Stellantis N.V. 

Stellantis NV engages in the design, manufacture, distribution, and sale of vehicles. It offers its products under the Abarth, Alfa Romeo, Chrysler, Citroën, Dodge, DS, Fiat, Fiat Professional, Jeep, Lancia, Opel, Peugeot, Ram, and Vauxhall brands. It operates through the following segments: North America, South America, Enlarged Europe, Middle East and Africa, and China, India and Asia Pacific. The company is headquartered in Hoofddorp, the Netherlands.

Earnings data Q3 2024

Stellantis NV engages in the design, manufacture, distribution, and sale of vehicles. It offers its products under the Abarth, Alfa Romeo, Chrysler, Citroën, Dodge, DS, Fiat, Fiat Professional, Jeep, Lancia, Opel, Peugeot, Ram, and Vauxhall brands. The company was founded on April 01, 2014 and is headquartered in Hoofddorp, the Netherlands.

Completion of the Second Tranche of Stellantis 2024  Share Buyback Program and Weekly Report (June 21-26, 2024)

Completion of the Second Tranche of Stellantis 2024 Share Buyback Program and Weekly Report (June 21-26, 2024)

Stellantis has struggled over the past year, with the price falling from $30 at its high to $20 today. The company generates tremendous amounts of operating income and free cash flow and maintains a large cash pile. The market is ignoring how cheap Stellantis is while management is navigating short-term troubles in the business.

Stellantis: Poised For Large Returns

General Motors

Toyota Motor

Tesla

Cox Automotive expects U.S. sales growth to slow during the second half of the year to end 2024 at 15.7 million units, roughly a 1.3% increase compared to 2023. Vehicle inventory levels are growing, incentives are increasing and there's growing uncertainty during surrounding the economy, interest rates and U.S. presidential election.

U.S. auto sales are expected to slow during the second half of 2024

Vauxhall and Citroen owner Stellantis NV (NYSE:STLA, EPA:STLA) has warned it could stop making vans in the UK due to the government's targets for EVs. UK boss Maria Grazia Davino claimed the sales mandates for zero-emission vehicles "could be very damaging" for its operations.

Vauxhall owner threatens to quit production in UK

Stellantis could halt its UK production unless the government does more to boost demand for electric vehicles (EVs) to help it comply with regulations requiring automakers to sell more EVs, the company's top UK executive said on Tuesday.

Stellantis could axe UK production unless government acts on EVs

AMSTERDAM, June 21, 2024 - Stellantis N.V. (“Stellantis” or the “Company”) announced today that pursuant to its Second Tranche of the 2024 Share Buyback Program announced on May 23, 2024, covering up to €1 billion to be executed in the open market during the period between May 23, 2024 and August 30, 2024, it has repurchased the following common shares in the period between June 14 up to and including June 20, 2024.

Weekly Report (June 14-20, 2024) Second Tranche of Stellantis 2024 Share Buyback Program

Stellantis (STLA) recalls around 1.2 million vehicles in the United States and Canada due to a software issue that can disable rearview cameras.

Stellantis (STLA) Recalls 1.2M Vehicles Due to Software Issue

DETROIT — Stellantis is recalling nearly 1.2 million vehicles in the U.S. and Canada to fix a software glitch that can disable the rearview cameras.

Stellantis recalling nearly 1.2 million vehicles over rear-view camera glitch

Ford Motor Company

Legacy U.S. automakers such as Ford Motor and General Motors should leave the China market to preserve capital amid the costly electric vehicle (EV) transition, a leading auto analyst said on Tuesday.

Detroit Three automakers should exit China, leading analyst says

General Motors, Ford Motor and Stellantis should exit the Chinese market "as soon as they possibly can," Bank of America's top automotive analyst said Tuesday. The rise of local Chinese automakers such as BYD and Geely has put growing pressure on the companies.

Top BofA auto analyst says Detroit automakers need to exit China as soon as possible

Stellantis recalled more than 1 million vehicles in the U.S. for a software issue that may prevent rear-view cameras from displaying, according to a Tuesday regulatory filing that impacts Chrysler, Dodge, Ram and Jeep models.

1 Million Stellantis Cars Recalled: These Are The Dodge, Chrysler, Jeep, Ram Models Affected

SAN FRANCISCO--(BUSINESS WIRE)--Stellantis Financial Services US, the captive automotive finance company of Stellantis in North America, today announced a new partnership with bolt, the insurtech with the world's largest technology-enabled insurance exchange, to support customers of Chrysler, Dodge, Jeep®, Ram, Fiat, and Alfa Romeo. bolt's technology will enable Stellantis customers to purchase auto insurance through Stellantis brand websites and mobile apps with a panel of insurers' products.

A New Milestone for Stellantis Insurance: Stellantis Financial Services US Launches Embedded Insurance Program With bolt to Expand Customer Choice

Chrysler, the Stellantis-owned brand, is recalling 1,033,433 vehicles in the United States over a rearview camera image issue, according to the US National Highway Traffic Safety Administration (NHTSA).

Chrysler recalls over 1 million vehicles in US due to rearview camera issues

Stellantis is recalling over one million vehicles in the U.S. over a problem with rear view cameras that could increase the risk of a crash, the U.S. auto safety regulator said on Tuesday.

Stellantis to recall over 1 mln vehicles due to rearview camera issue, NHTSA says

Stellantis Investor Day took place at a crucial time to fight the company's narrative shift. STLA shares have been impacted by a bear market while indexes reached new highs, leaving investors puzzled about the company. During its Investor Days, the Company stressed three new points I want to add to my bull-case.

Stellantis' Investor Day: 3 New Reasons To Be Long

Stellantis (STLA) introduces software products and connected features for its global lineup.

Stellantis (STLA) Ups Its Game With New Software Products

AUBURN HILLS, Mich., June 17, 2024 /PRNewswire/ -- Dodge brand announces partnership extension with Tony Stewart Racing (TSR) Nitro Top Fuel and Funny Car entries in NHRA Mission Drag Racing Series Dodge//SRT began partnership with TSR in 2022 with drivers Leah Pruett (Top Fuel) and Matt Hagan (Funny Car) driving Nitro cars in Direct Connection livery Stewart, the NASCAR Hall of Fame driver, replaced wife Pruett this year as the driver of TSR Direct Connection Dodge//SRT Top Fuel car for the 2024 NHRA season Hagan drove his TSR Direct Connection Dodge//SRT Hellcat Funny Car to the 2023 NHRA Mission World Championship after scoring six national events Hagan is competing in a Dodge Funny Car for the 16th consecutive season Dodge//SRT TSR teams have recorded 15 NHRA national event victories and one World Championship Pruett finished third in the 2023 NHRA campaign with TSR before stepping away from the TSR Direct Connection Dodge//SRT dragster this year to start a family with team owner Stewart Follow Dodge in NHRA action at DodgeGarage The Dodge brand today announced a partnership extension with the Tony Stewart Racing (TSR) Nitro organization to continue fielding two nitro-burning entries (Top Fuel and Funny Car) in the National Hot Rod Association (NHRA) Mission Drag Racing Series.

Dodge Brand Extends Partnership with Tony Stewart Racing in NHRA Mission Drag Racing Series

A Stellantis-led joint venture has started production of electric vehicles of China's Leapmotor at Stellantis' Tychy plant in Poland, analysts at Jefferies said, quoting Leapmotor's management.

China's Leapmotor started EV production at Stellantis' Polish plant, Jefferies says

Stellantis shares have struggled in 2024, with a negative 6% return compared to a 10% gain for the S&P 500. Declining shipments, soft demand, and intensifying competition have contributed to weaker financial results and eroded investor confidence. However, Stellantis is strategically positioned for a strong recovery in the second half of 2024, with a planned product offensive and focused cost management.

Stellantis: The Bull Run Is On Pause, Not Canceled

Weekly Report (June 7-13, 2024) Second Tranche  of Stellantis 2024 Share Buyback Program AMSTERDAM, June 14, 2024 - Stellantis N.V. (“Stellantis” or the “Company”) announced today that pursuant to its Second Tranche of the 2024 Share Buyback Program announced on May 23, 2024, covering up to €1 billion to be executed in the open market during the period between May 23, 2024 and August 30, 2024, it has repurchased the following common shares in the period between June 7 up to and including June 13, 2024: Date Number of Shares Repurchased Average Market Purchase Price in € per share Repurchased Volume in € (excluding fees) Venues 07-Jun-2024 1 281 247 €20.1386 €25 802 470 MILE 10-Jun-2024 955 312 €19.9347 €19 043 905 MILE 11-Jun-2024 1 194 400 €20.1017 €24 009 529 MILE 12-Jun-2024 722 407 €20.0182 €14 461 313 MILE 13-Jun-2024 476 773 €19.6199 €9 354 225 CEUX 13-Jun-2024 2 000 000 €19.7197 €39 439 494 MILE Total 6 630 139 €19.9258 €132 110 936   Since May 23, 2024 up to and including June 13, 2024, the Company has purchased a total of 20,595,051 common shares for a total consideration of € 417,470,064.

Weekly Report (June 7-13, 2024) Second Tranche of Stellantis 2024 Share Buyback Program

Stellantis (STLA) shares fell Friday after the automaker announced it would be moving some electric vehicle (EV) production out of China to Europe following threats by European regulators of big tariffs on Chinese-made EV imports.

Stellantis To Shift Some EV Production on China Tariff Concerns

AUBURN HILLS, Mich. , June 14, 2024 /PRNewswire/ -- The Jeep® brand is celebrating the launch of its first global all-electric vehicle arriving in the U.S., the all-new, all-electric 2024 Jeep Wagoneer S Launch Edition, by wrapping an image of the vehicle on the company's North America headquarters in Michigan.

Wrap it Up! The All-new, All-Electric 2024 Jeep® Wagoneer S Launch Edition Takes Center Stage on Stellantis NA Headquarters in Michigan

Stellantis CEO Carlos Tavares expressed dissatisfaction at the operation of some U.S. plants on Thursday, and took responsibility for not reacting quickly enough to address that issue, the problem of inventory backup, and tackling a “suboptimal” marketing strategy.

Stellantis CEO cites failures in U.S. operations, says automaker ready to compete with Chinese EVs

Stellantis is rolling out several software products and connected features for its vehicles around the world. The automaker, whose 14 brands include Chrysler, Fiat and Peugeot, aims to enhance the mobility experience of its customers and boost its revenue from software and connected services, Stellantis said in a Thursday (June 13) press release.

Stellantis Continues Global Rollout of Connected Car Features

That amount is more than double initial expectations of when the merger was announced and an updated 5 billion euros in synergies upon completion of the merger.

News for Stellantis N.V. Stock (STLA)