Stellantis(STLA)
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Jeep, Dodge-maker Stellantis' profit slides as Detroit Three strikes bite
CNBC· 2024-02-15 10:59
(L-R) United Auto Workers (U.A.W.) members Kaleb Delfine, Bryan Broecker, Michael Gatto and James Triplett picket outside the Jeep Plant on September 18, 2023 in Toledo, Ohio.Global auto giant Stellantis on Thursday reported a 10% year-on-year fall in profit in the second half of 2023, as six-week strikes at the so-called "Detroit Three" automakers hampered production in the group's North American profit epicenter.Adjusted operating income (AOI) came in at 10.2 billion euros ($10.96 billion) for the July to ...
Stellantis Approves Share Buyback Program
Newsfilter· 2024-02-15 07:31
Stellantis Approves Share Buyback Program AMSTERDAM, February 15, 2024 – The Stellantis Board of Directors approved a share buyback program of up to €3 billion (total purchase price excluding ancillary costs) to be executed on the market. The Company intends to cancel the common shares acquired through the share buyback program apart from a portion of up to €0.5 billion, which may be used to service share-based compensation and employee stock purchase plans. The shares will be purchased over a period endi ...
Stellantis Employees Rewarded Nearly €1.9 Billion Worldwide for 2023 Performance, Totaling €6 Billion Since Company Creation
Newsfilter· 2024-02-15 07:11
Stellantis Employees Rewarded Nearly €1.9 Billion Worldwide for 2023 Performance, Totaling €6 Billion Since Company Creation Variable pay and profit-sharing* packages reflect 2023 global financial results and performance of each country in their respective demanding and competitive contextsAdditional Company matching contribution through new employee share purchase plan - Shares to Win - launched in late 2023 in France and Italy; expanding to up to 242,000 eligible employees in 2024Stellantis' "pay for per ...
Stellantis Delivers Record Net Revenues, Net Profit, Industrial Free Cash Flows for Full Year 2023
Newsfilter· 2024-02-15 06:32
Stellantis Delivers Record Net Revenues, Net Profit, Industrial Free Cash Flows for Full Year 2023 Net revenues of €189.5 billion, up 6% compared to 2022, with consolidated shipment volumes increasing 7%Net profit grew 11% to €18.6 billion. Adjusted operating income(1) rose 1% to €24.3 billion, with AOI margin of 12.8%Industrial free cash flows(2) of €12.9 billion, an increase of 19% compared to 2022Strong balance sheet, with Industrial available liquidity at €61.1 billion LEV sales up 27% in 2023, with ...
bproauto Aftermarket Parts Brand Launches Revised bproautoparts.com
Prnewswire· 2024-02-14 19:00
AUBURN HILLS, Mich., Feb. 14, 2024 /PRNewswire/ -- bproauto aftermarket parts brand launches revised bproautoparts.com. Newly expanded website includes search by part number or vehicle fitment, dealer locator, region selection tool for U.S., Canada and Mexico and much more. Newly expanded website includes search by part number or vehicle fitment, dealer locator, region selection tool for U.S., Canada and Mexico and much more Proven second-line brand of high-quality aftermarket parts costs less than or ...
Fiat 500e Named 2024 Urban Green Car of the Year by Green Car Journal
Prnewswire· 2024-02-14 15:22
AUBURN HILLS, Mich., Feb. 14, 2024 /PRNewswire/ -- Fiat 500e Named 2024 Urban Green Car of the Year by Green Car Journal All-new Fiat 500e, Stellantis' first BEV offering in North America, awarded 2024 Urban Green Car of the Year by Green Car Journal 42-kWh lithium-ion battery delivers a combined estimated electric range of 149 miles Every 2024 FIAT 500e comes with a Level 2 charging wall unit or public charging credits through Free2move Charge At just over 3,000 pounds, the Fiat 500e is the lightest ...
Stellantis Adopting Tesla's Electric Vehicle Charging Standard by 2025
CNET· 2024-02-13 23:45
Stellantis recently announced that it is the latest automaker to adopt the North American Charging System (NACS) -- known to some as the Tesla plug after the American EV startup that pioneered the standard -- starting with new electric vehicle models coming in 2025. This means that now every major automaker that currently sells or plans to sell electric cars in North America is onboard with NACS.Formerly Fiat Chrysler Automobiles before rebranding in 2021, Stellantis is a global conglomerate of American and ...
Update: Stellantis Will Post Full Year 2023 Results at a New Time on February 15
Newsfilter· 2024-02-13 11:34
Update: Stellantis Will Post Full Year 2023 Results at a New Time on February 15 AMSTERDAM, February 13, 2024 - Stellantis N.V. announced today that its Full Year 2023 Results press release and presentation material are now expected to be posted under the Investors section of the Stellantis corporate website at www.stellantis.com at 7:30 a.m. CET / 1:30 a.m. EST on Thursday, February 15, 2024. The live webcast and conference call of the Full Year 2023 Results will begin at 2:00 p.m. CET / 8:00 a.m. EST on ...
Chrysler Halcyon Concept Pushes Innovative Boundaries, Offers Forward-looking Vision of Brand's All-electric Future
Prnewswire· 2024-02-13 10:00
AUBURN HILLS, Mich., Feb. 13, 2024 /PRNewswire/ -- Chrysler today unveiled the Chrysler Halcyon Concept, exemplifying a fully electrified future of the Chrysler brand that embraces sustainability-driven exterior and interior design, full autonomy paired with personalized driving experiences and futuristic technology that expands on the brand’s “Harmony in Motion” ethos of customer-focused seamless connectivity. Chrysler Halcyon Concept exemplifies Chrysler's fully electrified future vision that embrac ...
Stellantis Increasing Production of Electric Drive Modules to Support Growth in Electrification Portfolio
Newsfilter· 2024-02-12 18:10
Stellantis Increasing Production of Electric Drive Modules to Support Growth in Electrification Portfolio Stellantis is growing its electrified propulsion manufacturing footprint with EDM production in Tremery-Metz, France, Kokomo, Indiana, USA and Szentgotthard, Hungary; along with electrified dual-clutch transmissions (eDCTs) at Mirafiori complex, ItalyAddition of Szentgotthard plant in Hungary with a €103 million investment supports the ongoing transformation of the Company's manufacturing sites to achi ...