Welcome to our dedicated page for Stellantis news (Ticker: STLA), a resource for investors and traders seeking the latest updates and insights on Stellantis stock.
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 N.V. announced the launch of the first tranche of its Share Buyback Program, with a budget of up to €500 million aimed at acquiring shares in the open market. This initiative is part of a broader plan totaling €1.5 billion, designed to enhance shareholder value by canceling shares purchased during the buyback. The program will commence on March 17, 2023, and conclude by June 19, 2023. Shares bought back will be canceled subsequently. The buyback is authorized by shareholders and will not exceed 10% of the company's capital, in compliance with market regulations.
Stellantis has announced new concept sketches for the Jeep brand ahead of the 57th annual Easter Jeep Safari, taking place from April 1-9, 2023 in Moab, Utah. The concepts are designed for off-road adventures and highlight the brand's commitment to electrification with a focus on Zero Emission Freedom. Jeep's offerings include models like the Wrangler, Grand Cherokee, and more, all of which will have electrified variants by 2025. The brand emphasizes a customer care program, Jeep Wave, enhancing the ownership experience.
On March 14, 2023, Dodge revealed the fourth teaser video for its final 2023 "Last Call" special-edition model, hinting at extraordinary horsepower, as indicated in the video titled "HEMI® Vice." The model is set to debut at the Dodge Last Call Powered by Roadkill Nights Vegas event on March 20, 2023, following the release of the last teaser on March 17. Dodge will showcase its electrified future alongside the unveiling, including the Charger Daytona SRT Concept. The event will also feature drag racing, celebrity appearances, and additional attractions. Dodge is commemorating the Challenger and Charger models before transitioning away from their current HEMI engine format.
On March 13, 2023, in Turin, Italy, Finnish F1 driver Valtteri Bottas purchased one of the exclusive 500 Alfa Romeo Giulia GTAs, a high-performance vehicle celebrated for its style and engineering. This limited-edition model, inspired by the iconic 1965 Giulia GTA, boasts a 540 hp engine and significant weight reduction through the use of ultralight materials. Bottas, an Alfa Romeo enthusiast, expressed pride in becoming an ambassador for the brand and owning this collector's car. The Alfa Romeo team, including CEO Jean-Philippe Imparato, acknowledged Bottas's exceptional career in F1, marking this delivery as a moment of passion and legacy for the brand.
The Jeep brand is set to return to Moab, Utah, for the 57th annual Easter Jeep Safari from April 1-9, 2023. This iconic off-road event, hosted by the Red Rock 4-Wheelers club, attracts thousands of Jeep enthusiasts. Attendees can expect the unveiling of a new collection of concept vehicles, including a 4xe electrified SUV designed for silent off-road performance, underscoring Jeep's commitment to achieving Zero Emission Freedom. This event will highlight Jeep's innovative approach to off-road capabilities and its electrification initiative, aiming for all Jeep vehicles to have an electrified variant by 2025.
Envisics, a leader in holographic head-up display technology, has secured over $50 million in Series C funding, achieving a post-money valuation of $500 million. The investment round, led by Hyundai Mobis, includes new significant investors such as GM Ventures and Stellantis Ventures. The funding aims to expedite product development for advanced augmented reality head-up displays (AR HUDs), which are essential for modern vehicles. General Motors plans to integrate this next-generation technology in the 2024 Cadillac LYRIQ. The AR HUD market is projected to grow at a 28% CAGR, expanding from 1.6 million units in 2022 to 19.1 million by 2032.
Dodge is ramping up anticipation for the seventh and final 2023 "Last Call" special-edition model with the release of the third teaser video titled "Scream @ 215 mph." This video provides insights into the high-performance capabilities of the upcoming vehicle. The official reveal will occur at the Dodge Last Call Powered by Roadkill Nights Vegas event on March 20, 2023, at Las Vegas Motor Speedway. Attendees can purchase tickets via MotorTrend. The event will feature drag racing, celebrity appearances like Diplo, and a showcase of Dodge's electrified future, including the Charger Daytona SRT Concept. Dodge has introduced six previous models in this series.
The Freedom of Mobility Forum has announced the agenda and panelists for a live debate scheduled on March 29, 2023, focusing on the affordability of mobility in a decarbonized world. The event will feature six diverse panelists representing various sectors including business, youth, and climate experts, discussing the environmental and social costs of mobility. The debate will address critical questions such as, “In a decarbonized world, will freedom of mobility be affordable to a happy few only?” The forum aims to foster constructive dialogue on preserving mobility amidst climate challenges.
Dodge//SRT and Mopar commence the 2023 NHRA Camping World Drag Racing Series from March 9-12 at Gainesville Raceway, Florida, marking the first season-opening event hosted in Florida's history. This event celebrates a year of partnership with Tony Stewart Racing, featuring drivers Leah Pruett and Matt Hagan. Hagan, the defending Funny Car champion, aims for victory with his Direct Connection Dodge Charger SRT Hellcat. Likewise, Pruett brings her Top Fuel dragster, capitalizing on successful pre-season tests. The event will showcase performance parts from Direct Connection and runs throughout 21 national events streamed live on FOX and NHRA.TV.
Stellantis has announced that its Cassino Assembly Plant in Italy will start producing vehicles based on the new BEV-centric STLA Large platform. This initiative aligns with Stellantis' Dare Forward 2030 strategic plan, emphasizing electrification and sustainability.
The STLA Large platform promises a range of up to 800 km (500 miles) and features flexible design capabilities. Stellantis is investing over €30 billion through 2025 in electrification and software innovations. This investment aims for significant emission reductions and doubling net revenues by 2030.