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.
The 2023 Jeep Wrangler Willys 4xe, unveiled at the 2022 Detroit Auto Show, combines over 80 years of Jeep heritage with modern electric vehicle technology. Offering 49 MPGe and a 21-mile all-electric range, it features a powerful 375-horsepower hybrid system with 470 lb.-ft. of torque. The starting MSRP is $53,995, excluding incentives. The vehicle emphasizes off-road capability with a 2.72:1 full-time 4WD, 10.1 inches of ground clearance, and heavy-duty Dana 44 axles. Ordering begins immediately, with deliveries expected by Q4 2022, bolstering the Wrangler's position as the best-selling plug-in hybrid in the U.S.
On September 14, 2022, Stellantis unveiled a virtual auto show at the Detroit Auto Show, allowing consumers to explore new products and technology online. The virtual experience features a guided tour by a virtual brand ambassador, showcasing Stellantis brands like Jeep, Chrysler, and Ram. Users can engage with interactive 3D models, including the Grand Wagoneer and Jeep Grand Cherokee 4xe. Additionally, attendees can enter a sweepstake to win up to $100,000 towards vehicle purchases. The virtual platform aims to enhance accessibility for those unable to attend in person.
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Stellantis has entered into a share repurchase agreement with General Motors for 69.1 million common shares, approximately 2.2% of its share capital. This transaction also involves Stellantis delivering approximately 1.2 million shares of Faurecia and around EUR130 million in cash for rights to dividends. The total amount for the repurchase is EUR923,247,678, based on the average price of Stellantis shares over the past five trading days. The execution of this transaction will take place on September 15, 2022.
Ram Truck is marking the end of an era with the final opportunity to order the 2023 Ram 1500 EcoDiesel, as production will conclude in January 2023. Introduced in 2014, this model led in light-duty diesel powertrain innovations, achieving an EPA highway rating of 28 mpg and a towing capacity of up to 12,560 pounds. The EcoDiesel V-6 engine celebrated significant milestones, including over 1,000 miles of range. Ram plans to transition towards electrification, with a BEV pickup set to debut in 2024 and a full portfolio of electrified solutions by 2025.
The Jeep brand is set to unveil new vehicles and engage consumers at the Detroit Auto Show, taking place from September 14-18, 2022 at Huntington Place. A press conference will occur on September 14 from 8:35 to 9:05 a.m., featuring CEO Christian Meunier and senior VP Jim Morrison. Highlights include the debut of Camp Jeep, an indoor test track with challenging terrain, and a special offering of Jeep-inspired ice cream flavors from local Milk & Froth Ice Cream. View live reveals on the Jeep YouTube channel.
The Jeep brand, part of Stellantis, announced plans to become the leading electrified SUV brand globally. By 2025, Jeep intends to introduce four all-electric SUVs in North America and Europe. Stellantis aims for 100% battery electric vehicle (BEV) sales in Europe and 50% in the U.S. by 2030, supported by over €30 billion investment in electrification. These initiatives align with Stellantis’ goal to achieve carbon neutrality by 2038, aided by upcoming BEV launches, including the Jeep Recon and Wagoneer S.
The Jeep brand has unveiled its ambitious electrification strategy, aiming to become the global leader in zero-emission SUVs. By 2025, Jeep will introduce four all-electric SUVs in North America and Europe, with plans for 50% of U.S. sales and 100% of European sales to be battery-electric vehicles (BEV) by 2030. The new Jeep Avenger, the first fully electric Jeep, will debut at the Paris Motor Show on October 17. This initiative supports Stellantis's Dare Forward 2030 plan targeting net-zero carbon emissions.
On Sept. 7, 2022, Stellantis unveiled the 2023 Dodge Challenger and Charger R/T Scat Pack Swinger special editions, inspired by the brand's classic muscle car heritage. These models are part of the 'Last Call' lineup, which includes seven unique vehicles. Limited to just 1,000 units each, these cars feature retro styling, including distinct color options like F8 Green and Sublime Green, with special badging and interior accents. The Dodge brand aims to celebrate its legacy while catering to enthusiasts, with official ordering information to be announced in fall 2022.
Stellantis has appointed Chris Taylor as Chief Digital Information Officer, effective September 5, 2022. He will report to Chief HR and Transformation Officer Xavier Chéreau and functionally to CTO Ned Curic. Taylor, who has nearly 30 years of IT experience, aims to lead Stellantis' transition into a sustainable mobility tech company by enhancing digital strategies and improving IT execution. His expertise in cybersecurity and customer-centric solutions is expected to contribute to Stellantis' ambitious Dare Forward 2030 initiatives.