Stellantis N.V Stock Price, News & Analysis

Stellantis, in collaboration with the National Business League, has launched the National Black Supplier Development Program, aimed at fostering economic opportunities for Black businesses. The pilot program will run until Q1 2022, involving 13 diverse Black-owned businesses. The initiative seeks to develop over 2.9 million Black businesses for future procurement opportunities, addressing the impact of the COVID-19 pandemic which led to a significant closure rate among Black-owned companies. This program highlights Stellantis's commitment to racial equity in the marketplace.

The 2021 Ram 1500 TRX has been awarded the prestigious titles of Texas Truck of the Year and High-Performance Truck of the Year by the Texas Motor Press Association. The Jeep Gladiator also earned accolades as Off-road Truck of the Year, while the all-new Jeep Grand Cherokee L was named Full-size SUV of the Year. Additionally, the Jeep Wrangler 392 received the High-performance SUV of the Year award. These recognitions highlight Stellantis's commitment to quality in the truck and SUV segments, enhancing brand reputation and potentially impacting future sales positively.

The Jeep Wrangler 4xe has excelled at the 6th Rebelle Rally, becoming the first electrified vehicle to win. It secured the top three overall positions and claimed the Bone Stock and Electrified titles. Team 4xEventure, with Nena Barlow and Teralin Petereit, achieved the overall win, marking Barlow's third podium finish. The competition saw the Wrangler 4xe deliver impressive performance, achieving 49 MPGe and 21 miles of electric range. Jeep's success in this rally underscores its commitment to innovation and electric mobility, aligning with its goal of zero-emission freedom.

Stellantis will showcase an array of vehicles at the Miami International Auto Show from October 16-24. Highlights include the 2021 Jeep Grand Cherokee L, 2021 Jeep Wrangler 4xe, and the 2022 Jeep Compass. The 2022 Wagoneer and Grand Wagoneer will also be highlighted as premium SUVs. Unique experiences such as Camp Jeep, featuring a 25,000-square-foot outdoor exhibit, will provide attendees with thrilling off-road experiences.

Stellantis has announced the addition of Ignition Media Group to its media and marketing agency roster. This Detroit-based agency will help shape Stellantis' marketing strategies across its North American brands, including Alfa Romeo, Chrysler, Dodge, FIAT, Jeep, and Ram. The partnership aims to enhance marketing messages that reflect Stellantis' diverse customer base and reinforce its commitment to minority-owned economic empowerment. This move aligns with Stellantis' goal of creating a culturally inclusive approach in its marketing efforts.

On October 12, 2021, Stellantis announced that its employees received recognition at the Women of Color STEM Conference held from October 7-9. Key achievements include the Career Achievement in Industry Award for Deirdre Fultz, Technology All-Star Award for Jian Tao, and multiple Technology Rising Stars Awards for emerging leaders. Stellantis emphasizes its commitment to diversity, stating that a diverse workforce drives innovation and customer satisfaction. The company also highlighted several corporate diversity accolades received in 2021, reinforcing its leadership in promoting inclusivity in STEM fields.

Mopar has unveiled concept sketches ahead of the 2021 SEMA Show in Las Vegas, scheduled for November 2-5. The company will showcase customized vehicles along with hundreds of factory-backed performance parts and accessories at its exhibit, which spans 15,345 square feet. Mopar, part of Stellantis, focuses on vehicle care and performance enhancement since its inception in 1937. The SEMA Show represents a $47.89 billion specialty automotive industry, emphasizing innovation and performance products.

Stellantis announced the reinstatement of domestic partner benefits for all eligible U.S. non-bargaining unit employees, effective January 1, 2022. This decision is part of the company's commitment to diversity and inclusion, honoring LGBTQ+ History Month. The benefits extend to both same- and opposite-sex partners, continuing Stellantis's history of supporting domestic partners since 2000. The company will also light its Auburn Hills tower purple from October 11-21 to mark this initiative. Stellantis aims to meet the diverse needs of its employees and stands as a leader in corporate equality.

Stellantis has announced a $229 million investment in its Kokomo, Indiana, plants to enhance its electrification strategy. This initiative will retain 662 jobs and retool three plants to produce next-generation, eight-speed transmissions. These transmissions are designed to improve fuel economy and enable vehicles to meet future emissions standards. The investment is part of Stellantis' commitment to achieving 40% low-emission vehicle sales in the U.S. by 2030 and follows a larger $35 billion investment into electrification through 2025.