Stellantis Investor Day focusing on software

Stellantis financials - earnings - dollars

Stellantis has begun its first Investor Day, focusing on software, which can yield profits throughout the ownership of a vehicle. The company said that global software revenue had already grown to 2.5 times its prior figure within three years; nearly 14 million vehicles can be monetized. In 2023, the company topped five million users of … Read more

STLA reports gains in EU

Stellantis infographic

Stellantis has reported gains in Europe (EU29) for the first four months of 2024, claiming a market share of 18.8%. The company does especially well in France, unsurprisingly, and in commercial vans, which has a market share of “nearly 30%” after a sales increase of 11%. Jeep, Peugeot, and Vauxhall have grown in the UK. … Read more

Stellantis global sales down, but profits still high

Stellantis financials - earnings - dollars

Stellantis reported that global sales of 1.3 million vehicles, down by 10% “reflecting … actions… to prepare for [a] new product wave in H2 2024.” Battery-electric rose by 8% and low-emissions vehicles sales rose by 13% compared with Q1 2023.  The company approved an ordinary dividend of €1.55 per share to be paid next week, and reiterated a €3 billion share buyback scheme.

The €3 billion in share buybacks come as Stellantis has been laying off workers in France, Italy, and North America;

Wagoneer, Grand Wagoneer vs the competitors: One surprise

2022 grand wagoneer seats

The Jeep Wagoneer may be a high-end, full-size truck, but its main competition remains the big Ford, GM, and Toyota wagons. The class leader remains the Chevy/GMC Tahoe, Suburban, and Yukon/Yukon XL, which have dominated full size SUV sales since, well, the original “SJ” Wagoneer was still in production. The GM SUVs are not just stalwarts due to age or old reputation; they have remained quite reliable and durable through the past decades, with no major failures and gaffes. Beating them is likely impossible—it would take help from GM, which GM is not likely to give. Sales of these in Q1 2024 were…

STLA did well in Europe

Stellantis financials - earnings - dollars

Stellantis did wel lin Europe in the first quarter of 2024, with a 5.4% sales increase and market share rising from 18.3% to 19.2% for the quarter. Stellantis also has a 30% total share on commercial vans, and 14% on battery-electrics—despite its CEO’s frequent litany of complaints about electric cars.  Electric car sales rose by … Read more