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Stellantis (STLA) Stock News, Oct 12-27, 2022

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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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Dodge has opened ordering for the 2023 Challenger and Charger, marking the last models in their current forms. The new Dodge Horsepower Locator tool enhances the ordering experience by allowing customers to search for available models at dealerships based on specific criteria. Special-edition models include the Shakedown and Super Bee, along with Jailbreak options that let owners customize their muscle cars. The vehicles will feature a commemorative 'Last Call' plaque, and pricing has been announced for various models, enhancing their appeal in the market.

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Free2move eSolutions has appointed Mathilde Lheureux as the new CEO, effective November 1, 2022. Lheureux, who has over 15 years in the automotive sector and previously held key roles at Groupe PSA, is expected to lead the company in supporting Stellantis’ Dare Forward 2030 electrification strategy. The appointment follows Roberto Di Stefano's contributions, as he transitions to another role within Stellantis.

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Stellantis showcased its electrified vehicle portfolio at the Paris Motor Show, unveiling three new models: Peugeot e-308, e-308 station wagon, and e-408 at the Mulhouse facility. The display included the world's first hydrogen fuel cell vans, the Citroën ë-Jumpy and Peugeot e-Expert. These initiatives are aligned with Stellantis’ goal of achieving carbon neutrality by 2038, as stated in their Dare Forward 2030 strategy. The company aims to have 12 fully electric models produced in France by 2024, reflecting its commitment to sustainable mobility.

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RW Digital has graduated from the Stellantis-NBL National Black Supplier Development pilot program, which aims to enhance Black suppliers' opportunities in the market. The program, initiated by Stellantis and the National Business League in 2021, selected 13 Black-owned businesses. Post-graduation, RW Digital will assist Stellantis in increasing awareness of Dodge and Chrysler models in multicultural communities. The initiative aims to foster equitable opportunities for Black businesses in the global marketplace, ensuring a sustainable impact for years to come.

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Stellantis has signed a framework agreement with Algerian authorities to enhance local production of Fiat vehicles and develop the automotive sector in Algeria. The agreement, signed by COO Samir Cherfan and Algerian Ministry of Industry's Boussoussa Zineddine, was endorsed by Stellantis CEO Carlos Tavares and Algerian Minister of Industry Ahmed Zaghdar. This initiative aims to meet growing customer expectations in Algeria and strengthen Stellantis's presence in the region, emphasizing the company's commitment to local industrial activities.

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On October 12, 2022, Mopar, a brand under Stellantis, unveiled concept sketches ahead of its participation in the 2022 SEMA Show in Las Vegas, happening from November 1-4. The exhibit will span 15,345 square feet, featuring customized vehicles and a wide range of quality-tested performance parts. This year marks the 85th anniversary of Mopar, which has evolved from antifreeze products in 1937 to a comprehensive provider of vehicle care and performance enhancements. For more details, visit www.mopar.com.

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FAQ

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

Stellantis (STLA) last closed at $4.27.

What is the market cap of Stellantis (STLA)?

The market cap of Stellantis (STLA) is approximately $12.4B.