV, YouTube, and social media channels globally. The campaign features 'Twisters' star Glen Powell driving a Ram truck, with the video showcasing the 2025 Ram 1500 RHO and other off-road models. Additionally, Ram and the American Red Cross are encouraging blood donations, offering incentives like a Fandango movie ticket and a chance to win a 2025 Ram 1500 Big Horn. The campaign is crafted with agency partner Doner.