Tag Archives: Stellantis N.V.

Stellantis Unveils STLA AutoDrive

Posted on 20 February 2025 by Ken Zino

Stellantis (NYSE: STLA) today debuted  STLA AutoDrive 1.0, the Company’s first in-house-developed automated driving system. It claims to deliver Hands-Free and Eyes-Off (SAE Level 3) functionality. STLA AutoDrive is a key to Stellantis’ technology strategy, alongside STLA Brain and STLA Smart Cockpit, by advancing vehicle intelligence, automation and user experience. STLA AutoDrive enables automated driving at speeds up to 60 km/h (37 mph), reducing driver workload in stop-and-go traffic. It’s described as ideal for commuters in dense urban areas since , STLA AutoDrive will allow drivers to temporarily engage in non-driving tasks such as watching a movie, catching up on emails, reading a book or simply looking out the window, reclaiming valuable time. Continue reading →

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Beleaguered Stellantis Cuts 2024 Financial Guidance

Posted on 30 September 2024 by Ken Zino

Stellantis N.V. (NYSE: STLA) today revised its 2024 financial guidance, “reflecting decisions to significantly enlarge remediation actions on North American performance issues, as well as deterioration in global industry dynamics.” Actions include North American shipment declines of more than 200,000 vehicles in the second half of 2024 (up from 100,000 prior guidance), compared to the prior year period, increased incentives on 2024 and older model year vehicles. (Read AutoInformed.com on: Stellantis Tanks in First Half of 2024 – Net Profit -48%)*

“The Company will continue to leverage and expand its competitive differentiators and believes that the recovery actions being put in place will ensure stronger operational and financial performance in 2025 and beyond,” Stellantis said in a terse release. “Deterioration in the global industry backdrop reflects a lower 2024 market forecast than at the beginning of the period, while competitive dynamics have intensified due to both rising industry supply, as well as increased Chinese competition,” Stellantis said. Continue reading →

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Stellantis Repurchases €934M in Shares from Dongfeng

Posted on 22 November 2023 by Ken Zino

“The purchase of Stellantis common shares by Stellantis from Dongfeng was carried out under the authority granted by Stellantis’ general meeting of April 13, 2023. The share repurchase transaction with Dongfeng will not impact Stellantis’ €1.5 billion open-market share repurchase program announced February 22, 2023, which is expected to complete by the end of 2023,” Stellantis said. Continue reading →

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