Stellantis N.V Stock Price, News & Analysis

On September 1, 2021, Stellantis N.V. (STLA) announced its definitive agreement to acquire F1 Holdings Corp., the parent company of First Investors Financial Services Group, for approximately $285 million. This acquisition aims to establish a captive finance company in the U.S., where Stellantis currently does not have one. CEO Carlos Tavares emphasized the strategic importance of this move for providing comprehensive financing options and enhancing customer loyalty. The transaction is expected to close by the end of 2021, pending regulatory approvals.

Stellantis announced the introduction of the Uconnect 5 system for the 2022 Ram lineup, enhancing user experience with features like wireless Apple CarPlay and Android Auto, customizable home screens, and improved telematics for fleet owners. This advanced system aims to cater to truck and fleet operators by offering faster speeds, enhanced performance, and seamless over-the-air updates. With up to five user profiles, advanced voice recognition, and improved navigation capabilities, Uconnect 5 is designed to keep drivers engaged and informed while ensuring safety on the road.

Stellantis announced significant achievements in the J.D. Power 2021 Initial Quality Study (IQS), with its Ram brand securing the top spot among 32 competitors, marking the first time a truck-exclusive brand has achieved this. The Dodge brand ranked second, maintaining its elite status, while Jeep rose to eighth place. Notable models include the Ram 2500/3500 as the top large heavy-duty pickup and the Ram 1500 as a runner-up in the light-duty category. Stellantis demonstrated impressive quality improvements, with half of its eligible vehicles ranking among the top three in their segments.

Dodge is set to host the 67th Dodge//SRT NHRA U.S. Nationals from September 1-5 in Indianapolis, marking the largest drag-racing event globally. This year, Dodge//SRT expands its sponsorship with a multiyear deal, reinforcing its commitment to motorsports. Key competitors include 2016 champion Matt Hagan, current points leader, and Leah Pruett, aiming for victory after a runner-up finish last year. The event also celebrates the 20th anniversary of the Dodge HEMI® Challenge, highlighting Dodge's rich racing heritage.

Stellantis has unveiled the new Tuscadero exterior paint color for all 2021 Jeep® Wrangler models, including Sport, Sahara, Rubicon, 4xe, and 392. This vibrant magenta color is available for a limited time through November 2021, priced at $395. The introduction of Tuscadero aligns with Jeep's 80th anniversary, reinforcing the brand's commitment to offering distinctive customization options. Jeep plans to enhance customer engagement with this bold color choice, appealing to the passionate Jeep community.

XL Fleet Corp. (NYSE: XL) has partnered with Stellantis (NYSE: STLA), adding its hybrid electric drive system for Ram 2500 and 3500 trucks. This collaboration enhances XL Fleet's product portfolio, now electrifying four major U.S. pickup brands: Ford, Chevrolet, Ram, and GMC. The XLH™ system improves fuel economy and reduces CO2 emissions while retaining OEM warranties. It will be showcased at the Advanced Clean Transportation Expo from August 31 to September 1 in Long Beach, CA. This milestone is expected to create new opportunities for fleet electrification and sustainability initiatives.

The 2022 Ram ProMaster, unveiled by Stellantis, is a Class 2 full-size van designed for vocational use. It boasts enhanced safety features, including Full-Speed Forward Collision Warning and Drowsiness Detection. The ProMaster offers the most advanced connectivity with Uconnect 5, featuring a 10-inch touchscreen and wireless Apple CarPlay. Equipped with a next-gen 3.6-liter Pentastar V-6 engine and a TorqueFlite nine-speed automatic transmission, it provides improved efficiency and drivability. Additionally, a battery-electric variant is set to launch in 2023, responding to customer demand.