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 is concluding tests on eFuels for 28 engine families to reduce carbon emissions in its fleet of internal combustion engines (ICE) in Europe. While aiming for 100% battery electric vehicle (BEV) sales in Europe by 2030, eFuels could cut CO2 emissions by up to 90% and affect around 28 million vehicles. The initiative could potentially reduce emissions by 400 million tons from 2025 to 2050. CEO Carlos Tavares emphasized that this step complements their electrification strategy and helps address emissions from existing ICE vehicles. Stellantis aims for carbon neutrality by 2038, backed by an investment of over €30 billion by 2025 towards electrification and software development.
Stellantis N.V. announces the appointment of Natalie Knight as the new Chief Financial Officer effective July 10, 2023, replacing Richard Palmer. Knight is currently the CFO at Ahold Delhaize and has a robust background in finance, including roles at Arla Foods and adidas AG.
CEO Carlos Tavares expressed confidence in Knight's ability to drive Stellantis' Dare Forward 2030 strategy, emphasizing her expertise in business transformation and ESG focus. Richard Palmer will leave the company on June 30, 2023, after a distinguished 20-year career, contributing significantly to Stellantis' merger and integration.
This leadership change marks a strategic move for Stellantis as it aims to enhance its financial performance and operational efficiency.
On April 16, 2023, Matt Hagan achieved his third win in the 2023 NHRA Camping World Drag Racing Series by driving the Dodge Charger SRT Hellcat Funny Car to victory at the Four-Wide Nationals in Las Vegas. This win marks his second consecutive victory at the Strip and his fifth career win in Las Vegas. Hagan's performance included a winning time of 3.943 seconds against competitors Tim Wilkerson, John Force, and Chad Green, solidifying his lead in the Funny Car points standings with a margin of 105 points. Notably, Tony Stewart, team owner of Hagan's racing team, also secured his first NHRA national win in the Top Alcohol Dragster class during the event. This victory underscores the competitive strength of the Tony Stewart Racing team and the performance of Dodge vehicles in NHRA competitions.
Stellantis N.V. has announced the release date for its First Quarter 2023 Shipments and Revenues, which will be made public on May 3, 2023. A live audio webcast and conference call will begin at 2:00 p.m. CEST / 8:00 a.m. EDT on the same day. Investors can view the related press release and presentation materials on Stellantis' corporate website starting at 8:00 a.m. CEST / 2:00 a.m. EDT. Additionally, a recorded replay will be available for those unable to join the live session. Stellantis, a leader in the automotive industry, is focused on innovative products and sustainable mobility solutions.
Stellantis announced its progress on the First Tranche of its Share Buyback Program, initiated on March 16, 2023, with a total budget of €500 million. As of April 13, 2023, the company repurchased 605,000 shares during the week of April 7-13 at an average price of €16.8155 per share, totaling €10,173,391 for this period. Cumulatively, from March 17 to April 13, Stellantis has bought 2,578,740 shares for €42,330,853. This buyback initiative aims to enhance shareholder value, offering a strategic approach to managing capital and potentially increasing earnings per share (EPS).
Stellantis held its 2023 Annual General Meeting on April 13, 2023, where all shareholder resolutions were approved. Notably, a EUR 4.2 billion dividend distribution was sanctioned, amounting to EUR 1.34 per common share, translating to USD 1.463548 for NYSE-listed shares. This payout is sourced from the profits recorded in the 2022 Annual Accounts. Key dates for shareholders include an ex-date of April 24, 2023, a record date of April 25, 2023, and a payment date scheduled for May 4, 2023. Additionally, the advisory vote on the 2023 Remuneration Report showed 80.4% approval for sections without pre-merger legacy matters and 51.9% for those with legacy matters. These outcomes reflect Stellantis' commitment to incorporating shareholder feedback.
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Stellantis announced the progress of its first tranche of the share buyback program, initiated on March 16, 2023, with a total allocation of €500 million. During the period from March 31 to April 6, 2023, the company repurchased 775,000 shares at an average price of €16.4981 per share, amounting to €12,786,059. Since the program's start, Stellantis has bought back a total of 1,973,740 shares at a cost of €32,157,462. As of March 30, 2023, Stellantis held 71,099,284 shares in treasury, representing 2.21% of the total issued share capital. The buyback aims to enhance shareholder value and return capital to investors.
Stellantis N.V. has announced a live webcast for its Annual General Meeting, set for April 7, 2023. The meeting will focus on the approval of Stellantis's 2022 financial statements. Interested parties can access the webcast on the official Stellantis website on the day of the event. As one of the top global automakers, Stellantis aims to lead in sustainable mobility technology while delivering value to stakeholders and communities. The meeting signifies a step towards transparency regarding the company’s financial performance.