AUBURN HILLS, Mich., Nov. 13, 2024 /PRNewswire/ -- All-new Jeep® Wagoneer S and Ram 1500 Ramcharger named in Newsweek's first America's Most Anticipated New Vehicles for 2025  Winners chosen based on industry impact, market significance, brand importance and "cool factor"  The all-new Jeep® Wagoneer S and Ram 1500 Ramcharger have been named "America's Most Anticipated New Vehicles" for 2025 by Newsweek. The inaugural awards program celebrates 25 vehicles that are new to the market and represent a diver ...

Stellantis is indefinitely laying off more than 1,000 employees at its Jeep assembly plant in Ohio as the automaker significantly reduces its inventory levels to match demand.  Stellantis, the parent company of Chrysler, Jeep, Dodge and Ram, issued Worker Adjustment and Retraining Notification (WARN) notices to the respective state and local governments as well as the United Auto Workers union.The 1,100 layoffs at the Toledo South Assembly Plant will be effective as early as Jan. 5, 2025.  Stellanis said th ...

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A view of the Jeep Plant where United Auto Workers members are picketing on September 18, 2023 in Toledo, Ohio.DETROIT — Automaker Stellantis announced plans Wednesday to cut a manufacturing shift and indefinitely lay off roughly 1,100 workers at a Jeep plant in Ohio.The company, which has been battling high inventory levels and lower earnings this year, said the decision at its Toledo South Assembly Plant to cut production to one shift will better align production with demand of the Jeep Gladiator pickup — ...

Headquartered in the Netherlands, Stellantis N.V. (NYSE: STLA ) is a large automotive manufacturing company, owning brands such as Alfa Romeo, Chrysler, Dodge, Citroën, Fiat, Jeep, and Peugeot among others. The company’s sales have taken a turn downwards beginning inI am an avid investor with a major focus on small cap companies with experience in investing in US, Canadian, and European markets. My investment philosophy to generating great returns on the stock market revolves around identifying mispriced se ...

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AUBURN HILLS, Mich., Nov. 1, 2024 /PRNewswire/ -- Participants from the Battery Workforce Challenge collegiate competition, a public-private partnership between the U.S. Department of Energy (DOE), Stellantis, and Argonne National Laboratory, gathered today to hand over the keys for 12 new 2024 Ram ProMaster electric vans. Chris Feuell, Chrysler and Ram Brand CEO, and Mark Champine, Stellantis Senior Vice President, Head of North America Engineering Technical Centers were on hand to distribute the ProMaster ...

Financial Data and Key Metrics - Consolidated shipments decreased by 20% or 279,000 units year-over-year, with 150,000 units associated with temporary gaps in the model lineup, 80,000 units related to inventory normalization, and 50,000 units due to lower sales performance and industry headwinds [8][11] - Net revenues declined by 27%, driven by a 20% shipment decline, negative pricing actions (€1.3 billion), and foreign exchange headwinds (€1.1 billion) [8][12][14] - Adjusted Operating Income (AOI) margin guidance for the full year is between 5.5% and 7%, with industrial free cash flow projected to be negative €5 billion to negative €10 billion [40] Business Line Performance - **North America**: Shipments declined by 36% or 170,000 units, with 50,000 units due to product hiatus and 80,000 units from inventory normalization Pricing was negatively impacted by enlarged incentives [15] - **Europe**: Shipments declined by 17% or 103,000 units, primarily due to temporary gaps in the B-segment lineup, partially offset by strong performance of new models like the Peugeot 3008 [16][17] - **Middle East & Africa**: Shipments declined by 26% or 27,000 units, mainly in Algeria due to import restrictions Revenues fell by 37%, impacted by FX headwinds and easing inflation in Turkey [17][18] - **South America**: Revenues declined by 2% despite a 14% increase in shipments, offset by FX headwinds from the Brazilian real and Argentinian peso [19] - **China, India, and Asia-Pacific**: Shipments declined by 30% due to competitive pressures from Chinese OEMs and a focus on an asset-light strategy [20] - **Maserati**: Shipments declined by 3,200 units, reflecting lower volumes of the Grecale SUV and the retirement of three products in 2023 [21] Market Performance - Group inventories were reduced by 9% compared to the beginning of the year, with 80,000 units of progress in Q3, primarily in North America [22][24] - U.S. dealer stock is targeted to reduce from 430,000 units to 330,000 units by November, improving day supply from 94 days to 85 days [24][25] Strategic Direction and Industry Competition - The company is undergoing a multi-year portfolio transition, focusing on platform consolidation, multi-energy flexibility, and reducing platform complexity [7][29] - New product launches, such as the Citroën C3, eC3, and Peugeot 3008, are expected to drive growth in high-demand segments and meet stricter emission requirements [35][36][37] - The Leapmotor international partnership is expanding, with plans to increase nameplates in Europe and explore localized production to compete more effectively [32][33] Management Commentary on Operating Environment and Future Outlook - The company is facing temporary challenges due to product portfolio upgrades, operational issues, and industry headwinds, particularly in Europe and North America [6][43] - Management expects these headwinds to peak in H2 2024 and diminish significantly in 2025, with a focus on improving sales effectiveness and reducing inventory levels [10][25] - The company remains confident in its long-term potential, leveraging its scale, new platforms, and iconic brands to drive future growth [44] Other Important Information - The company is enhancing its go-to-market strategy in North America, focusing on improving share of voice, lead qualification, and pricing transparency to boost sales [26][27] - Early signs of improved market share and qualified leads are encouraging, with a projected 10% increase in unit sales in October compared to September [28] Q&A Session Summary Question: North America Inventory Target and Market Share - The company is on track to reduce U.S. dealer stock to 330,000 units by November, but further reductions may be needed to align with peer levels Management is focused on improving sales effectiveness to reduce days supply [45][46][48][49] Question: Pricing Strategy and Dividend Policy - The company is working on improving pricing transparency and reducing incentives, while maintaining a strong balance sheet to support its dividend policy despite significant cash outflows in 2024 [52][53][57][58] Question: Guidance Range and Product Launches - The company is keeping its guidance range wide to allow flexibility in implementing strategic actions Key product launches, such as the Dodge Charger Daytona and Jeep Cherokee, are expected to drive growth in 2025 [60][61][67] Question: EV Profitability and European Market - The company aims for profitability parity between BEV and ICE products, with progress in Europe but challenges in North America due to early-stage EV launches Stricter emissions regulations in Europe are driving aggressive EV production [69][70][72] Question: Sell-Through and Affordability - The company is focused on improving sell-through by enhancing sales effectiveness and addressing affordability challenges, which are critical for both Stellantis and the broader industry [76][77][81] Question: Free Cash Flow and Working Capital - Negative working capital and lower production volumes are impacting free cash flow, but the company expects improvements as inventory levels normalize and sales effectiveness improves [83][84][87] Question: Captive Finance and Trade Policy - The company is building out its captive finance organization in the U.S., which is expected to improve customer loyalty and sales effectiveness Trade policy uncertainties, particularly around USMCA, are being managed through operational flexibility [89][90][103][105]

Q3 2024 SHIPMENTS AND REVENUES STEL stis IRAN - All Car Ram 2500 Rebel Heavy Duty SAFE HARBOR STATEMENT This document, in particular references to "FY 2024 Guidance", contains forward looking statements. In particular, statements regarding future financial performance and the Company's expectations as to the achievement of certain targeted metrics, including revenues, industrial free cash flows, vehicle shipments, capital investments, research and development costs and other expenses at any future date or f ...

KEY TAKEAWAYSStellantis on Thursday reported a 27% plunge in third-quarter revenue but also noted progress in running down the excess inventory buildup in the U.S. that has plagued the Big Three automaker.The company, which recently issued a profit warning, said that third-quarter net revenues were 33 billion euros ($35.8 billion) and that it was on track to deliver around 20 new models this year.Stellantis shares are rising 2.9% in premarket trading but have lost 43% of their value since the start of the y ...