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Stellantis (STLA) Stock News, Jan-Feb 2023

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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.

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Stellantis will announce its Full Year 2022 Results on February 22, 2023, with a live webcast starting at 2:00 p.m. CET / 8:00 a.m. EST. Investors can access the press release and presentation materials on the company's website at www.stellantis.com at around 8:00 a.m. CET. A recorded replay will also be available for those who cannot attend the live session. Stellantis N.V., listed under STLA, is a leading global automaker and mobility provider, recognized for its diverse brand portfolio and commitment to sustainable mobility.

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Kyndryl (NYSE:KD), the largest IT infrastructure services provider, has entered a significant agreement with Stellantis (EuronextParis:STLA). Under this deal, Kyndryl will manage Stellantis' core IT infrastructure, utilizing Kyndryl Bridge for real-time insights and enhanced control. The partnership aims to drive operational excellence through automation and global service capabilities across Stellantis’ facilities in regions including the U.S., Latin America, Italy, France, Poland, and India. This collaboration underscores Kyndryl's commitment to supporting sustainable solutions for Stellantis' transformation.

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Stellantis N.V. announced its corporate calendar for 2023, detailing significant financial reporting dates: February 22 for FY 2022 results, May 3 for Q1 2023 shipments and revenues, July 27 for first half results, and October 31 for Q3 shipments and revenues. An Annual General Meeting to approve the 2022 financial statements is set for April 13.

Each reporting date will feature a webcast and conference call, accessible via Stellantis' corporate website. The firm is focused on becoming a leader in sustainable mobility technology.

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Freedom of Mobility Forum, initiated by Stellantis and facilitated by Wavestone, has announced its Advisory Board to guide the upcoming public debate on March 29, 2023. This forum aims to foster transparent dialogues on the urgent issues affecting mobility in the context of climate change. The seven-member board is diverse and includes experts from various sectors, such as climate, energy, and civil society. The first debate will emphasize a 360-degree approach to the intersection of mobility and global warming implications, inviting thought leaders to contribute to sustainable solutions.

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The 2023 Fiat 500X has been recognized for its affordability and value in Cars.com's Affordability Report as one of the Best Value New Cars. With a starting MSRP of $28,965 (excluding $1,595 destination charge), it features standard all-wheel drive and a suite of up to 75 advanced safety features. The vehicle boasts a 1.3-liter turbocharged engine delivering 177 horsepower and a fuel economy of 30 mpg highway. Available in Pop and Sport trims, the Fiat 500X stands out for its Italian design and engaging driving experience. Stellantis plans to launch the electric Fiat 500e in early 2024 as its first battery-electric vehicle in North America.

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Stellantis N.V. announced on January 18, 2023, that Andrea Agnelli will resign from the Board of Directors, effective at the closing of the 2023 Annual General Meeting. Agnelli, who was appointed for a four-year term starting January 17, 2021, served as a director nominated by Exor N.V. Exor will designate a successor for appointment at the AGM in line with the Company’s Articles of Association. Stellantis expressed gratitude to Agnelli for his valuable contributions during his tenure.

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Auburn Hills, Mich., Jan. 18, 2023 - Alfa Romeo has announced the pricing for its 2024 Tonale, starting at $42,995, excluding a $1,595 destination charge. Pre-ordering is now available for the Tonale Ti and Tonale Veloce trims, with an expected electric range exceeding 30 miles thanks to its 15.5-kWh battery and 90-kW electric motor. Customers opting for a lease can benefit from a $7,500 Federal EV tax credit. The Tonale features a powerful 285 horsepower output and all-wheel drive, marking Alfa Romeo's entry into the premium compact SUV segment.

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Stellantis has partnered with Terrafame to secure a supply of low-carbon nickel sulphate for electric vehicle (EV) batteries, starting in 2025. This five-year agreement is part of Stellantis’ Dare Forward 2030 strategic plan, which aims for a significant increase in battery electric vehicle sales in Europe and the U.S. by 2030. Stellantis plans to invest over €30 billion in electrification and software development by 2025. Terrafame operates a major battery chemicals plant in Finland, focusing on sustainability and reduced carbon footprint in its production process.

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FAQ

What is the current stock price of Stellantis (STLA)?

Stellantis (STLA) last closed at $4.22.

What is the market cap of Stellantis (STLA)?

The market cap of Stellantis (STLA) is approximately $12.3B.