Tag Archives: Stellantis

Stellantis Celebrates Global Education Achievements Through 2024 Student Awards Program

(IN BRIEF) Stellantis concluded its third global Student Awards Program, recognizing over 660 high school and university graduates from 22 countries with monetary awards for their innovative contributions to future mobility. The program, which has supported nearly 16,000 students since … Read the full press release

Stellantis Appoints Davide Grasso as Chief Heritage Officer to Strengthen Brand Legacy

(IN BRIEF) Stellantis has appointed Davide Grasso as Chief Heritage Officer, a new role dedicated to preserving and promoting the history of Stellantis’ 14 brands. Grasso will work to connect the brands’ rich legacies with future business opportunities and customer … Read the full press release

Stellantis and Dürr Collaborate on Energy-Efficient Paint Shop, Boosting Electric Vehicle Production in Morocco

(IN BRIEF) Stellantis is partnering with Dürr to build an energy-efficient paint shop at its Kenitra site in Morocco, doubling the facility’s capacity for electric and hybrid vehicle production. The plant will utilize advanced technologies like the EcoInCure electric oven, … Read the full press release

Stellantis Revises 2024 Financial Forecast Amid North American Struggles and Global Market Challenges

(IN BRIEF) Stellantis has revised its 2024 financial guidance due to significant performance challenges in North America and a global market slowdown. The company plans to cut North American vehicle shipments by over 200,000 in the second half of 2024 … Read the full press release

Leapmotor and Stellantis Open European Orders for Affordable Electric City Car and SUV, Expanding Global Reach

(IN BRIEF) Leapmotor International has begun accepting orders in Europe for its affordable electric vehicles, the T03 city car and the C10 SUV, as part of its joint venture with Stellantis. This move aims to provide high-tech, cost-efficient electric mobility … Read the full press release

Stellantis Unveils Five World Premieres and Showcases Leapmotor Partnership at 2024 Paris Motor Show

(IN BRIEF) Stellantis made a strong impression at the 2024 Paris Motor Show, unveiling five world premieres from its brands Citroën, Peugeot, and Alfa Romeo. Additionally, the show marked the debut of the Chinese brand Leapmotor in partnership with Stellantis, … Read the full press release

Stellantis Drives Manufacturing Innovation with AI and Sustainable Solutions at Factory Booster Day

(IN BRIEF) Stellantis is advancing its manufacturing processes through AI-driven innovations and sustainable solutions, as showcased at its ninth annual Factory Booster Day on September 18, 2024, in Turin, Italy. The event featured over 60 partners and 93 new technologies … Read the full press release

SiliconAuto Chooses Siemens’ PAVE360 to Fast-Track ADAS SoC Development

(IN BRIEF) SiliconAuto, a semiconductor joint venture between Stellantis and Foxconn, has adopted Siemens’ PAVE360™ software to accelerate the development of its Advanced Driver-Assistance Systems (ADAS) System on a Chip (SoC). By utilizing PAVE360, SiliconAuto aims to create a virtual … Read the full press release

Stellantis Pro One Leads Commercial Vehicle Markets with Innovative Product Lineup and Global Growth

(IN BRIEF) Stellantis Pro One has become the market leader in commercial vehicles across Europe 30, South America, and the Middle East & Africa in the first half of 2024. The company achieved notable growth with new product launches like … Read the full press release

Stellantis Launches Second Tranche of €1 Billion Share Repurchase Program

(IN BRIEF) Stellantis N.V. announced the commencement of the second tranche of its Share Buyback Program, covering up to €1 billion of the total €3 billion program, starting from May 23, 2024, until August 30, 2024. Under this agreement, Stellantis … Read the full press release

Stellantis and Leapmotor Finalize Formation of Leapmotor International, Paving the Way for Global Expansion of EV Lineup

(IN BRIEF) Stellantis and Leapmotor have successfully completed the formation of Leapmotor International B.V., a joint venture led by Stellantis with a 51% stake, aimed at expanding the global reach of Leapmotor’s electric vehicle lineup. Spearheaded by CEO Tianshu Xin, … Read the full press release

EBRD Bolsters Serbian Automotive Lighting with €15 Million Loan for Energy-Efficient Expansion

(IN BRIEF) Feka Automotive, a prominent Serbian automotive lighting producer with ties to major global car manufacturers, including Toyota and Volkswagen, is set to undergo a significant expansion with the support of a €15 million loan from the European Bank … Read the full press release

Stellantis Ventures Backs SteerLight’s Next-Gen LiDAR Technology for Advanced Driver Assistance Systems

(IN BRIEF) Stellantis Ventures, the corporate venture fund of Stellantis N.V., announces its investment in SteerLight, a pioneer in high-performance LiDAR sensing technology. SteerLight’s innovative LiDAR, powered by silicon photonics technology, promises enhanced resolution, precision, and cost-effectiveness compared to existing … Read the full press release

Stellantis Pours €5.6 Billion into South America: A Game-Changer for the Region’s Automotive Sector

(IN BRIEF) Stellantis has unveiled an ambitious investment plan of €5.6 billion in South America, marking the largest ever investment in the region’s automotive industry. This substantial funding will span from 2025 to 2030 and will facilitate the introduction of … Read the full press release

Ayvens and Stellantis Forge Multi-Billion Euro Agreement for Sustainable Mobility

(IN BRIEF) Ayvens, a leading global sustainable mobility player resulting from ALD Automotive’s acquisition of LeasePlan, has entered a multi-billion euro frame agreement with Stellantis, a prominent automaker, to procure up to 500,000 vehicles for its long-term leasing fleet across … Read the full press release

Stellantis Approves €3 Billion Share Buyback Program to Enhance Shareholder Value

(IN BRIEF) Stellantis has announced the approval of a share buyback program worth up to €3 billion, reflecting the company’s robust financial position and commitment to delivering value to shareholders. The program, to be executed on the market, will involve … Read the full press release

Stellantis Achieves Record Financial Performance in 2023, Proposes Increased Dividend and Share Buyback

(IN BRIEF) Stellantis N.V. has announced its exceptional full-year 2023 results, with net revenues soaring to €189.5 billion, a 6% increase year-on-year, accompanied by a remarkable 11% rise in net profit to €18.6 billion. The company also reported a substantial … Read the full press release

Stellantis Announces Record Employee Payouts Totaling Nearly €1.9 Billion

(IN BRIEF) Stellantis has revealed its plans to distribute close to €1.9 billion this year to employees worldwide, based on the company’s impressive 2023 financial results and global achievements. This marks a significant milestone since the formation of Stellantis just … Read the full press release

Carlos Zarlenga Appointed to Lead Stellantis North America, Focusing on Electrification and Performance Improvement

(IN BRIEF) Stellantis has announced that Carlos Zarlenga will assume the role of leading Stellantis North America, effective February 1, 2024, taking over from Mark Stewart. Zarlenga, who brings over a decade of automotive experience and a strong financial background, … Read the full press release

SIXT Strikes Multi-Billion Euro Deal with Stellantis for Up to 250,000 Vehicles in Rental Fleet Expansion

(IN BRIEF) SIXT, the premium mobility service provider, and Stellantis, a major global automaker, have reached a multi-billion euro agreement, allowing SIXT to potentially purchase up to 250,000 vehicles for its rental fleet across Europe and North America over the … Read the full press release