Stellantis N.V Stock Price, News & Analysis

Stellantis announces a groundbreaking partnership with (RED), becoming the first multi-brand automotive partner. The Jeep, Ram, and FIAT brands will launch special-edition (RED) vehicles, contributing at least $4 million to combat global health emergencies, including AIDS and COVID-19, over three years. The Jeep RED Compass will debut in early 2022, followed by the RED Renegade and Ram 1500 Limited RED. This initiative aims to raise awareness and funds, with campaigns like 'The (RED) Mission' and 'Born to Save' already in action.

On September 21, 2021, Stellantis reaffirmed its commitment as the exclusive sponsor of the National Black MBA Association Graduate Student Case Competition. This annual event offers $50,000 in scholarships, with the 2021 competition held virtually from September 11-13. Clark Atlanta University won first place, earning $25,000, with other finalists from Georgia Institute of Technology and University of Michigan receiving $15,000 and $10,000, respectively. Stellantis has sponsored the event since 1995, fostering a pipeline of diverse talent critical for innovation.

Stellantis N.V. announced that Mike Manley will resign as Head of Americas to become the CEO of AutoNation Inc. starting November 1, 2021. Following this transition, Mark Stewart and Antonio Filosa will report directly to CEO Carlos Tavares. Tavares expressed gratitude for Manley's contributions and wished him well in his new role, emphasizing their collaborative success in establishing Stellantis. Manley reflected positively on his time at Stellantis and expressed pride in the team's performance. John Elkann acknowledged Manley’s instrumental role in transforming the Jeep brand and in launching Stellantis.

Stellantis and the Jeep brand will lead the Motor City Pride parade on September 18, 2021, showcasing their support for LGBTQ communities. A rainbow-wrapped 2021 Jeep Wrangler 4xe will serve as the grand marshal vehicle. The event reflects Stellantis' commitment to diversity, with ongoing initiatives through its LGBTQ Business Resource Group, Prism. Stellantis has a history of recognition for its equality efforts, highlighted by its inclusion in DiversityInc's list of Top 50 Companies for Diversity. The parade is Michigan's largest LGBTQ celebration, with over 40,000 participants.

Stellantis' Jeep brand has partnered with Wallace Detroit Guitars and Cherrytree Music Company to introduce a custom guitar made from old-growth wood sourced from historic Detroit buildings. The Jeep-branded guitar, available for pre-order at $2,900, will take approximately 90 days to build. The collaboration also features a new song, 'Dreamers,' by the Detroit Dreamers, which was performed at the Mack Assembly Plant. The initiative celebrates Detroit's rich musical and automotive history, emphasizing creativity and community engagement.

Stellantis is testing two new connected safety notification technologies in North America, leveraging vehicle-to-everything (V2X) connectivity to enhance driver awareness of potential hazards. The first program uses Multi-access Edge Computing (MEC) to provide real-time alerts at intersections and pedestrian zones. The second system, developed through Stellantis' 'Star Up' innovation challenge, delivers alerts for nearby emergency vehicles via the Safety Cloud. These advancements aim to improve safety and pave the way for future autonomous technologies.

Stellantis has unveiled over 75 factory-backed accessories for the newly launched 2021 Jeep Grand Cherokee L, enhancing customization options. Key highlights include new 21-inch wheels priced at $550 and integrated side steps at $750. The lineup of more than 500 accessories caters to diverse needs with products ranging from roof racks to pet kennels. The introduction of a third-row seating enhances the vehicle's appeal in the full-size SUV segment, promising improved 4x4 capability and premium styling.

Dodge and Ram have excelled in the J.D. Power 2021 Automotive Performance Execution and Layout (APEAL) Study, with Dodge ranking first among 32 brands and maintaining its top position among mass-market brands for the second consecutive year. The Ram 1500 was recognized as the leading large light-duty pickup for the second year in a row. Both brands demonstrated improvement, scoring 882 and 881, respectively, surpassing the industry average. Additionally, Dodge Charger, Durango, Ram 2500/3500, and Jeep Gladiator achieved second place in their segments.

On September 14, 2021, Stellantis announced new dual-door group options for the 2021 Jeep Gladiator, enhancing the vehicle's open-air experience. This includes new half doors and upper-window assemblies, promoting better visibility and easy conversion between full and half doors. The factory-option pricing ranges from $4,590 to $4,990, with warranty coverage included for three years/36,000 miles. The Gladiator has been recognized for its quality, winning the midsize pickup category in the J.D. Power 2021 Initial Quality Study.