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Discussion Starter · #81 ·
Stellantis Employees Benefit from Company's 2021 First Full Year Financial Results
  • In all countries where Stellantis is present, employees[1] benefit from the Company’s results in first year
  • €1.9 billion redistributed, €770 million more than the cumulative amount redistributed last year by each of the previous legacy companies, representing 70% increase
  • Company compensation and benefit policy aims to enhance employee commitment through a “pay for performance” approach in a challenging context (pandemic, semi-conductor shortage, etc.)



February 23, 2022 , AMSTERDAM - The creation of Stellantis has brought benefits to the new Company and its employees all over the world. Stellantis’ 2021 full year results allow a redistribution to employees as a recognition of their contribution to the Company’s achievements.

“Employees are the heart of Stellantis. It is thanks to their continued focus on execution and excellence that we were able to achieve record results in our first year as Stellantis,” said Carlos Tavares, Stellantis CEO. “Every Stellantis employee took on an extraordinary task in 2021 of combining two automakers while facing serious external challenges. Our goal is that all employees benefit from the company’s profitable growth. We are pleased to reward and thank our team members for their tireless commitment.”


[1] STELLANTIS NV Automotive division (without JVs, temporary workers)

Stellantis
Stellantis N.V. (NYSE / MTA / Euronext Paris: STLA) is one of the world's leading automakers and a mobility provider. Its storied and iconic brands embody the passion of their visionary founders and today’s customers in their innovative products and services, including Abarth, Alfa Romeo, Chrysler, Citroën, Dodge, DS Automobiles, Fiat, Jeep, Lancia, Maserati, Opel, Peugeot, Ram, Vauxhall, Free2Move and Leasys. Powered by our diversity, we lead the way the world moves – aspiring to become the greatest sustainable mobility tech company, not the biggest, while creating added value for all stakeholders as well as the communities in which it operates. For more information, visit www.stellantis.com.
 

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Discussion Starter · #82 ·
Stellantis Publishes 2021 Annual Report and Files Form 20-F and Provides Calendar of Proposed Dividend Distribution

Stellantis logo

AMSTERDAM – Stellantis N.V. announced today that it published its 2021 Annual Report and filed its 2021 Form 20-F with the United States Securities and Exchange Commission.
Stellantis’ Annual Report and Form 20-F are available under the Investors section of the Stellantis corporate website at www.stellantis.com, where they can be viewed and downloaded1. Shareholders may request a hard copy of these materials, free of charge, through the contact below.
In addition, as announced on February 23, 2022, Stellantis’ Board of Directors intends to recommend to the Company’s shareholders a total distribution from the profits for the year to the holders of common shares of approximately €3.3 billion (approximately US$3.7 billion translated at the exchange rate reported by the European Central Bank on February 22, 2022) corresponding to €1.04 per common share.
The distribution will be subject to the approval by the Annual General Meeting of Shareholders which is scheduled to be held on April 13, 2022. If shareholders approve the proposed distribution, the expected calendar for MTA, Euronext Paris and NYSE will be as follows: (i) ex-date April 19, 2022, (ii) record date April 20, 2022, and (iii) payment date April 29, 2022.

1The 2021 Annual Report and Form 20-F, including information concerning The Netherlands as Home Member State, and the Form 20-F and related exhibits are available on the Company’s website (www.stellantis.com) at Financial Reports | Stellantis.
 

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Discussion Starter · #83 ·
Dare Forward 2030: Stellantis’ Blueprint for Cutting-edge Freedom of Mobility


March 1, 2022 , Amsterdam - Stellantis N.V. today unveiled Dare Forward 2030, its bold strategic plan for the coming decade that will drive Stellantis employees to be ‘second to none’ in value creation for all stakeholders. Stellantis commits to becoming the industry champion in the fight against climate change, reaching carbon net zero emissions by 2038.

Stellantis CEO Carlos Tavares said:

“Dare Forward 2030 inspires us to become so much more than we’ve ever been. We are expanding our vision, breaking the limits and embracing a new mindset, one that seeks to transform all facets of mobility for the betterment of our families, communities and the societies in which we operate.

Powered by our diversity, Stellantis leads the way the world moves by delivering innovative, clean, safe and affordable mobility solutions.

Stellantis will be the industry champion in climate change mitigation, becoming carbon net zero by 2038, with a 50% reduction by 2030. Taking a leadership role in decarbonization, as well as a decisive step forward in the circular economy, is our contribution to a sustainable future.

As part of that leadership, we are setting the course for 100% of sales in Europe and 50% of sales in the United States to be battery-electric vehicles (BEVs) by the end of this decade. We plan to have more than 75 BEVs and reach global annual BEV sales of 5 million vehicles by 2030.

Today, we are thrilled to present the Jeep® brand’s first-ever fully electric SUV launching in early 2023 and a preview of the new Ram 1500 BEV pickup truck arriving in 2024. Our journey is fueled by a focus on innovation and engineering excellence that will put the latest technology into all our vehicles – from the most affordable to the high-performance and luxury – all offered through the extensive product portfolio of our incredible and unique house of brands.

The customer is at the heart of everything we do. We aim to be No. 1 in customer satisfaction for our products and services in every market. We will pay exceptional attention to the full end-to-end experience, working to eliminate any friction throughout the value chain. We will lead the commercial vehicle market with the most efficient portfolio of products and services, bringing exceptional solutions to our professional customers.

We are making Stellantis an extraordinary place to work and a magnet for people with the drive to make customers’ lives better, unleashing our full potential for the digital and electrified future.

We are adding more powerful engines to our strong global operations. Operational excellence, speed of execution and a break-even point of less than 50% of shipments will remain our hallmarks. We will double our net revenues by 2030 and sustain double-digit adjusted operating income margins throughout the decade.

We are proud of our rich history. It shows our grit, perseverance and agility. To this we add the mindset of entrepreneurs to deliver Dare Forward 2030.”

Dare Forward 2030 Key Facts:

FOUNDATION

Diversity, operational excellence, house of iconic brands, and a thoughtful product portfolio are Stellantis’ ‘second to none’ differentiators propelling the company forward.
  • Community of employees spans 170 nationalities across six regions
  • Achieve 100% of the €5 billion annual cash merger synergies target by the end of 2024
  • Maintain break-even point at less than 50% of consolidated shipments
  • Global BEV sales of 5 million units in 2030, reaching 100% of passenger car BEV sales mix in Europe and 50% passenger cars and light-duty trucks in the United States
  • Lead industry with more than 75 BEVs, including the Jeep brand’s first 100% battery-electric SUV launching in early 2023, followed by the Ram ProMaster BEV later in 2023 and the Ram 1500 BEV pickup truck in 2024
  • Specific U.S. product offensive of more than 25 all-new BEVs
  • New car revenues from premium and luxury vehicle segments to increase fourfold
TECH
Stellantis’ ambition is to embrace breakthrough ideas to offer innovative, clean, safe and affordable mobility.
  • Confirm EV Day and Software Day commitments
  • Increase planned battery capacity by 140 gigawatt-hours (GWh) to approximately 400 GWh
  • Expand hydrogen fuel cell technology to large vans in 2024; first U.S. offering in 2025; further expands to heavy-duty trucks
  • With Waymo, pave the way for sustainable “Delivery as a Service”
  • Announce Stellantis Corporate Venture Fund with €300 million initial funding for advanced technologies adoption
CARE
Ethical responsibility is at the core of Stellantis to ensure a sustainable future of mobility for our customers, our employees and our planet.
  • 50% carbon emissions reduction by 2030, compared with 2021 metrics, on the way to carbon net zero by 2038
  • Circular economy “cradle-to-cradle” business unit
  • Target top rankings for customer satisfaction across products and services
  • Women to hold at least 35% of leadership roles
  • Double the number of leaders with profit and loss responsibility
  • Roll out Software and Data and Electric academies to support transformation
VALUE
Stellantis’ ambition is to be ‘second to none’ in value creation for all stakeholders while unleashing an entrepreneurial mindset.
  • Reach one-third of global sales online in 2030; launch a global digital marketplace offering customers a seamless journey through the entire Stellantis galaxy of products and services
  • More autonomy to seven accretive businesses: mobility, financial services, pre-owned cars, aftermarket, data as-a-service, circular economy, commercial vehicles
  • Leadership in commercial vehicle market powered by 26 new launches and electric offerings in all segments, including new Ram 1500 BEV
  • More than 25% of global net revenues coming from regions outside enlarged Europe and North America
  • China: Plan for asset-light business model to reduce fixed costs and limit exposure to geopolitical risk, with net revenues of €20 billion
FINANCIALS
Stellantis will manage the transition period toward electrification while delivering double-digit adjusted operating income (AOI) margins and maximizing shareholder value.
  • Net revenues to double to €300 billion by 2030 while sustaining double-digit AOI margin through the entire plan period
  • Generate more than €20 billion in Industrial Free Cash Flows in 2030
  • Target a 25-30% dividend payout ratio through 2025 and the repurchase of up to 5% of outstanding common shares
 

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Discussion Starter · #84 ·
Tavares: Lack of parts to force end to operations in Russia for Chrysler-parent Stellantis

03/05/2022


Chrysler-parent Stellantis will be forced to end its operations in Russia, according to CEO Carlos Tavares.

The exact timing wasn't made clear, but Tavares cited as factors the disruption to the supply chain and Western sanctions in the wake of the invasion of Ukraine. A company task force is working to monitor the sanctions to ensure compliance, he said.

Tavares said the company's main focus, however, is on the welfare of its employees in both countries.

The company has a plant, which it operates with Mitsubishi, in Kaluga, Russia, southwest of Moscow, producing Peugeot, Citroen and Opel models. A company spokeswoman said the plant was operating on Friday.

Tavares called it a small or marginal piece of the automaker's business. The company also owns the Jeep, Ram, Dodge and Fiat brands, and has facilities around the globe.


"The operations will stop because there is simply no more parts, of course," Tavares told a group of reporters during a virtual meeting.

Other companies, such as Ford, have made formal announcements about their plans to suspend operations in Russia, but Tavares said that he doesn't see the point.


 

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Discussion Starter · #85 ·
Stellantis Donates €1 Million to Ukrainian Refugees and Civilians


March 2, 2022 , Amsterdam - Stellantis N.V., through its Foundation, today commits €1 million in humanitarian aid to support the Ukrainian refugees and civilians displaced by the current crisis. With the support of Stellantis’ head of operations in Ukraine, Stellantis will rely on a local NGO to support Ukrainians in using this fund.

“Stellantis condemns violence and aggression and, in this time of unprecedented pain, our priority is the health and safety of our Ukrainian employees and families,” said Stellantis CEO Carlos Tavares. “An aggression that shook a world order, already unsettled by uncertainty, has been launched. The Stellantis community, made of 170 nationalities, looks with dismay as civilians flee the country. Even if the scale of causalities is not yet apparent, the human toll will be unbearable.”

Stellantis has 71 employees based in Ukraine and immediately put in place a 24/7 dedicated support team to actively monitor their health and safety. At this moment, they are all safe.
 

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Discussion Starter · #86 ·
March 23, 2022

Stellantis Affirms Commitment to Italy with Automotive Cells Company’s (ACC) Planned Battery Plant Investment

  • ACC intends to build a third production site at the Stellantis facility in Termoli, Italy
  • Partners to accelerate ACC development with an objective of at least 120 gigawatt hours of cell capacity by 2030

Termoli ACC


AMSTERDAM, March 23, 2022 – Together with its partners, Stellantis supports Automotive Cells Company’s (ACC) growth plans as it intends to transform Stellantis’ existing Termoli plant in Italy to a new battery facility and finalizes the agreement to add Mercedes-Benz as a new, equal partner with TotalEnergies/Saft and Stellantis.
The partners have also committed to increase ACC’s industrial capacity to at least 120 gigawatt hours (GWh) by 2030 and to scale up development and production of next-generation high-performance battery cells and modules.
“We are grateful to everyone involved in this investment to secure the future of the great community in Termoli,” said Carlos Tavares, Stellantis CEO. “Transforming the existing plant to help support a more sustainable future positions ACC as the European leader in battery manufacturing and reaffirms, thanks to the collaboration with the Ministry of Economic Development, Italy’s role in supporting Stellantis’ transformation to a sustainable mobility tech company.”
As part of the Dare Forward 2030 strategic plan, Stellantis announced plans to have global annual battery electric vehicle sales of five million vehicles by 2030, reaching 100% of passenger car BEV sales mix in Europe and 50% passenger cars and light-duty trucks in the United States. Stellantis also increased planned battery capacity by 140 GWh to approximately 400 GWh, to be supported by five gigafactories together with additional supply contracts.
Automotive Cells Company was founded by Stellantis and TotalEnergies/Saft in August 2020.
The closing is subject to customary closing conditions, including regulatory approvals.
 

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Discussion Starter · #87 ·
French presidential candidates call Stellantis CEO pay 'shocking'

04/15/2022


Paris — French President Emmanuel Macron and his far-right challenger in the French presidential vote, Marine Le Pen, on Friday both criticized as “shocking” the multimillion euro payout to the CEO of carmaker Stellantis NV.

Stellantis CEO Carlos Tavares’ remuneration package of $21.5 million (19.2 million euro) just a year after the company was formed became an issue as Macron and Le Pen campaigned ahead of the April 24 runoff vote.

Both candidates in the French presidential election, far-right Marine Le Pen, left, and incumbent centrist Emmanuel Macron, have spoken out against the pay package of Stellantis NV CEO Carlos Tavares.





That could make him the highest paid automotive CEO in Europe, though it pales to the compensation his American counterparts receive.

Stellantis, formed last year through the merger of PSA Peugeot and Fiat Chrysler Automobiles, sought Friday to defend Tavares’ work in turning around the fortunes of the French carmaker — and his pay package.


Polls show purchasing power and inflation are a top voter concern in France.

Macron, a centrist perceived by many left-wing voters as being too pro-business, called the pay package “astronomical” and pushed for a Europe-wide effort to set ceilings on “abusive” executive pay.

“It’s shocking, it’s excessive,” he said Friday on broadcaster France-Info.

“People can’t have problems with purchasing power, difficulties, the anguish they’re living with, and see these sums. Otherwise, society will explode.”

Far-right leader Marine Le Pen, who enjoys support from many working-class voters, said: “Of course it’s shocking, and it’s even more shocking when it is the CEOs who have pushed their society into difficulty."

“One of the ways to diminish this pay, which is often out of proportion with economic life, is perhaps to allow workers in as shareholders," she said Friday on BFM television.

Stellantis continued to back the package despite a 52.1% to 47.9% vote rejecting it at an annual shareholders' meeting chaired from the Netherlands, where the company is legally based, on Wednesday. The company, citing Dutch civil code, noted that the vote is advisory and not binding.

Stellantis said in a statement that it took note of the vote, and will explain in an upcoming 2022 remuneration report “how this vote has been taken into account.”

In a new statement Friday, the company outlined Tavares’ work in pulling PSA, owner of Peugeot and Citroen, out of “near bankruptcy.”

It said Stellantis’ success “made it possible to redistribute 1.9 billion euros to employees (+70% compared to 2020), i.e. as much as to shareholders.” It said Tavares’ pay is “lower for example than that of GM or Ford, and should be considered in view of the size and performance of the company he heads.”

In the 2021 report, the company identified peer group companies that it used as a salary benchmark, including U.S. companies like Boeing, Exxon Mobile, General Electric as well as carmakers Ford Motor Co. and General Motors Co.

Stellantis, whose brands include Peugeot, Fiat, Jeep, Ram, Opel and Maserati, reported net profits last year had tripled to $15.1 billion.

The French government is the third-largest shareholder in Stellantis, with a 6.15% stake through the Bpifrance Participations S.A. French public investment bank.

 

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Discussion Starter · #88 ·
Wheel Cloud Sky Tire Car


Fiat Topolino Electric (2023): Everything we know

April 15, 2022 2:12 am by Anjan Ravi


According to a report on Automotive News Europe, the Fiat Topolino name will be revived, but the car destined to wear this nameplate is a far cry from the 1930s iconic design. Instead, Fiat plans on selling a version of the Citroen Ami electric quadricycle as the Topolino for the 21st century.
The report states that select Fiat dealers in Italy have already seen the Ami wearing the Fiat badge ahead of a 2023 market launch. This will be the third badge seen on the Ami as Stellantis group company Opel sells a version called the Rocks-e.

Fiat Topolino Design

Tire Vehicle Wheel Automotive side-view mirror Automotive parking light


n 2022, Stellantis plans on making 15,000 units of the Citroen Ami and 5,000 units of the Opel Rocks-e. Image – Stellantis
As far as the design is concerned, the Fiat Topolino should look identical to the Ami save for the Fiat badges and minor changes to select body parts, as seen in our artist’s rendering. Automotive News quotes one dealer saying the Topolino looks “more refined” than the Ami.


In addition, Fiat would also offer a variant with a canvas roof, which would be a fitting tribute to the name since the original Topolino had the option of a convertible with a canvas roof too. This has been represented in our rendering.

Opel and Citroen offer passenger and cargo variants of the Rocks-e and Ami, which could be followed by Fiat for the Topolino. The My Ami Buggy Concept is still a distant dream for the electric off-road enthusiast, which was shown last year as a rugged, off-road compact electric quadricycle.

Interior & Features
Citroen Ami interior dashboardAs per current regulations, the Ami can be driven from ages 14 and up in France and from ages 16 and up in other European countries. Image – Stellantis
The Topolino is expected to mirror its sibling, save for the interior badging, floor mats, and maybe body-colored coordinated plastic trim. Citroen boasts that the Ami features a ride height comparable to other cars despite its compact size. The passenger variant has two seats, which reduces to one in the cargo variant. The passenger cabin is heated in both versions.


Users can store a small bag ahead of the passenger’s foot on the passenger variant. On the cargo variant, the passenger seat makes way for a 260 liter (9.1 cu. ft) compartment. Other features include a panoramic roof, a USB port, and the MyCitroen app, which gives out data such as available range, mileage, time remaining for a 100 percent recharge, and maintenance alerts on the user’s phone. Expect these features to be available in the Electric Fiat Topolino.

Fiat Topolino Specifications (expected)

AspectFigure
Length 94.48 inches
Width54.72 inches
Height59.84 inches
Turning Diameter23.6 ft
Weight1,069.24 lbs
Battery Capacity5.5 kWh
Charging Time3 hours
Power6 kW
Top Speed28 mph
Range47 miles
Price (In France)Around 6,000 EUR ($6,525)
Specifications of the Citroen Ami are used only as a representation. Price & Release Date

We should receive an announcement from Fiat in the second half of the year regarding the launch and availability of the Topolino. Initially, the Topolino could launch in markets that the Ami already serves and those where Fiat has a stronghold, and the price would be in the vicinity of 6,000 EUR.

Fiat Topolino in the U.S.?

Last year, a mobility services company of Stellantis called Free2Move said that they would bring the Citroen Ami to the United States as part of their ride rental and sharing services. The company has already added the electric quadricycle to its fleet in several European cities, including Madrid.

Citroen Ami Cargo version storageWith 47 miles of range, the cargo variant of the Topolino could probably be used by food/grocery delivery aggregators in urban locations in the United States. Image – Stellantis
In January, Citroen showcased the Ami at the CES 2022 (Consumer Electronics Show 2022) in Las Vegas. The Ami is certainly establishing its reputation as an inexpensive solution for individual use and bringing down carbon emissions.


That neatly brings us to whether the future Fiat Topolino would be considered for the United States. The Topolino name is also familiar to Americans. Either well-maintained examples fetch around $20,000, or enthusiasts modify old Topolinos in tune with the hot-rod culture.

In addition, Fiat has a history in the country, and it has also sold ‘fun’ and youthful cars like the 500 series. This could be a perfect opportunity for Stellantis to leverage those aspects of the brand and offer the Topolino to young Americans living in busy cities looking for a safer alternative to a scooter.

 

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Discussion Starter · #89 ·
April 14, 2022

Stellantis and Qualcomm Collaborate to Power New Vehicle Platforms with Snapdragon Digital Chassis Solutions

Stellantis Qualcomm collaborate

Snapdragon® Automotive Platforms to Provide High Performance Compute Power and Capabilities to STLA Brain and STLA SmartCockpit Technology Platforms Beginning in 2024
Multi-Year Agreement to be Deployed Across 14 Iconic Stellantis Brands, Delivering Rich In-Vehicle Experiences to Millions of Vehicles, Starting with Maserati

PARIS, AMSTERDAM – Stellantis N.V. and Qualcomm Technologies, Inc. today announced a multi-year technology collaboration to utilize the latest Snapdragon® Digital Chassis advancements to deliver intelligent, customizable and immersive in-vehicle experiences to millions of vehicles across Stellantis’ 14 iconic automotive brands beginning in 2024. Leveraging the Snapdragon® Cockpit Platforms and 5G capabilities for telematics systems, Stellantis will have the capability to meet customers’ evolving expectations for personalized and cutting-edge experiences that are continually upgradeable.

This agreement will facilitate Stellantis’ plan to merge all software domains into High Performance Computers, leveraging the high-performance, low-power Snapdragon Automotive Platforms across all major vehicle domains as well as contribute to securing Stellantis’ supply chain on strategic components.

“Our technology collaboration with Qualcomm Technologies is another example of how we are identifying industry leaders to work alongside our passionate and talented internal teams as we transform our vehicles through a software-defined approach. This will ultimately better meet the needs of our customers’ lifestyles through safe, personalized, and always-connected features,” said Carlos Tavares, Stellantis CEO. “Qualcomm Technologies’ broad experience in automotive and scale as a semiconductor leader will enable us to vertically integrate key elements of our new platforms and more closely manage the complete electronics supply chain to provide access to the best technologies, enable the fulfillment of Stellantis’ volume potential and achieve our Dare Forward 2030 ambition.”

“Qualcomm is honored to expand our work with Stellantis to redefine vehicles in the 21st century by bringing Snapdragon Digital Chassis solutions to their future vehicles,” said Cristiano Amon, President and CEO, Qualcomm Incorporated. “By creating open, scalable, and comprehensive automotive platforms that encompass semiconductors, systems, software, and services, we are empowering Stellantis, as well as the broader automotive ecosystem, to lead the transformation to the digital era of automobiles.”

Taking the driver-vehicle relationship to the next level, Stellantis will use next-generation Snapdragon Cockpit Platforms to power the in-car communication and infotainment systems for STLA SmartCockpit, which is being designed and engineered together with Amazon and Foxconn. Snapdragon Cockpit Platforms are not only engineered to deliver high-definition graphics to touch and voice-controlled cockpit console, but to also deliver a fully immersive in-cabin experience, enabling premium audio and crystal-clear voice communications throughout the vehicle’s cabin.

Snapdragon Cockpit Platforms will also be used to enhance STLA Brain, bringing a new level of digital intelligence for convenience and safety, and helping to enhance the in-vehicle personal assistant capabilities with highly intuitive artificial intelligence (AI) features, which include:
  • Over-the-air (OTA) updates that will allow the vehicle to naturally evolve and improve over time by being constantly updated, upgraded and enhanced, as well as features on demand and instant vehicle upgrades, such as additional horsepower or drive modes
  • Personalized experiences, leveraging AI to adapt to a wide variety of customer preferences
  • Improved user experiences, thanks to faster communication with connected features and higher computation power to support future upgrades
  • Continuous exciting new services and solutions
  • Always-connected experiences
  • Improved ownership experiences with diagnostics and repair completed over the air for all major vehicle systems
The first application will be in the Maserati brand to power the next generation Stellantis infotainment system.
 

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Discussion Starter · #90 ·
April 13, 2022

Results of Stellantis’ 2022 Annual General Meeting

Stellantis Logo

AMSTERDAM – Stellantis N.V. (“Stellantis”) announced today that all resolutions submitted to the shareholders for approval at the Annual General Meeting of Shareholders (AGM) held virtually today and broadcast live via Stellantis’ website were adopted, including the proposal to approve a EUR 3.3 billion dividend distribution on common shares.
The proposed distribution entails a payment to the holders of common shares of EUR 1.04 per outstanding common share. Shareholders holding common shares traded on the NYSE will receive the dividend in U.S. dollars at the official USD/EUR exchange rate reported by the European Central Bank as of today. The distribution will be paid out from the profits shown in the 2021 Annual Accounts. The expected calendar for the common shares listed on the New York Stock Exchange, Mercato Telematico Azionario and Euronext France will be as follows: (i) ex-date April 19, 2022, (ii) record date April 20, 2022, and (iii) payment date April 29, 2022.
The Company takes note of the feedback resulting from the advisory vote on the Remuneration Report in accordance with Dutch regulation on AGMs, which was in favor for 47.9% and against for 52.1% and will explain in the 2022 Remuneration Report how this vote has been taken into account.
Details of the resolutions submitted to the AGM are available on the Company’s corporate website (www.stellantis.com).
 

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Discussion Starter · #91 ·
Driving Toward A New Era Of Sustainable Mobility

April 22, 2022 – It is no coincidence that Stellantis was born precisely when our world requires a new kind of automotive company, one that can scale positive change through sustainable products and innovative services.
To tackle global warming, our planet needs innovation and collaboration. Stellantis heard the call and is ready to achieve Carbon Net Zero by 2038 from well to wheel and throughout the entire supply chain, becoming the industry champion in climate change mitigation. We set our path to cut our carbon emissions in half by 2030, compared to our 2021 levels.

The climate crisis requires collective action and innovative approaches. As a global sustainable mobility tech company, we have the capacity, the ingenuity and the desire to play a leading role in tackling one of the most urgent challenges of our time.



Intensified Electrification Strategy








Rendering of the ACC plant in Douvrin, France

The €30 billion in investment planned through 2025 to support our electrification and software strategies focuses the right amount of investment on the right technology to reach the market at the right time.
In our first year, we accelerated the commercial momentum of our low emission vehicles (LEV), leveraging the existing portfolio of 34 LEV models including hydrogen fuel cell mid-sized vans. In 2021, global LEV sales reached 388,000 units, up 160% year-on-year with a number one position for battery electric van sales in the EU30.

Ensuring battery supply is also vital to our collective future, which is why Stellantis, TotalEnergies and Mercedes-Benz are accelerating battery development through Automotive Cells Company (ACC) to achieve at least 120 gigawatt-hours (GWh) of cell capacity by 2030. ACC’s objective is to develop and produce battery cells and modules for electric vehicles with a focus on safety, performance and competitiveness, while ensuring the highest level of quality and the lowest carbon footprint.

With the ACC facilities in Kaiserslautern, Germany, Douvrin, France, and Termoli, Italy, we will rely on a total of three battery production factories in Europe. Two additional facilities are also planned for North America through the joint ventures announced with LG Energy Solution and Samsung SDI, one in Windsor, Canada and the other at a future site in the United States.

In the meantime, the assembly plant at Ellesmere Port, United Kingdom, will become the first Stellantis factory dedicated to battery electric light commercial vehicles (LCVs) and passenger car models for our Vauxhall, Opel, Peugeot and Citroën brands. The site will be transformed with a new body shop, upgraded general assembly and creation of an on-site battery pack assembly operation, and aims to be completely self-sufficient for electricity as the result of its wind and solar farm projects.

Building on our position as leader in the LCV market in Europe, we will contribute to reduced CO2 emissions in city centers through all-electric versions of our van models and significant investment in hydrogen fuel-cell technology. We recently launched three new hydrogen fuel-cell vans in the European market through our Citroën, Peugeot and Opel brands. This technology offers our fleet customers zero-emission vehicles capable of going anywhere without the delays associated with recharging.



Iconic Brands And Electrifying Products

New Fiat 500







Jeep Wrangler Rubicon 4xe

Customers are always at the center of what we do. That’s why our goal is to offer iconic vehicles that have the performance, capability, style, comfort and electric range that fit seamlessly into their daily lives.
Affordability is also a priority, and we are targeting for the total cost of ownership of our electric vehicles to be equivalent to internal combustion engine vehicles by 2026.

The new Citroën Ami and Opel Rocks-e are prime examples of how we intend to shape the future of transportation with innovative and sustainable products. Stylish mobility devices with zero tailpipe emissions enabling free access to increasingly restricted city centers and offer an ideal solution to the everyday mobility needs of our customers.

The Fiat New 500, the all-electric evolution of our iconic city-car, offers more space and high levels of technology through a re-imagined design. This vehicle offers the best possible range, charging and driving experience while inspiring change through its timeless popularity.

We also recently unveiled the first-ever fully electric Jeep SUV to support its worldwide quest toward Zero Emission Freedom. This new model will launch during the first half of 2023 and is the first of a comprehensive fully electric Jeep lineup that will cover every SUV segment by 2025.

Our much-anticipated fully electric Ram 1500 pickup is coming to the market in 2024, and it will outperform all competitors on the attributes customers care most about: range, towing, payload, and charge time. It is built on top of our new STLA Frame architecture, designed specifically for full-size electric vehicles. And Ram will continue delivering fully electrified solutions in the majority of its segments by 2025, and a full portfolio of electrified solutions for all of its segments no later than 2030.

These are just a few examples from our wide range of models, demonstrating that at Stellantis electrification is not a “one size fits all” strategy.



Customer-Centric Services

The sustainable mobility changeover is dependent on the availability of integrated products and services. It needs to be supported by a comprehensive network of public and home-based charging stations, reuse and reduction of raw materials and development of a smart electricity grid for successful decarbonization of the economy.

We must change our consumption modes, and the way we design our products.
Free2move eSolutions has a key role to play in this area. As a new mobility tech company – created through a joint venture between Stellantis and NHOA – Free2move eSolutions offers innovative solutions to support both private and business customers in their transition to electric mobility in major European and North American cities.








Citroën Ami

Its activities include development of the “Atlante” project, which is set to be the largest European fast charging network for electric vehicles, fully integrated with the grid. The network will be powered by energy from renewable sources and storage systems, with some 5,000 fast charging points in place by 2025 and more than 35,000 by 2030.

Through the ALL-e Package, a fully digital monthly subscription service, Free2move eSolutions offers customers a 360-degree charging solution, enabling them to charge at home or on the streets. It manages battery promoting reuse of materials like lithium, nickel, copper and cobalt to avoid further environmental damage through mining. It is also working on the introduction of advanced energy services such as the Vehicle-to-Grid (V2G) technology currently in development through a pilot project at our Mirafiori complex in Italy. Intelligent energy exchange with the national power grid will, among other benefits, offer customers the opportunity to optimize the operating cost of their vehicle.

We will also expand our circular economy activities, developing a comprehensive, 360-degree business based on the traditional 4Rs – repair, reuse, reman and recycle. It will be an independent business unit that will bring up to €2 billion in revenue by 2030. An effort that will be extended to our manufacturing facilities.



Beyond The Vehicle








La Pista 500 and the New (500)RED

Naturally, our carbon neutrality approach also extends to our plants and facilities to reduce carbon emissions and minimize impact on climate change.

In 2017, we inaugurated the Carbon Neutral Program in Brazil, aiming to measure, reduce and offset the annual greenhouse gas (GHG) emissions produced from the daily activities of our local plants. The assembly plant in Goiana, Brazil, was the first automotive plant in Latin America to neutralize its emissions and obtain a Carbon Neutral certificate. Neutrality was achieved through the use of fully renewable electricity and cleaner fuels, as well as planting tree seedlings, recovering environmentally degraded areas and raising awareness among our suppliers. In 2020, the Campo Largo and Betim engine plants, the Jaboatão dos Guararapes component plant, and the Betim and Hortolândia parts distribution centers also obtained carbon neutral certification.

An additional example of our responsible approach was applied to our plant in Zaragoza, Spain, where the all-electric Opel Corsa-e is produced. The plant has an 8,640-kilowatt photovoltaic park with 19,200 solar panels on an area of more than 87,000 square meters. This “solar factory” supplies 15% of the plant’s annual consumption needs, contributing to decarbonizing the production process through generation of its own clean energy.

On the historic Lingotto test track in Turin, Italy, we opened “Pista 500,” the largest hanging garden in Europe with more than 40,000 plants. Once an inaccessible area, the “Pista 500” is now a garden open to all, a place that underlines Stellantis’ attention to local community as well as global climate.
Our pledge toward a decarbonized world is in action. We’re continuously expanding the frontiers of our know-how, innovation and technology to shape tomorrow’s mobility solutions, rethink our global footprint and protect our communities worldwide.
 

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Discussion Starter · #92 ·
April 22, 2022

Stellantis Strengthens Hydrogen Fuel Cell Vehicle Leadership Team

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  • Jean-Michel Billig named Chief Technology Officer for hydrogen fuel cell development
  • Opel Brand CEO Uwe Hochgeschurtz takes on additional responsibility to pilot commercialization of hydrogen fuel cell vehicles worldwide
AMSTERDAM – Stellantis N.V. is pleased to announce that Jean-Michel Billig, former Naval Group executive, will join Stellantis as Chief Technology Officer for hydrogen fuel cell vehicle development, effective June 27, 2022. Stellantis also announced that Opel Brand CEO Uwe Hochgeschurtz will take on the additional role of piloting commercialization of hydrogen fuel cell vehicles worldwide.

“Jean-Michel’s broad spectrum of experiences in aircraft, aerospace, automotive and naval industries will contribute to bringing additional ideas to boost Stellantis’ ambition in hydrogen fuel cell sales and address the widest range of zero emission mobility requirements,” said Carlos Tavares, Stellantis CEO. “Having Jean-Michel and Uwe in these complementary roles illustrates our commitment to enhancing our leadership in hydrogen fuel cell technology and reaching the ambitious sustainability goals of our Dare Forward 2030 strategic plan.”

Jean-Michel Billig started his career in 1988 at Aerospatiale in the Helicopter Division then moved to Schlumberger Industries. In 1995, he joined Aerospatiale as Marketing Director for the Americas. In 1998, he moved to Airbus where he successively managed, Avionic Equipment Purchasing, Systems Engineering and became CTO at Eurocopter. In 2012, he was appointed EVP Engineering, Quality and IS of Renault Group. In 2015, he joined Zodiac Aerospace as CEO Zodiac Seats, then in 2017 joined Naval Group as EVP of the Australian Future Submarine Program. Billig will report to Harald Wester, Chief Engineering Officer and functionally to Ned Curic, Chief Technology Officer.

Uwe Hochgeschurtz will add this new role to his current position as Opel Brand CEO since September 2021. He will lead a dedicated team to strengthening the Company’s commercial offensive with specific focus on European market initially.

Late last year, Stellantis began customer deliveries of its efficient Hydrogen Fuel Cell Zero Emission solution that combines the advantages of hydrogen fuel cells and electric battery technology in a fuel cell electric vehicle. This solution is particularly suited to the needs of light commercial vehicle customers requiring long-range, fast refueling and zero-emissions, all without compromising payload capacity.
 

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An Inclusive Approach to Recruiting and Developing Diverse STEM Talent
  • Stellantis named among top companies recruiting and developing Indigenous STEM professionals by Winds of Change magazine
  • Third consecutive year company has been included on this prestigious list
  • Company’s commitment to recruiting and engaging diverse talent central to its customer-centered business strategy



May 3, 2022 , Auburn Hills, Mich. - The editors of Winds of Change magazine have named Stellantis to the publication’s 2022 list of top 50 companies providing career and development opportunities for Indigenous STEM (science, technology, engineering and math) professionals in North America.

Stellantis was also included on this leadership list in 2020 and 2021.

Winds of Change magazine is produced by the American Indian Science and Engineering Society, a national nonprofit organization focused on “substantially increasing the representation of Indigenous peoples of North America in STEM studies and careers.”

“Our commitment to recruiting and developing diverse talent is central to our business strategy to design innovative products that delight and inspire our customers,” said Lottie Holland, director – diversity, inclusion, engagement and EEO compliance, Stellantis – North America. “We are especially proud of our ICON Business Resource Group for enhancing our company’s reputation as a strong career destination for talented Indigenous technical professionals and for spreading awareness of Native cultures throughout our company.”

The ICON (Indigenous Cultural Opportunity Network) is one of 11 employee-directed Business Resource Group at the company that support networking, career development and community service of employee members.

These groups also support the company’s efforts to attract diverse talent, pursue strategic projects within the company and in the community, and promote awareness of cultural differences among employees.

For instance, ICON members and allies benefit from programming open to all employees that want to learn more about Native cultures. Some of the recent program offerings included beading and basket weaving workshops, book club discussions on Indigenous topics or titles written by Indigenous and authors, managing a native plant garden at the company’s Auburn Hills complex, and health and wellness activities supporting charitable giving to Native causes.

“We are very proud that our company is consistently recognized for supporting a work culture that is respectful and inclusive of Indigenous people,” said Kaitlyn Mulkey, Jeep brand tribal relations, president of the ICON Business Resource Group and citizen of the Navajo Nation. “This is an outstanding acknowledgement of our company’s achievements in recruiting and retaining diverse technical talent, and to be relevant to indigenous employees, communities and customers.”

Stellantis recently launched two new leadership development programs focused on developing talented Black and multicultural employees for future leadership opportunities with the company.

The programs, called BLAC (Black Leaders Advancement Collective) and LEAD (Leaders Embracing All Diversity), are modeled after the company’s award-winning Women’s Leadership Experience development program for high-potential women employees.

The Winds of Change 2022 Top 50 Companies list will appear in the publication’s spring issue.

Stellantis North America
Stellantis (NYSE: STLA) is one of the world’s leading automakers and a mobility provider. In North America, it's best known for producing and selling vehicles in a portfolio of iconic and award-winning brands such as Jeep®, Chrysler, Dodge, Ram, Alfa Romeo and Fiat. Powered by its diversity, Stellantis leads the way the region and the world move – aspiring to become the greatest sustainable mobility tech company, not the biggest, while creating added value for all stakeholders as well as the communities in which it operates. For more information, visit www.stellantis.com.
 

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Stellantis buys car-sharing business as BMW, Mercedes take different route

Motor vehicle Line Font Gas Facade


Stellantis has agreed to buy the Share Now car sharing business from BMW and Mercedes-Benz as the two German groups focus more on the software part of their mobility alliance.


Formed last year through the merger of Fiat Chrysler and Peugeot maker PSA, Stellantis wants to become a global leader in car-sharing, using this acquisition announced on Tuesday to expand its existing business in the area.


The deal reflects different approaches by carmakers who are trying to tap new sources of revenues beyond selling vehicles, most notably in the developing area of mobility services.


“We think this reinforces our belief that premium OEMs (manufacturers) like BMW and Mercedes will focus on private car ownership and less on fleet services,” Royal Bank of Canada analyst Tom Narayan said.


“Conversely, it makes sense that volume players like Stellantis are pursuing these alternative revenue streams.”


No financial details were provided for the transaction.


Italian daily la Repubblica said it was worth around 100 million euros ($105 million).


By selling the division, BMW and Mercedes-Benz will focus on the two remaining parts of their mobility cooperation: Free Now, an app that enables the booking of cars, taxis, e-scooters and e-bikes, and the charging infrastructure booking app Charge Now.

 

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May 5, 2022
First Quarter 2022 Shipments and Revenues
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Stellantis Reports 12% Increase in Q1 2022 Net Revenues
Full-Year Guidance Confirmed

• Net revenues of €41.5 billion, up 12% compared to €37.0 billion for Q1 2021 Pro Forma(1) reflecting strong pricing and vehicle mix, as well as favorable FX translation effects
• Consolidated shipments(2) of 1,374 thousand units, down 12% primarily due to impact of unfilled semiconductor orders
• Total new vehicle inventory of 807 thousand units at March 31, 2022, broadly in line with December 31, 2021; Company inventory of 179 thousand units
• Ordinary dividend of €1.04 per share approved at AGM and paid to shareholders in April 2022
All comparisons are to Q1 2021 Pro Forma(1)

“Q1 Net revenues were up 12% thanks to strong net pricing, favorable vehicle mix and positive FX translation effects, while shipments were down 12%. Our full-year guidance for double-digit Adjusted operating income(3) margins and positive cash-flow is confirmed, despite supply and inflationary headwinds, as good product momentum and strategic partnerships continue to pave the way.”
Richard Palmer, CFO

AMSTERDAM - Today’s results, driven by our successful product and technology offensive, demonstrate the ability of Stellantis to overcome the prevailing headwinds, while also executing Dare Forward 2030, a bold strategic plan for the coming decade.
Stellantis’ Q1 2022 revenues indicate the strength of fresh products including Jeep Grand Cherokee L and Wagoneer/Grand Wagoneer for North America; DS4, Fiat New 500, Opel Mokka, and the light commercial vehicles range for Enlarged Europe; Jeep Grand Cherokee, Peugeot 3008 and Citroën C4 for Middle East & Africa; while Fiat Pulse, Jeep Compass, Peugeot 208 and Fiat Cronos strongly contributed to South America market leadership(5). Meanwhile, Stellantis low emission vehicles(6) product momentum continues, leading to Enlarged Europe BEV(7) sales being up more than 50% year-over-year.
The Company also made important progress towards its planned battery capacity of 400 GWh by 2030 by executing strategic partnerships during Q1 2022 with LG Energy Solution and Automotive Cells Company (ACC) that will respectively bring the first large scale lithium-ion battery manufacturing plant to Canada (Windsor) and a new battery facility to the Termoli (Italy) plant. In another key area of the Dare Forward 2030 plan, which sets a steadfast course towards a sustainable future, Stellantis entered into strategic partnerships with Amazon and Foxconn as part of the software defined push.

Financial Calendar:

H1 2022 - Full Financial Results - July 28, 2022
Q3 2022 - Shipments and Revenues - November 3, 2022
On May 5, 2022 at 1:00 p.m. CEST / 7:00 a.m. EDT, a live audio webcast and conference call will be held to present Stellantis’ First Quarter 2022 Shipments and Revenues. The audio webcast and recorded replay will be accessible under the Investors section of the Stellantis corporate website at www.stellantis.com. The presentation material is expected to be posted under the Investors section of the Stellantis corporate website at approximately 8:00 a.m. CEST / 2:00 a.m. EDT on May 5, 2022.
See Downloads for full version of press release

About Stellantis
Stellantis N.V. (NYSE / MTA / Euronext Paris: STLA) is one of the world’s leading automakers and a mobility provider. Its storied and iconic brands embody the passion of their visionary founders and today’s customers in their innovative products and services, including Abarth, Alfa Romeo, Chrysler, Citroën, Dodge, DS Automobiles, Fiat, Jeep®, Lancia, Maserati, Opel, Peugeot, Ram, Vauxhall, Free2move and Leasys. Powered by our diversity, we lead the way the world moves – aspiring to become the greatest sustainable mobility tech company, not the biggest, while creating added value for all stakeholders as well as the communities in which it operates. For more information, visit www.stellantis.com




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