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Discussion Starter · #62 ·
November 1, 2021

Stellantis Closes Previously Announced Acquisition of First Investors Financial Services Group

Stellantis logo

  • Company renamed to Stellantis Financial Services US Corp
  • Experienced leadership team to remain in place
AMSTERDAM – Stellantis N.V. (NYSE / MTA / Euronext Paris: STLA) (“Stellantis”) is pleased to announce completion of the acquisition of F1 Holdings Corp., parent company to First Investors Financial Services Group (“First Investors”) from an investor group led by Gallatin Point Capital LLC. The acquisition, previously announced on September 1, 2021, closed today at the agreed upon conditions and within the period indicated at signing.
First Investors, which has been renamed Stellantis Financial Services US Corp., will be the foundation for Stellantis to grow a full-service captive finance arm. Stellantis Financial Services will provide U.S. customers, dealers and partners with a complete range of financing options in the near-to-medium term, including retail loans, leases, and floorplan financing.
“With the acquisition of First Investors, we will quickly develop a captive financial arm in the United States, offering a complete range of products, for the benefit of our customers, our dealers, our brands and our shareholders,” said Philippe De Rovira, Chief Affiliates Officer for Sales Finance, Used Cars, Parts and Service and Retail Network.
“Acquiring First Investors supports the growth plan for Stellantis’ business in the United States,” said Richard Palmer, Chief Financial Officer of Stellantis. “This is a key strategic move to further extend our financial performance and create long-term value for Stellantis shareholders.”
“Enhancing customer experience is at the core of our mission,” said Tommy A. Moore Jr., CEO of Stellantis Financial Services US Corp. “Moving forward, we will leverage the strong commercial business in the United States to provide financing across the whole range of customers while looking to new emerging growth strategies, including mobility services, to expand our portfolio beyond the traditional vehicle sale.”
The executive management team, with an average tenure of 18 years in the financial industry, is expected to remain in place.

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Discussion Starter · #63 ·
November 29, 2021

Stellantis Signs Lithium Supply Agreement with Vulcan Energy


  • Agreement supports decarbonized supply of key raw material for electrified vehicle battery packs
  • Key element to power Stellantis’ aggressive electrification strategy
AMSTERDAM – Stellantis N.V. (NYSE / MTA / Euronext Paris: STLA) (“Stellantis”) and Vulcan Energy Resources Ltd. (ASX: VUL) announced today the signing of a binding agreement (“Agreement”) for Vulcan to supply battery grade lithium hydroxide in Europe for use in electrified vehicles to the Stellantis Group. The five-year agreement calls for shipments to begin in 2026.

The Vulcan supply agreement is a part of the Stellantis electrification strategy, detailed during the EV Day presentation in July 2021, to guarantee the adequate availability of key raw materials for electrified vehicle battery packs. Stellantis plans to invest more than €30 billion through 2025 in electrification and software development, while targeting to continue to be 30 percent more efficient than the industry with respect to total Capex and R&D spend versus revenues.

“Stellantis is moving forward on its electrification strategy with speed and power. This agreement is further proof that we have the competitive spirit to deliver on our commitments,” said Michelle Wen, Stellantis Chief Purchasing and Supply Chain Officer. “Safe, clean and affordable freedom of mobility represents a strong expectation of our societies and we are committed to deliver on that matter.”

Stellantis targets that more than 70 percent of its vehicle sales in Europe and more than 40 percent of vehicle sales in the United States will be low emission vehicles (LEV) by 2030. Each of the company’s 14 iconic vehicle brands is committed to offering best-in-class fully electrified solutions.

Vulcan’s Zero Carbon Lithium™ Project in the Upper Rhine Valley in Germany uses geothermal energy to produce battery-quality lithium hydroxide from brine without the use of fossil fuels and minimal water usage, reducing the generation of carbon in the battery metals supply chain.

“The definitive offtake agreement with Stellantis aligns with our mission to decarbonize the lithium ion battery and electric vehicle supply chain,” said Dr. Francis Wedin, Vulcan Managing Director. “The Vulcan Zero Carbon Lithium™ Project also intends to reduce the transport distance of lithium chemicals into Europe, and our location in Germany, proximal to Stellantis’ European gigafactories, is consistent with this strategy. We look forward to a long and productive relationship between Vulcan and Stellantis, as we work to achieve our shared sustainability and decarbonization ambitions.”

Vulcan will supply Stellantis with a minimum of 81,000 metric tons and a maximum of 99,000 metric tons of lithium hydroxide over the five-year term of the agreement.

The supply agreement is subject to the successful start of commercial operation at the Vulcan facility and full product qualification.

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Discussion Starter · #64 ·
Stellantis and Factorial Energy to Jointly Develop Solid-state Batteries for Electric Vehicles

November 30, 2021 , Amsterdam - Stellantis N.V. (NYSE / MTA / Euronext Paris: STLA) and Factorial Energy (Factorial) announced today the signing of a joint development agreement to advance Factorial’s high-voltage traction solid-state battery technology. The agreement also includes a strategic investment from Stellantis.

“Our investment in Factorial and other highly recognized battery partners boosts the speed and agility needed to provide cutting-edge technology for our electric vehicle portfolio,” said Stellantis CEO Carlos Tavares. “Initiatives like these will yield a faster time to market and a more cost-effective transition to solid-state technology.”

Factorial has developed breakthrough solid-state technology that addresses key issues holding back wide-scale consumer adoption of electric vehicles: driving range and safety.

“It is a great honor to partner with Stellantis, a leading global mobility player, which has some of the most iconic auto brands in the world,” said Siyu Huang, co-founder and CEO of Factorial Energy. “It is an incredible opportunity for us to advance the adoption of our clean, efficient and safe solid-state battery technology to the mass market.”

Stellantis announced during its EV Day program in July 2021 its target of having the first competitive solid-state battery technology introduced by 2026.

Factorial’s advances are based on FEST™ (Factorial Electrolyte System Technology), which leverages a proprietary solid electrolyte material that enables safe and reliable cell performance with high-voltage and high-capacity electrodes and has been scaled in 40Ah cells that perform at room temperature. FEST is safer than conventional lithium-ion technology, extends driving range, and is drop-in compatible for easy integration into existing lithium-ion battery manufacturing infrastructure.

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Discussion Starter · #65 ·
Stellantis CEO says EV cost burden is 'beyond the limits' for automakers

FILE PHOTO: Carlos Tavares, Chief Executive Officer and Chairman of the Managing Board of PSA Group, attends the Tomorrow In Motion event on the eve of press day at the Paris Auto Show
Joseph White
Wed, December 1, 2021

By Joseph White
DETROIT (Reuters) - Stellantis NV Chief Executive Carlos Tavares said external pressure on automakers to accelerate the shift to electric vehicles potentially threatens jobs and vehicle quality as producers struggle to manage the higher costs of building EVs.

Governments and investors want car manufacturers to speed up the transition to electric vehicles, but the costs are "beyond the limits" of what the auto industry can sustain, Tavares said in an interview at the Reuters Next conference released Wednesday.

"What has been decided is to impose on the automotive industry electrification that brings 50% additional costs against a conventional vehicle," he said.

"There is no way we can transfer 50% of additional costs to the final consumer because most parts of the middle class will not be able to pay."

Automakers could charge higher prices and sell fewer cars, or accept lower profit margins, Tavares said. Those paths both lead to cutbacks. Union leaders in Europe Electric vehicle transition puts 60,000 Italian jobs at risk, union says and North America United Auto Workers presses GM, Ford on unionizing battery plants have warned tens of thousands of jobs could be lost.

Automakers need time for testing and ensuring that new technology will work, Tavares said. Pushing to speed that process up "is just going to be counter productive. It will lead to quality problems. It will lead to all sorts of problems," he said.

Tavares said Stellantis is aiming to avoid cuts by boosting productivity at a pace far faster than industry norm.
"Over the next five years we have to digest 10% productivity a year ... in an industry which is used to delivering 2 to 3% productivity" improvement, he said.

"The future will tell us who is going to be able to digest this, and who will fail," Tavares said. "We are putting the industry on the limits."

Electric vehicle costs are expected to fall, and analysts project that battery electric vehicles and combustion vehicles could reach cost parity during the second half of this decade.

Like other automakers that earn profits from combustion vehicles, Stellantis is under pressure from electric vehicle maker Tesla Inc and other pure electric vehicle startups such as Rivian.

The electric vehicle companies are far smaller in terms of vehicle sales and employment. But investors have given Tesla and Rivian higher market valuations than the owner of the Jeep SUV brand or the highly profitable Ram pickup truck franchise.

That investor pressure is compounded by government policies aimed at cutting greenhouse gas emissions. The European Union, California and other jurisdictions have set goals to end sales of combustion vehicles by 2035. The United Kingdom has set 2030 as the deadline for going all-electric.

Tavares said governments should shift the focus of climate policy toward cleaning up the energy sector and developing electric-vehicle charging infrastructure.

Stellantis, created in 2021 with the merger of French automaker Peugeot SA and Italian-American automaker Fiat Chrysler NV, is on track to deliver 5 billion euros in cost reduction through streamlining its operations, Tavares said.

Tavares has accelerated Stellantis' electric vehicle development, committing 30 billion euros through 2025 to developing new electric vehicle architectures, building battery plants and investing in raw materials and new technology.

On Tuesday, Stellantis said it had invested in solid-state battery startup Factorial alongside German automaker Daimler AG.

"We can invest more and go deeper in the value chain," Tavares said. "There may be other (investments) in the near future."

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Discussion Starter · #66 ·
December 2, 2021

“Arena del Futuro”, Innovative Dynamic Induction Charging Becomes a Reality

Stellantis Arena del Futuro

  • Inauguration of the “Arena del Futuro” (‘Arena of the Future’) circuit built by A35 in collaboration with Stellantis and other partners, to field test revolutionary electric charging with dynamic induction
  • The 1,050-meter-long circuit is located in a private area of the A35 autostrada, near the Chiari Ovest exit, and is powered with an electrical output of 1 MW
  • Using DWPT (Dynamic Wireless Power Transfer), electric vehicles can be charged “wirelessly”, by driving them in wired lanes with an innovative system of turns installed under the tarmac
  • DWPT is one of the main technologies made to respond in an immediate and tangible way to the requirements for decarbonization and environmental sustainability in the mobility sector
  • Stellantis’ participation in this project forms part of the electrification strategy illustrated by the Company at its EV Day in July 2021
TURIN – After years of intense, in-depth studies, “Arena Del Futuro” – the circuit built by A35 Brebemi, the direct motorway link between Brescia and Milan, in collaboration with Stellantis and other international partners, public institutions and universities – has now become a reality. Its objective is to field test revolutionary electric charging with dynamic induction.

After identifying the road electrification technologies and fine-tuning the circuit, phase 3 of the project now begins, focused on piloting the technology in use. The inauguration of the 1,050-meter-long circuit has successfully taken place. Located in a private area of the A35 autostrada near the Chiari Ovest exit, it is powered with an electrical output of 1 MW. “Arena del Futuro” is now ready to field test the innovative technology used to charge electric vehicles when they are driven over the circuit.

To do so, the first vehicles (New 500 and the Iveco E-Way bus) have been fitted out to test the system and have already clocked up many kilometers, with more than encouraging results. The aim is to demonstrate how the DWPT (Dynamic Wireless Power Transfer) system – the main feature of “Arena del Futuro” – is proving to be one of the best candidates in giving immediate, concrete answers when it comes to the requirements for decarbonization and environmental sustainability in the mobility sector.

Stellantis’ participation in this project thus forms part of the electrification strategy illustrated by the Company at its EV Day on July 8th, 2021. The main objective is to offer customers not only cutting-edge vehicles, with great range and ultra-fast charging speeds, but also an ecosystem of services that can meet all the needs of an increasingly demanding client base. By 2025, Stellantis plans to invest over €30 billion in electrification and software development, with the aim of supporting decarbonization plans and simultaneously ensuring “best-in-class” customer satisfaction, all over the world.

For Anne-Lise Richard, Head of the Global e-Mobility Business Unit at Stellantis: “This is a cutting-edge solution to provide a concrete answer to the issues of range and charging, both of which customers are concerned about.” To follow up on the announcements made at EV Day, Anne-Lise Richard stated: “We’re accelerating our role of defining the mobility of the future and, in this sense, DWPT technology seems to us to be in line with our desire to offer a concrete response to customers’ requirements. Charging vehicles while they are on the move provides clear advantages in terms of charging times and the size of their batteries.”

The potential offering of innovative services such as the DWPT system will help Stellantis to meet the challenging electrification targets announced at its EV Day: more than 70% of the vehicles it sells in Europe and over 40% of those sold in the United States will be low-emission vehicles (LEVs) by 2030.

Using DWPT, electric vehicles can be charged “wirelessly”, by driving them in wired lanes with an innovative system of turns installed under the tarmac. This technology can be adapted for all vehicles equipped with a special “receiver”, which transfers the energy incoming from the road infrastructure to the battery, aiming at a “zero-emissions” mobility system. At the same time, the advanced connectivity over IOT (Internet of Things) technologies will guarantee maximum road safety, made possible by constant dialog between the autostrada and the vehicles traveling along them. The road surface will also be optimized to make it more durable without altering the efficiency and effectiveness of the inductive charge.

This project is the first example of collaborative innovation for the “zero-emissions” mobility of people and goods. A35 Brebemi-Aleatica and Stellantis – together with ABB, Electreon, FIAMM Energy Technology, IVECO, IVECO Bus, Mapei, Pizzarotti, the Polytechnic University of Milan, Prysmian, TIM, Roma Tre and Parma Universities, the Fire Brigade and the Traffic Police – have now taken a major and extremely concrete step with “Arena del Futuro”, recently cited by the prestigious Time magazine as one of the 100 most important inventions of 2021.

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Discussion Starter · #67 ·
December 7, 2021

Stellantis, Foxconn Partner to Design and Sell New Flexible Semiconductors for Automotive Industry


  • Enables use of cutting-edge semiconductor technology across Stellantis’ all-new STLA Brain architecture
  • Adoption and installation of products into Stellantis vehicles targeted by 2024
  • Partnership will help drive stability in Stellantis’ global semiconductor supply chain
AMSTERDAM - Stellantis N.V. (NYSE / MTA / Euronext Paris: STLA) (“Stellantis”) and Hon Hai Technology Group, (“Foxconn”) (TWSE: 2317) today announced the signing of a non-binding memorandum of understanding to create a partnership with the intent to design a family of purpose-built semiconductors to support Stellantis and third-party customers.

“Our software-defined transformation will be powered by great partners across industries and expertise,” said Carlos Tavares, Stellantis CEO. “With Foxconn, we aim to create four new families of chips that will cover over 80% of our semiconductor needs, helping to significantly modernize our components, reduce complexity, and simplify the supply chain. This will also boost our ability to innovate faster and build products and services at a rapid pace.”

This partnership was announced as part of the Stellantis Software Day 2021 event where the Company unveiled STLA Brain, the new electrical/electronic and software architecture launching in 2024 across Stellantis’ four battery electric vehicle-centric platforms – STLA Small, Medium, Large and Frame. STLA Brain is fully OTA capable, making it highly flexible and efficient.

“As a leading global technology company, Foxconn has the depth of experience in manufacturing semiconductors and software - two key components in the production of electric vehicles. We look forward to sharing this expertise with Stellantis and together tackle the long-term supply chain shortages, as we continue with the expansion into the electric vehicle market,” said Young Liu, Chairman & CEO of Foxconn Technology Group.

The collaboration will support Stellantis’ initiatives to reduce semiconductor complexity, design an all-new family of purpose-built semiconductors to support Stellantis vehicles, and provide capabilities and flexibility in this area of growing importance as vehicles become increasingly software-defined.
The partnership will leverage Foxconn’s domain know-how, development capabilities, and supply chain in the semiconductor industry, as well as Stellantis’ expansive automotive expertise and significant scale as a lead customer for the enterprise.

Foxconn has a long-running history of developing semiconductors and applications within consumer electronics, which will expand to the automotive space with the guidance and demand of a world-class mobility partner. These same semiconductors will be utilized within the Foxconn EV ecosystem as Foxconn continues to extend its capabilities in electric vehicle manufacturing.

Today’s announcement marks the second collaboration between Stellantis and Foxconn. In May, the companies announced the Mobile Drive joint venture aimed at developing smart cockpit solutions enabled by advanced consumer electronics, HMI interfaces and services that will exceed customer expectations.

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Discussion Starter · #68 ·
December 7, 2021

Stellantis Targets ~€20 Billion in Incremental Annual Revenues by 2030 Driven by Software-Enabled Vehicles


  • Approximately €4 billion in annual revenues by 2026 and ~€20 billion by 2030, generated by software-enabled product offerings and subscriptions
  • More than €30 billion of investments planned through 2025 to execute software and electrification transformation
  • 34 million monetizable connected cars expected by 2030, with a majority of all new vehicles to be fully over-the-air updatable by 2024
  • Three all-new AI-powered technology platforms to be deployed at scale, starting in 2024: STLA Brain, STLA SmartCockpit, and STLA AutoDrive
  • Strategic partnerships with leading companies, including BMW, Foxconn, and Waymo, continue to drive innovation, efficiency and shared know-how with Stellantis experts
  • 4,500 software engineers by 2024, not including partnerships, supported by a dedicated Software Academy
AMSTERDAM - Stellantis N.V. (NYSE / MTA / Euronext Paris: STLA) today mapped out its software strategy to deploy next-generation tech platforms, building on existing connected vehicle capabilities to transform how customers interact with their vehicles, and to generate approximately €20 billion in incremental annual revenues by 2030.
This transformation will move Stellantis’ vehicles from today’s dedicated electronic architectures to an open software-defined platform that seamlessly integrates with customers’ digital lives. It greatly expands the options customers have to add innovative features and services via regular over-the-air (OTA) updates keeping vehicles fresh, exciting and updated years after they have been built.
“Our electrification and software strategies will support the shift to become a sustainable mobility tech company to lead the pack, leveraging the associated business growth with over-the-air features and services, and delivering the best experience to our customers,” said Carlos Tavares, Stellantis CEO. “With the three all-new AI-powered technology platforms to arrive in 2024, deployed across the four STLA vehicle platforms, we will leverage the speed and agility associated with the de-coupling of hardware and software cycles.”
Stellantis plans to invest more than €30 billion through 2025 to execute its software and electrification transformation.
The Stellantis software strategy works hand-in-hand with the Company’s vehicle electrification plans, detailed at EV Day in July 2021, which targets that more than 70 percent of its vehicle sales in Europe and more than 40 percent of vehicle sales in the United States will be low emission vehicles (LEV) by 2030. Each of the Company’s 14 iconic brands is committed to offering best-in-class fully electrified solutions.

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Discussion Starter · #69 ·
Stellantis CEO in Detroit: COVID-19 pandemic shows people want cars

Eric D. Lawrence, Detroit Free Press
Tue, December 7, 2021, 6:10 PM

For Carlos Tavares, the man who controls the fate of Jeep, Ram, Chrysler and Dodge, the pandemic, and what it has wrought, has been eye-opening.
Crises, which began with COVID-19 and spread into the semiconductor shortage that has tested the resilience of the supply chain, driven up vehicle prices and limited what vehicles are on dealer lots, have revealed something amazing yet simplistic, Tavares, who is CEO of Stellantis, told a group of journalists in Detroit on Tuesday.
“My order book is going through the roof. People want to buy cars. It’s amazing. It’s as if we have all discovered through the COVID crisis how important it is to protect our freedom of mobility. And therefore, what’s the best way to protect my freedom of mobility is to have (a) car,” Tavares said, during a roundtable at a former Dodge Viper plant now known as the Conner Center.
Carlos Tavares, CEO of Stellantis, speaks in Detroit Tuesday about the company's plans to generate $22.6 billion (20 billion euros) in revenues by 2030 by transforming how consumers interact with and experience their vehicles by offering “software-enabled products” and subscription services.

Carlos Tavares, CEO of Stellantis, speaks in Detroit Tuesday about the company's plans to generate $22.6 billion (20 billion euros) in revenues by 2030 by transforming how consumers interact with and experience their vehicles by offering “software-enabled products” and subscription services.
Describing that collective realization was a way for Tavares, who was in town to unveil the company’s software strategy for the years to come, to highlight the challenges he sees the industry facing.

With pressure increasing from governments to end the sale of internal combustion engines, electric vehicles, which Tavares said the company is bullish on, are where the industry is headed. But battery electric vehicles cost 50% more to produce than cars with traditional engines, raising questions of affordability, he noted. If that’s not managed correctly, the automotive industry won’t just be transformed, it will be downsized because the middle class would be priced out.

“So the question is where do we want to go as a society in terms of protecting or even promoting freedom of mobility and that’s a question which has to be addressed to the people we are supposed to vote for, right? We are just trying to keep our companies sustainable, competitive,” Tavares said.

Part of that effort to be sustainable will involve generating more money through areas including software. On that front, the company revealed Tuesday its expectation that it will raise about $22.6 billion (20 billion euros) in revenues by 2030 by transforming how consumers interact with and experience their vehicles by offering “software-enabled products” and subscription services.

It’s a push that’s designed to generate not only more money from car buyers, but also one the automaker hopes will catch eyes on Wall Street.

“We are indeed transforming Stellantis into a mobility tech company,” Tavares said during a presentation before his meeting with reporters that also highlighted autonomous vehicle development partnerships the company has with BMW and Waymo.

Carlos Tavares, CEO of Stellantis, speaks with reporters in Detroit Tuesday following the company's announcement of its software strategy.

Carlos Tavares, CEO of Stellantis, speaks with reporters in Detroit Tuesday following the company's announcement of its software strategy.
Investor interest is key for legacy automakers like Stellantis, which have market valuations a fraction of the size of electric vehicle companies like Tesla and even new entrant Rivian. At one point, Tavares appeared to address that disparity by asking whether markets had fully recognized the transformation of Stellantis, which plans $34 billion (30 billion euros) in electrification and software developments through 2025, and answering, "perhaps not."

There's a lot more "value creation" to be unleashed by Stellantis, he said, noting that the "message today is this company is on the move."

Stellantis, which formed earlier this year from the merger of Fiat Chrysler Automobiles and Peugeot maker PSA group, also announced a partnership with iPhone-maker Foxconn to design “a family of purpose-built semiconductors.”

Tavares said in a news release that the chips would cover 80% of the company’s semiconductor needs. Specifics on how the partnership would operate and how soon chips from the venture would be available were not released.

It’s the second partnership with Foxconn. In May, the companies announced a joint venture to supply Stellantis vehicles with infotainment and connected vehicle features.

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Discussion Starter · #70 ·
Stellantis will roll out Level 3 self-driving in 2024

Hands-free tech will be part of BMW tie-up


 Stellantis previewed its future software capabilities with the Chrysler Airflow concept.

Stellantis previewed its future software capabilities with the Chrysler Airflow concept.

Stellantis will roll out hands-free Level 3 autonomous driving capability within its cars starting in 2024.
The technology to allow the driver to hand control to the car is being developed in partnership with BMW, the automaker said.

Announcing a new software strategy, Stellantis said it aims to generate about 20 billion euros ($23 billion) in extra revenue from software-driven features in its vehicles by 2030.

"The first Level 3 solution will come in 2024 before rolling out across the full portfolio in the years to come," Joachim Langenwalter, head of artificial intelligence, software and hardware at the company, said during an online presentation of the strategy on Tuesday.

Stellantis executives did not expand on which of its 14 brands will gain access to the technology first, but a slide outlining the plans pictured an Alfa Romeo, suggesting it would go to premium brands first.
BMW will roll out Level 3 autonomy starting in 2022 with the next-generation 7 Series upper-premium sedan, Forbes reported last month.

Stellantis' collaboration with BMW is a continuation of a partnership between Fiat Chrysler Automobiles, Mobileye, Intel and BMW announced in 2017, a Stellantis spokesman said. Fiat Chrysler merged with PSA Group in January to form Stellantis.[idio]=906493633

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Discussion Starter · #71 ·
Stellantis’ First Hydrogen Vans Enter Production
Opel and Citroën light-commercial vehicles—which double as rechargeable EVs—arrive just when the automaker promised.

Dec 13, 2021

citroen e jumpy hydrogen


  • Opel Vivaro-e Hydrogen and Citroën ë-Jumpy Hydrogen enter production, with the first examples delivered to customers this month.
  • Hydrogen fuel-cell vans offer a range of over 248 miles in the WLTP cycle, and up to 215 cubic-feet of cargo space in the longer-wheelbase variants.
  • The LCVs' 10.5-kWh lithium-ion batteries can also be recharged at an EV charger, giving them a safety cushion of range.
Earlier this summer we received a modestly detailed roadmap to electrification from a number of Stellantis brands, including Dodge and Chrysler, promising e-muscle starting in 2024, as well as four size versions of the battery-electric STLA platform. And a few days ago we got another glimpse of the electric Chrysler Airflow concept crossover, expected to go into production in 2024.

But battery-electric models are not the sole zero-emission technology that Stellantis is working on for the future, even though it currently attracts the most attention from the financial sector. In fact, the automaker's first hydrogen fuel cell vehicles have just been delivered to customers, claiming the title of first light commercial vehicles (LCV) powered by hydrogen to go on sale—actually, not one but two light commercial hydrogen models from Opel and Citroën brands.
A couple of days ago Stellantis' Opel brand, purchased from General Motors in 2017, delivered the first production Vivaro-e Hydrogen panel van, based on the battery-electric Opel Vivaro-e that itself arrived on sale not that long ago. The hydrogen fuel-cell van, delivered to appliance maker Miele in Germany, is powered by a 45-kW fuel cell paired with a 10.5-kWh lithium-ion battery, offering a range of over 248 miles in the WLTP cycle. The Vivaro-e Hydrogen can also be used as an EV in a pinch, allowing its battery to be charged externally, in which case it will offer a battery-only range of 31 miles.

opel vivaro e hydrogen 2021

Two of Stellantis’ brands will offer the hydrogen vans.

It is produced at the same plant is the Citroën version of the van, badged as ë-Jumpy Hydrogen, the first example of which was delivered to the SUEZ Group this month.
"With the new Opel Vivaro-e Hydrogen we are opening the next chapter in our sustainable mobility offensive. The clever concept combines the advantages of hydrogen fuel cell propulsion with the versatility and capabilities of our best-selling light commercial vehicle," said Opel CEO Uwe Hochgeschurtz at the automaker's headquarters in Rüsselsheim, Germany.
Inside, the Vivaro-e and its Citroën twin offer up to 215 cubic-feet of cargo space, or 187 cubic-feet in the shorter-wheelbase version, as well as a 2200-lb payload capacity.
Stellantis' approach to hydrogen fuel-cell vehicles is rare in that it allows the Vivaro-e and hydrogen models the flexibility to recharge themselves as EVs with their 10.5-kWh batteries. By comparison, the more recent hydrogen vehicles that we've seen on sale stateside, including the Honda Clarity Fuel Cell and Toyota Mirai, cannot be recharged at an EV station or at home. The Stellantis vans' plug-in ability should come in handy if it were to run out of hydrogen fuel, though there's a good reason we're seeing hydrogen fuel-cell vehicles marketed to fleets, including this one: Fleet management and predictable daily routes along with a limited geographic area means the vans won't really have a reason to ever leave their comfortable distances from hydrogen fueling stations.

2021 opel vivaro e hydrogen scheme

The vans also feature a fairly large lithium-ion battery in addition to the hydrogen fuel tanks.

"The fuel cell hydrogen solution is now becoming a reality with this first ë-Jumpy Hydrogen coming off the assembly line," said Citroën Product and Strategy Director, Laurence Hansen. "Complementing our electric portfolio, it will give customers a greater driving range (especially on faster roads) and optimize vehicles' usage time thanks to its ultra-fast refueling. All this, while retaining the capabilities and practicality of the vehicle to remain relevant on the LCV market."
Stellantis' hydrogen plans for the US are far more murky at the moment, as this ZEV vehicle type received only minimal mention during the automaker's EV day earlier this summer, with the automaker solely mentioning delivery of the first LCV vans before the end of 2021. Possible plans for the introduction of Stellantis' hydrogen LCVs to the US have not been mentioned to date, as the two models are expected to stay confined to western Europe for now, where efforts to create hydrogen corridors for commercial vehicles between major ports and industrial centers are gaining some momentum.

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Discussion Starter · #72 ·
Amazon and Stellantis Collaborate to Introduce Customer-Centric Connected Experiences
Across Millions of Vehicles, Helping Accelerate Stellantis’ Software Transformation
Amazon and Stellantis will collaborate to deliver software solutions for Stellantis’ new digital
cabin platform, STLA SmartCockpit, starting in 2024

Stellantis selects AWS as its preferred cloud provider for vehicle platforms to deliver on its long-
term, software-focused vision

AWS and Stellantis to launch collaborative engineering and innovation initiatives and tools to
accelerate time to market for new digital products and upskill Stellantis’ global workforce
Amazon to be the first commercial customer for the new Ram ProMaster Battery Electric Vehicle
(BEV) in 2023, further expanding Amazon’s sustainable delivery network

SEATTLE and AMSTERDAM —January 5, 2022—Amazon (NASDAQ: AMZN) and Stellantis N.V.
(NYSE/MTA/Euronext Paris: STLA), a leading global automaker and mobility provider, today
announced a series of global, multi-year agreements that will transform the in-vehicle
experience for millions of Stellantis customers and advance the mobility industry’s transition to a sustainable, software-defined future.

Stellantis will accelerate its shift to becoming a sustainable mobility tech company through this relationship, which involves Amazon Devices, Amazon Web Services (AWS), and Amazon Last
Mile. Stellantis and Amazon will collaborate to deploy Amazon’s technology and software expertise across Stellantis’ organization, including vehicle development, building connected in-vehicle experiences, and training the next generation of automotive software engineers.

Together, the two companies will create a suite of software-based products and services that seamlessly integrate with customers’ digital lives and add value over time through regular over-the-air (OTA) software updates.

“Over the past two decades, Amazon has built the technology, expertise, and culture of
innovation to be a world leader in cloud computing, artificial intelligence, and machine learning.

We’ve used these capabilities to make life better for customers around the world through products and services like Alexa, Kindle, and Fire TV, and with AWS we’ve helped thousands of companies transform themselves and their industries. We’re excited to collaborate with Stellantis to transform the automotive industry and re-invent the in-vehicle experience,” said Andy Jassy, CEO of Amazon. “We are inventing solutions that will help enable Stellantis to accelerate connected and personalized in-vehicle experiences, so that every moment in motion can be smart, safe, and tailored to each occupant. Together, we will create the foundation for Stellantis to transform from a traditional automaker into a global leader in software-driven
development and engineering.”

“Working together with Amazon is an integral part of our capability building roadmap, based on both developing internal competencies and decisive collaborations with tech leaders, and it will bring significant expertise to one of our key technology platforms, STLA SmartCockpit,” said Carlos Tavares, CEO of Stellantis. “By leveraging artificial intelligence and cloud solutions, we will transform our vehicles into personalized living spaces and enhance the overall customer experience, making our vehicles the most wanted, most captivating place to be, even when not driving.”

The collaboration brings together Amazon’s leadership and innovation in digital experiences,
cloud computing, artificial intelligence (AI), and machine learning with Stellantis’ automotive engineering excellence and portfolio of 14 iconic vehicle brands. Stellantis outlined its software strategy during its Software Day program in December 2021.
The collaboration will focus on several areas.

STLA SmartCockpit
Amazon and Stellantis will collaborate to deliver software for STLA SmartCockpit, which will run
in millions of Stellantis vehicles globally starting in 2024. The software-defined platform will
seamlessly integrate with customers’ digital lives to create personalized, intuitive in-vehicle
experiences through AI-enhanced applications for entertainment, Alexa-enabled voice
assistance, navigation, vehicle maintenance, ecommerce marketplaces, and payment services.
The STLA SmartCockpit platform will use Amazon products and solutions that are purpose-built
for vehicles, and Stellantis will have the flexibility to create custom, brand- and vehicle-specific
capabilities. The software will offer curated services and experiences through an app store—all
displayed through an intelligent, adaptive user interface design that presents timely, relevant
information and features suited to each occupant’s individual needs and preferences.
STLA SmartCockpit will adapt to customers’ behaviors and interests, wherever their passions
take them–from the start of a journey at home, on the road, or off. For example, Chrysler
Pacifica vehicles could offer a family-trip planner that recommends media content, points of
interest, restaurants, and other fun stops along the route. Jeep® vehicles could come with a
digital off-road “coach” to help customers calibrate the vehicle and optimize performance
before tackling tough terrain.

Integration with Amazon’s leading smart home and security services will allow customers to
proactively monitor and manage their homes while on the go. Stellantis customers will also be
able to manage their vehicles from their Alexa-enabled devices at home or their Alexa
smartphone app, including using custom Alexa skills to set the in-cabin temperature before
getting into their vehicle, schedule service, or order accessories.
The development work on STLA SmartCockpit will leverage Mobile Drive, the joint venture
formed by Stellantis and Foxconn in 2021, to develop breakthrough digital cockpits and
personalized connected services.

Collaborative Engineering and Innovation
As part of this multi-year engagement, Stellantis has selected AWS as its preferred cloud
provider for vehicle platforms. Together, Stellantis and Amazon plan to build the next
generation of cloud-enabled infrastructure for vehicle platforms, including for STLA

Stellantis plans to migrate its current vehicle data pipeline across its brands and geographies
into a cloud-based data mesh, making use of AWS’ advanced capabilities for scalable and
durable real-time data streaming. By moving to an AWS-powered data mesh, Stellantis
engineers can use the tools and interface that best suit each project. Stellantis also aims to
accelerate the time to market for new digital products that leverage AWS machine learning to
deliver greater personalization and more accurate predictive maintenance.
Both companies are creating a cloud-based product development environment called the
“Virtual Engineering Workbench,” which provides automated workflows to manage software
development and testing, high-performance simulations, machine learning model training, and
data collection and analysis.

Innovation Hubs and Agile-Auto Software and Data Academy
Stellantis recently announced the launch of a Software Academy for the upskilling and reskilling
of existing and new employees. As part of this, Stellantis and AWS also plan to launch a new
global learning curriculum, called the Agile-Auto Software and Data Academy, which will cover
software, data and cloud technology. Stellantis will also train more than 5,000 developers and
engineers by 2024 in AWS-related cloud technologies to accelerate its transformation into a
data-driven enterprise in the cloud.
To further speed development activities and reduce time to market for new capabilities,
Stellantis and AWS will launch a global network of AWS-powered Innovation Hubs where
experts from both companies will innovate using the breadth and depth of AWS cloud services.

Expanding Amazon’s Sustainable Delivery Network
Stellantis has provided tens of thousands of Light Commercial Vehicles (LCVs) to Amazon since
2018 to support its last mile operations in North America and Europe with vehicles including
Ram ProMaster, Fiat Ducato, and Peugeot and Citroën LCVs.
In support of The Climate Pledge and its commitment to be net-zero carbon by 2040, Amazon is
transforming its last-mile operations with new sustainable solutions. As part of a separate
agreement with Stellantis, Amazon will be the first commercial customer for Stellantis’ new Ram
ProMaster Battery Electric Vehicle (BEV) launching in 2023. Stellantis, with input from Amazon,
designed the vehicle with unique last mile delivery features and Amazon will deploy the vehicles
to routes across the United States. Building on the current relationship and as part of the long-
term agreement, Stellantis and Amazon will be putting thousands of BEV ProMasters on the
road every year.

Building from a Strong Foundation
Today’s announcement expands on existing areas of collaboration between Stellantis and
Amazon. Stellantis was the first automaker to integrate the Amazon Fire TV experience with the
release of the all-new 2022 Wagoneer and Grand Wagoneer, and will bring this same in-vehicle
entertainment experience to Jeep Grand Cherokee and Chrysler Pacifica. Stellantis was also the
first automotive OEM to announce plans to implement Alexa Custom Assistant, a solution which
makes it possible to create custom, intelligent AI and voice-driven experiences built on Alexa
technology. Today, Stellantis also offers the Alexa Built-in voice experience in its vehicles around
the world, making it easy to navigate, play music, listen to podcasts and audiobooks, make calls,
manage calendars, hear the news, check the weather, control smart home devices, and more—
just by asking Alexa.

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Discussion Starter · #73 ·
After flying start, Stellantis must tackle Tesla and China

FILE PHOTO: The logo of Stellantis at the entrance of the company's factory in Hordain
Giulio Piovaccari
Mon, January 17, 2022

MILAN (Reuters) - If playing catch up with Tesla is what everyone in the auto industry is about then Stellantis, the company formed from the merger of Fiat Chrysler and Peugeot, has had a good start – its shares have far outpaced its U.S. rival in its inaugural year.
But this is just the first lap.
Fixing its business in China and overcapacity in Europe are just two areas where analysts want to see Stellantis making progress when Chief Executive Carlos Tavares unveils his detailed business plan on March 1.

After all, despite its shares surging more than 60% since their debut on Jan. 18, 2021 - compared with a 27% gain for Tesla's - Stellantis' market value of 59 billion euros ($67 billion) is still just 6% of its U.S. rival's.
A strong first year augurs well, though, with Jefferies analysts saying Tavares has shown vision and ambition with a "sustained stream of strategic initiatives."
Since forging the world's No. 4 carmaker by production, Tavares has mapped out a 30 billion euro electrification strategy, and formed alliances with Amazon and iPhone assembler Foxconn to accelerate development of software and semiconductors for future connected vehicles.
He has also drawn up plans for five battery plants and cut deals with unions to keep streamlining its European operations - side-stepping potential labour conflicts and pushing the company's operating profit margin up to around 10%.
Excluding former Peugeot-controlled parts maker Faurecia, Stellantis' workforce was almost unchanged in the past year at around 300,000 - keeping Tavares' promise not to cut jobs or close plants following the merger.
All this despite facing a semiconductor and supply chain crunch that cost global automakers millions of vehicles in lost production last year and is not expected to ease quickly.
Marco Santino, a partner at management consultants Oliver Wyman, said Tavares was living up to his reputation as a practical man avoiding a "muscular" approach with unions and the outlines of his strategy were in place.
"The path has been mapped out already, it needs to be consolidated," he said. "I don't expect fireworks from his business plan".

But many say more bold action is needed.
Jefferies analysts, for example, say Stellantis' 14 brands - including Jeep, Ram, Citroen, Opel and Maserati - walk "a fine line between differentiation and internal competition."
This at a time when Tesla is leading the industry transition to an electric and software-driven future with a single brand and a highly focused strategy.
Tavares has said every aspect of the group is under the microscope, including its brands, some of which analysts have suggested could be eliminated to save money.
"For the time being, we love them all and you cannot kill what you love," the 63-year old said last year.
"When you love them, you give them a chance," he said, adding each brand would be given 10 years to prove itself profitable.
As the group enters its second year, another long term challenge is reviving its fortunes in China, the world's biggest auto market, where Fiat Chrysler and Peugeot-owner PSA had almost negligible market shares.
"We are now negotiating and changing very many things at core," Tavares has said about his China plans, without giving details.
Jefferies analysts said the company could look to leverage its strong Jeep and Maserati brands there. It could also consider using China as an export base to the rest of Asia, or deepen its ties with Foxconn beyond their current joint venture, they said.
"Luckily for Tavares, he's got time," Oliver Wyman's Santino said. "Investors' focus is on Europe's turnaround at the moment. And on that he is delivering".
($1 = 0.8775 euros)

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26,739 Posts
Discussion Starter · #74 ·
January 19, 2022

Stellantis Celebrates First Anniversary as it Speeds Transformation to Sustainable Mobility Tech Company

Stellantis First Anniversary Feature

  • One fast year as a new company, committed to capturing the new era of mobility opportunities, offering innovative, agile and efficient solutions that will change the way the world moves
  • Building a sound foundation, while delivering impressive H1 results and forming strategic partnerships
  • A bright future ahead: Long-term strategic plan to be announced on March 1, 2022
AMSTERDAM - Born from the bold and visionary spirit of its founding companies, Stellantis N.V. was created to shape the future of mobility with innovative and sustainable solutions. Today, Stellantis marks its first anniversary with a review of the major milestones accomplished during the past 12 months.
“Our industry is entering an exciting new era, fueled by our customers’ ever increasing digital lifestyles,” said Carlos Tavares, CEO of Stellantis. “It is no coincidence that Stellantis was born precisely when our world requires a new kind of spirit, one that supports this human imperative by providing clean, connected, affordable and safe freedom of mobility for all. I’m grateful to every Stellantis employee for their daily contributions to building our common community and achieving greatness as we pave the way for a bright future.”
In the first year, Stellantis started a journey to lead the way the world moves, building its foundation while achieving impressive milestones.
  • Defining the Company’s Purpose - Powered by our diversity, we lead the way the world moves - and Values, pledging to care for the planet, its employees and the communities in which it operates
  • Quickly implementing the operational governance and leadership team that has already demonstrated its efficacy
  • Successfully launching more than 10 new products in 2021 including: Citroën C4, Fiat Pulse, DS 4, DS 9, Jeep® Commander, Grand Cherokee, Grand Cherokee L, Grand Wagoneer, Wagoneer, Maserati MC20, Opel Mokka, Rocks-e and Peugeot 308
  • Planning investments of more than €30 billion through 2025 to execute electrification and software strategies to support the 14 iconic brands and two mobility brands as the Company shifts to becoming a sustainable mobility tech company while building an innovative and powerful ecosystem with strategic partnerships
  • Unveiling an ambitious electrification strategy with 33 electrified vehicles available now, including fuel cell vans, and eight more battery electric vehicles coming in the next 18 months, and building partnerships with Automotive Cells Company, Factorial Energy, LG Energy Solution, Samsung SDI and Vulcan Energy
  • Accelerating its software transformation through game-changing collaborations with Amazon, BMW, Foxconn and Waymo
  • Strengthening global financing operations in the United States, acquiring First Investors Financial Services and partnerships across Europe with BNP Paribas Personal Finance, Crédit Agricole Consumer Finance and Santander Consumer Finance
  • Preparing the long-term strategic plan to be unveiled on March 1
A bright future ahead
“We still have a lot of work ahead of us, but the Stellantis community is well on its way and so the race is on,” said Carlos Tavares. “Stellantis will make the difference in the demanding environment in which we operate. It is our duty, and thanks to our competitive mindset, I am confident that our stars will continue to shine.”
Stellantis’ journey started just 12 months ago with a well-established presence in three powerful regions – Europe, North America and South America – in addition to significant untapped potential in important markets such as China, Africa, the Middle East, Oceania and India. With industrial operations in nearly 30 countries, the Company has the ability to efficiently meet and exceed consumer expectations and deliver vehicles and services of unparalleled quality in more than 130 markets.

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Discussion Starter · #75 ·
Is Stellantis (STLA) Outperforming Other Auto-Tires-Trucks Stocks This Year?

World Black Font Gesture Technology

January 24, 2022

Zacks Equity Research
Mon, January 24, 2022

Investors interested in Auto-Tires-Trucks stocks should always be looking to find the best-performing companies in the group. Stellantis (STLA) is a stock that can certainly grab the attention of many investors, but do its recent returns compare favorably to the sector as a whole? By taking a look at the stock's year-to-date performance in comparison to its Auto-Tires-Trucks peers, we might be able to answer that question.

Stellantis is a member of our Auto-Tires-Trucks group, which includes 126 different companies and currently sits at #9 in the Zacks Sector Rank. The Zacks Sector Rank gauges the strength of our 16 individual sector groups by measuring the average Zacks Rank of the individual stocks within the groups.

The Zacks Rank is a proven model that highlights a variety of stocks with the right characteristics to outperform the market over the next one to three months. The system emphasizes earnings estimate revisions and favors companies with improving earnings outlooks. Stellantis is currently sporting a Zacks Rank of #2 (Buy).
Within the past quarter, the Zacks Consensus Estimate for STLA's full-year earnings has moved 1.8% higher. This shows that analyst sentiment has improved and the company's earnings outlook is stronger.

Based on the latest available data, STLA has gained about 7.9% so far this year. At the same time, Auto-Tires-Trucks stocks have gained an average of 1%. This means that Stellantis is performing better than its sector in terms of year-to-date returns.

Wabash National (WNC) is another Auto-Tires-Trucks stock that has outperformed the sector so far this year. Since the beginning of the year, the stock has returned 1%.
The consensus estimate for Wabash National's current year EPS has increased 19% over the past three months. The stock currently has a Zacks Rank #1 (Strong Buy).

Looking more specifically, Stellantis belongs to the Automotive - Foreign industry, which includes 26 individual stocks and currently sits at #184 in the Zacks Industry Rank. On average, stocks in this group have gained 3.9% this year, meaning that STLA is performing better in terms of year-to-date returns.

In contrast, Wabash National falls under the Automotive - Original Equipment industry. Currently, this industry has 62 stocks and is ranked #176. Since the beginning of the year, the industry has moved -45.3%.
Investors with an interest in Auto-Tires-Trucks stocks should continue to track Stellantis and Wabash National. These stocks will be looking to continue their solid performance.

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Discussion Starter · #76 ·
January 27, 2022

Stellantis Plans to Take Majority Share in Joint Venture with GAC in China

Stellantis logo

  • Change possible thanks to new regulatory framework allowing additional foreign investment in existing JVs, starting from January 2022
  • Stellantis and GAC Group will continue cooperating to develop the Jeep® Brand’s successful business potential in China
  • First key step to rationalize China operations, as part of the Company’s strategic plan to be announced on March 1
AMSTERDAM - Stellantis N.V. today announced the plan to increase its shareholding in GAC-Stellantis from 50% to 75%. The announcement is a key element of Stellantis’ plan to set a new basis for its business in China. GAC Group and Stellantis have agreed to collaboratively complete the relevant formalities of the deal, which remains subject to the approval of the Chinese government.
GAC-Stellantis is a joint venture formed between China Guangzhou Automobile Group Co., Ltd. (GAC Group) and Stellantis in March 2010.
In September 2021, Stellantis announced that it would create a simplified operating organization “Stellantis Jeep” to develop the brand in China. The JV is now fit to support the efficiency of this integrated “One Jeep” strategy in China, focused on the Changsha manufacturing plant, which is currently preparing to launch the Compass model. GAC Group and Stellantis will continue collaborating closely with each other to grow the brand’s profitable business in China.
Additional details on Stellantis’ plan for the Chinese market will be announced within the global strategic plan on March 1, 2022.

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Discussion Starter · #77 ·
Stellantis ready to repay 6.3 billion euro Italy state-backed loan in advance- sources

Stellantis debuts on Milan and Paris stock exchanges

Thu, January 27, 2022

MILAN (Reuters) - Stellantis is preparing to early repay a 6.3 billion euros ($7 billion) loan backed by Italian government its predecessor Fiat Chrysler obtained at the peak of a COVID-19 outbreak, two sources close to the matter said on Thursday.
Repaying the loan potentially frees Stellantis from a set of conditions that Rome attached to it, including preserving jobs at its Italian operations, timely paying suppliers that are crucial for local plants or financing domestic investments, in particular for electric vehicles.
The repayment is imminent, one of the sources said.
The news was initially reported by Bloomberg.

The loan, which carries a three-year maturity, was paid in June 2020 to Fiat Chrysler's (FCA) Italian unit by the country's top lender Intesa Sanpaolo, with credit export agency SACE providing a guarantee on 80% of its amount.
The loan stirred controversy in Italy because Fiat Chrysler, which in recent years has moved its legal headquarters to the Netherlands, was at the time working to merge with French rival PSA, in a deal which included the payment of a large cash dividend to its shareholders.
Rome, however, agreed to back the loan to assure cash to one of the country's largest employers, at a time when the COVID pandemic and consequent lockdown measures had almost completely frozen the automotive market.
The automotive industry in Italy employs 278,000 direct and indirect workers and accounts for 6.2% of the country's gross domestic product, according to data provided by automotive lobby ANFIA.
($1 = 0.8967 euros)
(Refiles for dropped character in headline)
(Reporting by Giulio Piovaccari and Valentina Za; Editing by Bernard Orr)

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Discussion Starter · #78 ·
January 28, 2022

Stellantis Improves 2021 Business Performance in China

DPCA's Engine and  Transmission Manifacturing Plant in Xiangyang, China

  • Dongfeng Peugeot Citroën Automobile achieved turnaround, selling more than 100,000 vehicles
  • Jeep® Wrangler reached historic record in annual sales and Jeep Brand ranked No. 1 in vehicle quality and dependability
  • Significant advancement in independent aftermarket business
AMSTERDAM - In 2021, Stellantis strengthened its business position in China laying a solid foundation for the Company’s long-term expansion.
“Since day one of Stellantis, we analyzed the situation together with our partners and we are now finalizing our plans for China, which we consider as a strategic market in terms of untapped potential,” said Grégoire Olivier, Chief Operating Officer – China, Stellantis.
Dongfeng Peugeot Citroën Automobile Co., Ltd (DPCA), the joint venture formed by Stellantis and China Dongfeng Motor Corporation, sold over 100,000 vehicles in 2021, more than doubling the annual sales volume of 2020. This business performance made 2021 the turnaround year for DPCA. Of the more than 100,000 vehicles, around 9,300 New Energy Vehicles (NEV) were sold, which has made DPCA a net contributor of NEV and CAFC (Corporate Average Fuel Consumption) credits of Stellantis in China. The turnaround allowed significant improvement of DPCA’s financial situation, setting the stage for the new DPCA strategy.
For the Jeep® brand, the iconic Wrangler had record sales in 2021. In addition, the Jeep product lineup was recognized as No. 1 in APEAL and Vehicle Dependability (VDS) and No.2 in Initial Quality (IQS) by JD Power’s study among mainstream brands in China.
In the area of independent aftermarket, after an initial investment in the independent spare parts distributors of Shanghai JianXin and Shandong United Auto Parts (UAP) in 2018, and then Fujian Longstar in 2019, Stellantis has now taken control of UAP, merging the three entities into one integrated national distributor, and creating the fourth largest spare parts distributor in terms of sales turnover in the independent aftermarket business in China. With a 53.5% stake in the newly integrated spare parts distributor, Stellantis has significant growth potential ahead. In 2021, this business had a sales turnover of €176 million in the independent after market in China.
Additional details on Stellantis’ plan for the Chinese market will be announced within the global strategic plan on March 1, 2022.

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Discussion Starter · #79 ·
Stellantis could axe 1,400 jobs in France, say union sources

Rectangle Font Electric blue Pattern Logo

Mon, January 31, 2022

PARIS (Reuters) -Automaker Stellantis could cut up to 1,400 jobs in France this year as it continues to adapt to a changing industry, three union sources said a day before management and unions sit down to discuss pay and employment conditions.

A year after the creation of the giant French-Italian-American automaker, any discussion of job cuts in one territory is closely examined in other countries where it is present for signs of what may come there, too.
The company cut 1,380 jobs, all through voluntary redundancies, in France last year, according to a document seen by Reuters.

The three sources said the company was looking at a similar number for 2022.

"We are looking at the continuation of the same measures this year," one of the sources said. "It should be, again, on average 1,300-1,400 redundancies this year."
The numbers are broadly in line with previous rounds of job cuts at PSA, the French automaker that is now part of Stellantis.

Established automakers face pressure from new competitors such as Tesla and from an expected shift in demand towards electric vehicles (EVs).

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Discussion Starter · #80 ·
Stellantis, unions agree on over 700 voluntary redundancies this year -UILM

MILAN, Feb 3 (Reuters) - Stellantis and unions have agreed to cut 714 jobs at the carmaker's operations in Italy this year through voluntary redundancies, the UILM union said on Thursday.

The deal is similar to one reached by the company in France earlier this week to axe a total of 2,600 jobs via voluntary departures over two years.

The group, which was formed one year ago through the merger of Fiat Chrysler and Peugeot maker PSA, is seeking to reduce excess capacity in Europe and adapt production to an expected shift in demand towards electric vehicles (EVs).

Stellantis currently employs around 55,000 people in Italy.

Voluntary redundancies had been part of an agreement reached by unions and Stellantis last year but many had not happened, UILM said in a statement, resulting in a new agreement for this year. The union added that departing workers would benefit from company-provided incentive schemes and public subsidies.

Gianluca Ficco, UILM's top representative for the automotive sector, said Stellantis would allow workers, where possible, to move internally to make redundancies compatible with production needs.

A Stellantis spokesperson confirmed the information provided by UILM and said the company had no further comment.
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