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 inaugurated a new software development center in Bengaluru, India, supporting its Dare Forward 2030 strategic plan. The facility spans 50,000 sq. ft. and aims to employ approximately 500 people. This center will focus on developing the STLA SmartCockpit and advancing AI and ADAS technologies for STLA AutoDrive. The initiative reflects Stellantis' commitment to software-defined vehicles and aims to generate €20 billion in incremental annual revenues by 2030. Collaboration with Indian universities is also planned for industry-specific curricula.
Stellantis announced the launch of its Circular Economy Business Unit aiming for over €2 billion in revenues by 2030 to support its target of carbon net zero by 2038. The strategy is based on a 'cradle-to-cradle' model using the 4R approach: reman, repair, reuse, and recycle, enhancing sustainability efforts. A new SUSTAINera label will inform customers about resource and energy savings. The initiative includes international hubs for recycling and remanufacturing, particularly at the Mirafiori Complex in Italy, signaling commitment to sustainable manufacturing.
Stellantis has signed a non-binding Memorandum of Understanding (MOU) with GME Resources for the future offtake of battery-grade nickel and cobalt sulphate from the NiWest Nickel-Cobalt Project. This agreement aims to bolster Stellantis' electric vehicle battery production in line with its Dare Forward 2030 strategic plan, which targets a 100% battery electric vehicle sales mix in Europe by 2030. The NiWest Project is expected to produce approximately 90,000 tons per annum of battery-grade materials, with significant investment already made in its development.
On October 7, 2022, Stellantis announced that eight of its technical women leaders were honored at the Women of Color STEM Conference in Detroit. The recognition, which included the Women of Color Technology All-Star and Technology Rising Star Awards, celebrates significant achievements in career and community service. Stellantis emphasized its commitment to diversity and inclusion, reflected in multiple awards for corporate diversity leadership in 2022, including a top supplier diversity rating from Diversity Inc and recognition from LATINA Style magazine.
Stellantis continues its long-standing support for the National Black MBA Association (NBMBAA), sponsoring the Graduate Student Case Competition since 1995. The 2022 competition, held in Atlanta, awarded a total of $50,000 in scholarships to talented MBA students. Howard University won first place with a $25,000 scholarship, while Georgia State University and Clark Atlanta University earned $15,000 and $10,000, respectively. This initiative highlights Stellantis's commitment to diversity and the recruitment of future business leaders.
Stellantis N.V. has announced it will release its Third Quarter 2022 Shipments and Revenues on November 3, 2022. The live audio webcast and conference call are scheduled for 1:00 p.m. CET / 8:00 a.m. EDT on the same day. Relevant press materials will be available on the company’s website starting at 8:00 a.m. CET / 3:00 a.m. EDT. A recorded replay will also be accessible afterward. Stellantis aims to lead as a sustainable mobility provider, collectively representing a variety of iconic automotive brands.
FCA US LLC reported third-quarter 2022 U.S. sales of 385,665 vehicles, a 6% decline from the previous year. However, commercial shipments rose 57%. The Dodge brand saw a 22% increase in sales, with the Charger, Challenger, and Durango up by 25%, 17%, and 32%, respectively. Chrysler brand sales rose 39%, with significant gains in the Pacifica and 300 models. Notably, the Jeep Wrangler's sales increased by 4%, and the Wrangler 4xe remained the top-selling plug-in hybrid.
Ram has unveiled the new 2023 Ram 2500 Heavy Duty Rebel at the Texas State Fair, enhancing its off-road truck portfolio. Positioned between Laramie and Power Wagon, this model features a standard 6.4-liter HEMI V-8 engine with 410 horsepower and an optional 6.7-liter Cummins Turbo Diesel with 370 horsepower. Key specifications include a towing capacity of 16,870 pounds and a payload of 3,140 pounds. With advanced safety features and a unique suspension system, the Ram 2500 Heavy Duty Rebel is poised to reinforce Ram's leadership in the off-road truck market.
Dodge has launched a unique marketing campaign called 'The Real Brotherhood of Muscle', showcasing content from its owners and enthusiasts. This national multimedia campaign runs across television and social media, inviting Dodge fans to share their vehicle videos using the hashtag #RealBrotherhood. The initiative follows the brand's recent announcements, including the introduction of the electrified Dodge Hornet and Charger Daytona SRT electric concept. Dodge aims to deepen its connection with its community of over 13 million fans.
Stellantis has achieved significant recognition with two of its powertrains, the 4xe plug-in hybrid in the Jeep Grand Cherokee and the new 3.0-liter Hurricane Twin Turbo I-6 in the Grand Wagoneer, being named among the 2022 Wards 10 Best Engines and Propulsion Systems. This marks the 12th consecutive year a Stellantis product has won this award. The 4xe hybrid offers 25 miles of all-electric range and 56 MPGe, while the Hurricane engine provides enhanced power and reduced emissions. These advancements align with Stellantis' Dare Forward 2030 strategy aimed at cutting its carbon footprint by 50% by 2030.