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.
The all-new, all-electric 2025 Ram 1500 REV debuted at the New York International Auto Show, showcasing an industry-leading targeted range of up to 500 miles. Customers can choose between a 168 kWh battery for 350 miles or an optional 229 kWh battery for 500 miles. This model supports rapid charging, adding up to 110 miles in around 10 minutes. With a towing capacity of 14,000 lbs and payload of 2,700 lbs, the REV is designed for performance, offering features like bi-directional charging. Part of the Dare Forward 2030 strategy, Stellantis invests over €30 billion in electrification by 2025.
Dodge celebrates its recognition with two 2023 Kelley Blue Book Brand Image Awards: Best Performance Brand and Most Refined Brand, marking the fifth consecutive year of accolades.
The awards are based on consumer perception data from Kelley Blue Book's Brand Watch study, analyzing over 12,000 new-vehicle shoppers. Dodge's recent launches include the high-performance Dodge Hornet GT, which is the quickest and most powerful compact utility vehicle under $30,000, and the Dodge Challenger SRT Demon 170, known for its unmatched acceleration and power.
The Dodge brand focuses on performance and technology, strengthening its market presence in the automotive sector.
Stellantis will showcase its Ram, Jeep, and Chrysler brands at the 2023 New York International Auto Show on April 5, 2023. Press conferences and vehicle unveilings will occur, featuring live streams for Ram and Jeep. The Ram brand conference starts at 9:20 a.m. ET, followed by Jeep at 11:35 a.m. ET, and Chrysler at 2:30 p.m. ET. High-profile executives, including CEO Carlos Tavares and brand heads, will present. Attendance at the auto show will emphasize Stellantis's continued presence and innovation in the automotive market.
Chrysler announces a partnership with the Autism Society of America during Autism Acceptance Month, which includes the new Calm Cabin package for Chrysler Pacifica vehicles aimed at enhancing travel comfort for individuals with autism. This initiative will feature items like a seat-back organizer, a meditative light and sound therapy machine, and a weighted sensory blanket. The Calm Cabin package will be available for purchase in late spring. The partnership will also focus on improving the dealership experience for autism families, with staff training and collaboration on further support initiatives.
Stellantis has restructured its European financing and leasing services, introducing the new Stellantis Financial Services and Leasys brands. This move follows the consolidation of Leasys and Free2move Lease, aimed at enhancing multi-brand operations. With partnerships established with BNP Paribas Personal Finance and Santander Consumer Finance, Stellantis intends to double its net banking income by 2030 as part of its Dare Forward 2030 strategy. The operational leasing company, Leasys, aims to lead the European market with a target fleet of one million vehicles by 2026, supported by recent acquisitions.
FCA US LLC reported a 9% decline in total U.S. sales for Q1 2023, totaling 368,237 vehicles sold, compared to last year. The Dodge brand experienced a notable 24% increase in total U.S. sales, with the Dodge Charger rising 43% and the Dodge Durango 22%. The Chrysler brand also saw a 10% increase, with the Pacifica and Chrysler 300 up 10% and 9% respectively. Jeep's Wrangler 4xe became the best-selling plug-in hybrid vehicle in America, with a 72% increase in sales. The Ram ProMaster achieved record sales, up 90%. Despite overall declines, strong demand for electrified models is evident.
Stellantis announced that its Mangualde Production Center in Portugal will start producing fully battery electric light commercial vehicles by 2025. This makes Mangualde the first plant in Portugal to produce large series of electric vans for Citroën, Fiat, Opel, and Peugeot. The decision was supported by a €119 million investment through the GreenAuto project. Stellantis currently holds a 43% market share in electric vans in Europe, achieving a 22% share in Portugal. This strategic move aligns with Stellantis's Dare Forward 2030 plan, targeting carbon neutrality by 2038.
Stellantis N.V. reported the completion of its first tranche of a share buyback program, which commenced on March 17, 2023. Up to €500 million is allocated for this initiative, with transactions occurring in the open market until June 19, 2023. From March 24 to March 30, 2023, Stellantis repurchased a total of 588,939 shares, totaling €9,593,753 at an average price of €16.2899. Overall, 1,198,740 shares have been purchased for €19,371,403 since the program's onset. As of March 30, 2023, Stellantis holds 70,324,284 shares in treasury, equivalent to 2.19% of its total issued share capital.
Alfa Romeo has commenced production of the 2024 Tonale, its first plug-in hybrid vehicle, at the Pomigliano d'Arco plant in Naples, Italy, with deliveries to North America starting in June 2023. The Tonale features a 15.5-kWh lithium-ion battery paired with a 1.3-liter turbocharged engine, achieving a best-in-class 285 horsepower and over 30 miles of electric range. Pricing starts at $42,995, with the option for a $7,500 federal EV tax credit for lease customers. The Tonale aims to enter the competitive premium compact SUV market, reflecting Alfa Romeo's commitment to electrification and modern technology.
The Jeep brand will unveil a remarkable collection of electrified and innovative concept vehicles during the 57th annual Easter Jeep Safari in Moab, Utah, from April 1-9, 2023. Highlighting its commitment to Zero Emission Freedom, the lineup includes the Jeep Wrangler Magneto 3.0, featuring cutting-edge powertrains and off-road capabilities. Additional concepts include the Jeep Scrambler 392, 1978 Jeep Cherokee 4xe, and Grand Wagoneer Overland, each showcasing increased performance and advanced technologies. This event attracts over 20,000 Jeep enthusiasts who provide invaluable feedback on future models.