Stellantis N.V Stock Price, News & Analysis

Stellantis announced a total investment of $99 million in three North American plants to produce a new 1.6-liter turbocharged engine for hybrid-electric vehicle (HEV) applications. The investment includes $83 million for retooling the Dundee Engine Complex in Michigan, with production set to start in early 2025. The Kokomo Casting Plant will receive $14 million for upgrades, and nearly $2 million will be allocated to the Etobicoke Casting Plant for new tooling. This initiative aligns with Stellantis' Dare Forward 2030 strategy.

The MotorTrend Presents Roadkill Nights Powered by Dodge event returns on August 13, 2022, in Pontiac, Michigan, featuring legal street drag racing and a builder showdown using Dodge Direct Connection parts. A media preview is set for August 12. Highlights include celebrity appearances, vehicle builds by past competitors, and Dodge thrill rides. This year kicks off a multi-day Dodge Speed Week, including product reveals from August 15-17 and an event display on August 20 during Dream Cruise weekend.

Dodge has secured the top spot among mass-market brands in the J.D. Power 2022 U.S. Automotive Performance Execution and Layout (APEAL) Study for the third consecutive year, marking a historic achievement as the only domestic brand to do so. Ram maintained its second-place ranking, with the Ram 1500 being recognized as the best large light-duty pickup for the third straight year. The Jeep brand also experienced a significant rise, improving 15 points in the APEAL index.

Stellantis has achieved a top score on the 2022 Disability Equality Index (DEI), reaffirming its commitment to disability inclusion. The DEI, considered the leading assessment tool in this area, measures workplace practices like culture, accessibility, and retention. Stellantis was also recognized in 2021 and has received several other diversity and inclusion accolades in 2022, such as high ratings from Diversity Inc. This reflects the company's ongoing efforts to create an inclusive workplace for individuals with disabilities, part of its broader 'Dare Forward 2030' strategy.

Jeep® brand has introduced two new exterior color options, Earl and limited-production Reign, for the 2023 Wrangler model year. Earl, inspired by the Gladiator Farout concept, features a unique gray shade with hints of aquamarine, while Reign revives the purple palette for a limited time. Both colors are open for dealer orders on various Wrangler models, including Sport, Sahara, Rubicon, and 4xe. Earl is priced at $395, while Reign is available at $495 until October 2023.

MotorTrend Presents Roadkill Nights Powered by Dodge is back on August 13, 2022, featuring a revamped Dodge Direct Connection Grudge Match. Competitors, including past champion Alex Taylor, will build drag cars using Dodge Direct Connection parts. The event will include street drag racing, car shows, and Dodge thrill rides in Pontiac, Michigan. The Grudge Match aims to showcase the abilities of both returning and new automotive personalities, elevating the excitement for car enthusiasts.

The Dodge Power Brokers and Direct Connection will feature prominently at the 42nd Dodge Power Brokers Mile-High Nationals from July 15-17 at Bandimere Speedway, Denver. This longstanding sponsorship, active since 1989, highlights Dodge's commitment to motorsports. Defending champion Matt Hagan aims to secure another win in the Charger SRT Hellcat, while Leah Pruett targets a repeat performance in her dragster. The event marks the midpoint of the NHRA season, with Dodge supporting two major events this year, including the U.S. Nationals in Indianapolis.

The latest sales report from FCA US LLC reveals a 16% decline in total U.S. sales and a 24% drop in retail sales for Q2 2022. Despite these overall declines, the Chrysler brand saw a remarkable 95% increase in sales, with notable growth from the Pacifica and Wrangler 4xe. Jeep models fared well, with the Compass up 54% and the Grand Cherokee increasing by 12%. Total commercial shipments also rose 13% year-over-year. In contrast, the Ram brand experienced a 28% drop in pickup sales.