Abarth

Castle Automotive Group Completes 2 Massive Acquisitions: Naperville Chrysler Jeep Dodge Ram & Gary Lang Auto Group (Kia, Subaru, Chevrolet, Cadillac, Buick, GMC, Mitsubishi)

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Friday, September 30, 2022
Car, Peugeot, CDJR, VP, Volkswagen, OAK, Ram, Gasoline, Fiat, DS, Subaru of America, Trust, Sale, Kia, Mopar, Opel, Acquisition, Vauxhall, Ford Motor Company, Fiat Professional, Jeep, Industry, GMC, Buick, CEO, DSMC, General Motors, Chrysler, Solution, Lincoln, Leadership, Sport utility vehicle, Insurance, Alfa Romeo, Dodge, EV, CAG, GLOBE, RAM, Maserati, OE, NBA, Pleasure, Lancia, Mitsubishi, Motor vehicle, Cadillac, Stellantis, Abarth, Subaru

OAK BROOK, Ill., Sept. 30, 2022 (GLOBE NEWSWIRE) -- Castle Automotive Group (CAG), a growing automotive retailer with corporate headquarters in Oakbrook Terrace, IL, has completed two transactions this year with the acquisition of Naperville Chrysler Dodge Jeep Ram and Gary Lang Auto Group in McHenry.

Key Points: 
  • OAK BROOK, Ill., Sept. 30, 2022 (GLOBE NEWSWIRE) -- Castle Automotive Group (CAG), a growing automotive retailer with corporate headquarters in Oakbrook Terrace, IL, has completed two transactions this year with the acquisition of Naperville Chrysler Dodge Jeep Ram and Gary Lang Auto Group in McHenry.
  • "First of all, I would like to say thank you and congratulations to Ed Burke, President of Naperville CDJR and Gary Lang, President of Gary Lang Auto Group.
  • -Joe Castle, CEO of Castle Automotive Group
    Stellantis N.V. is a multinational automotive manufacturing corporation formed in 2021.
  • Castle Automotive Group (CAG) currently owns 10 locations throughout Illinois and Northwest Indiana representing Domestic, Asian, and Germain brands.

Stellantis Celebrates 7 Million Vehicles Built at Europe’s Largest Light Commercial Vehicles Plant

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Tuesday, September 27, 2022
Dare, Peugeot, Fiat Professional, BEV, PSA, LCV, Ram, FCA, Fiat, DS Automobiles, NYSE, Sale, Jumper, Opel, Company, Toyota Motor Europe, Partnership, Car, Toyota, Chrysler, Commercial vehicle, Alfa Romeo, Dodge, STLA, Abarth, Maserati, TME, Lancia, Motor vehicle, Renewable energy, Stellantis, Wesley Leasy

, after 40 years of activity, celebrates the seven millionth vehicle built today at the Sevel plant in Atessa, Italy, Europes largest light commercial vehicles (LCV) plant.

Key Points: 
  • , after 40 years of activity, celebrates the seven millionth vehicle built today at the Sevel plant in Atessa, Italy, Europes largest light commercial vehicles (LCV) plant.
  • The team at Sevel is contributing daily to helping us achieve our target to be the undisputed commercial vehicles market leader, said Uwe Hochgeschurtz, Stellantis Chief Operating Officer, Enlarged Europe.
  • For the first half of 2022, Stellantis was the commercial vehicles market leader in the EU30(2) and South America, with 33.2% and 30.7% share, respectively.
  • It is the largest and most flexible light commercial vehicles plant in Europe capable of producing vehicles in a large array of configurations.

Stellantis Builds Global Network of Collaborative Projects to Foster Innovation Worldwide

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Monday, September 26, 2022
Dare, Peugeot, University, Carbon, Electrification, Ram, Fiat, Machine learning, DS Automobiles, Body, ODIN, NYSE, Opel, Company, Material, Car, Big data, Running, Technology, Chrysler, Goal, Solution, Life, Alfa Romeo, Dodge, STLA, Research, Efficiency, Abarth, Maserati, R, Autonomy, Bev Facey Community High School, Lancia, Renewable energy, Creative industries, Stellantis, Leasi Papali'i Tommy Scanlan

These projects can combine private and public funding, bringing together the expertise of Stellantis' extensive technical community and top-tier institutions with their highly skilled talent, to seek solutions to the most-challenging issues in global mobility.

Key Points: 
  • These projects can combine private and public funding, bringing together the expertise of Stellantis' extensive technical community and top-tier institutions with their highly skilled talent, to seek solutions to the most-challenging issues in global mobility.
  • Together, Stellantis and its unprecedented collaborations are building the common roadmap to cutting-edge freedom of mobility.
  • Stellantis teams from Brazil, Canada, France, Germany, Italy, Portugal and Spain are working in cooperation with other stakeholders on common and harmonized goals.
  • The roster of global collaborative projects is aligned with Stellantis' strategic technical domains, which include:
    Examples of current collaborative projects:
    Hi-Drive (Autonomous driving and connectivity): Bringing together automakers, technology suppliers, universities and research institutes, Hi-Drive is the leading European project on automated driving.

Stellantis Invests in Italian Industrial Footprint Transformation to Develop Sustainable Activity

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Tuesday, September 20, 2022
Dare, Peugeot, BEV, Carbon, Ram, Fiat, NYSE, Trade, DS Automobiles, Opel, Company, ACC, Industry, Assembly, Car, Piedmont, Chrysler, PHEV, Remanence, Solution, Municipality, Alfa Romeo, STLA, Dodge, Heart, Association, Abarth, Maserati, Lancia, Renewable energy, Rail transport, Recycling, Fiat Mirafiori, Stellantis, Leasi Papali'i Tommy Scanlan

today announced two additional major initiatives within its Italian industrial footprint aimed at further driving the Companys transformation of its global electrification value chain and supporting its aggressive decarbonization targets.

Key Points: 
  • today announced two additional major initiatives within its Italian industrial footprint aimed at further driving the Companys transformation of its global electrification value chain and supporting its aggressive decarbonization targets.
  • The upgraded facility, developed within the Mirafiori Complex in Turin, Italy, will complement the existing capacity in Metz, France.
  • At full production, the Mirafiori and Metz, France, facilities together will supply all relevant Stellantis manufacturing sites in Europe.
  • In the past four years, Stellantis has invested over 5 billion in Italian operations for new products and manufacturing sites.

Stellantis and General Motors to Execute a Share Repurchase Transaction

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Tuesday, September 13, 2022
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and General Motors Holdings LLC, a subsidiary of General Motors Company (GM) have executed a share repurchase agreement (SRA) related to the 69.1 million common shares in Stellantis, representing approximately 2.2% of Stellantis share capital (on a diluted basis), that GM is entitled to receive upon the exercise of equity warrants (the Warrants) originally issued by Peugeot S.A. (PSA) to GM in 2017.

Key Points: 
  • and General Motors Holdings LLC, a subsidiary of General Motors Company (GM) have executed a share repurchase agreement (SRA) related to the 69.1 million common shares in Stellantis, representing approximately 2.2% of Stellantis share capital (on a diluted basis), that GM is entitled to receive upon the exercise of equity warrants (the Warrants) originally issued by Peugeot S.A. (PSA) to GM in 2017.
  • The Warrants were issued to GM as part of the purchase by PSA of the Opel Vauxhall automotive business.
  • Pursuant to the SRA, the issue and the repurchase of Stellantis common shares will both occur on September 15.
  • This purchase of Stellantis common shares by Stellantis from GM will be carried out under the authority granted by the general meeting of April 13, 2022.

Jeep® Brand Reveals Plan to Become the Leading Electrified SUV Brand on the Market

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Thursday, September 8, 2022
Paris, Technology, Fiat, NYSE, Miles per gallon gasoline equivalent, Peugeot, Alfa Romeo, DS Automobiles, Lancia, Carbon, Sport utility vehicle, Â, Abarth, BEV, Investment, Chrysler, Jeep Wagoneer, Chrysler Pacifica (minivan), Opel, News, EV, PHEV, Recon, Bev, Avenger, STLA, Car, SUV, Industry, 2016 Paris Motor Show, Dodge, Maserati, Rail transport, Video game console, Taxicab, Coal, Ram, Jeep, Stellantis, Leasi Papali'i Tommy Scanlan

The brands promise is to serve the next generation of Ram customers with a portfolio of products that delivers on their real-world demands.

Key Points: 
  • The brands promise is to serve the next generation of Ram customers with a portfolio of products that delivers on their real-world demands.
  • Chrysler also announced that the brand will launch its first BEV by 2025 and offer an all-electric Chrysler vehicle lineup by 2028.
  • Todays news from Jeep brand is yet another example of how our American brands are transforming themselves to support our aggressive decarbonization plans, said Carlos Tavares, Stellantis CEO.
  • Jeeps global SUV electrification offensive fits todays market demands and were eager to lead the way the world moves.

Stellantis Appoints Chief Digital Information Officer to Further Accelerate Company’s Tech Transformation

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Wednesday, September 7, 2022
Software, University, Fiat, NYSE, ServiceNow, Peugeot, DS Automobiles, Alfa Romeo, Lancia, Airbus, Ram, Abarth, Digital Transformation Office, Chrysler, Opel, Doctor of Philosophy, STLA, Car, Aviation, Dodge, Efficiency, Maserati, Management, Wesley Leasy, Stellantis

today announced that Chris Taylor has joined the company as Chief Digital Information Officer, reporting to Xavier Chreau, Chief Human Resources and Transformation Officer, and functionally to Ned Curic, Chief Technology Officer, effective Sept. 5, 2022.

Key Points: 
  • today announced that Chris Taylor has joined the company as Chief Digital Information Officer, reporting to Xavier Chreau, Chief Human Resources and Transformation Officer, and functionally to Ned Curic, Chief Technology Officer, effective Sept. 5, 2022.
  • In this newly created role, Chris Taylor will help lead Stellantis transformation into a sustainable mobility tech company, driving its digital strategy and technologies.
  • Chris brings deep knowledge of cutting-edge digital technology to support our sophisticated business needs, both at Stellantis and for our customers, said Carlos Tavares, Stellantis CEO.
  • Prior to this, he was Global Vice President at Airbus Group where he led the digital transformation and cybersecurity.

Free2move Becomes a World Leader in Mobility with Acquisition of Share Now

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Monday, July 18, 2022
DS Automobiles, Maserati, Ram, Abarth, Acquisition, Car, Solution, Dodge, NYSE, Opel, Alfa Romeo, Chrysler, B2B, Fiat, B2C, STLA, City, Share Now, Peugeot, Lancia, Mobile phone, Wesley Leasy

With this acquisition, Free2move continues its aggressive growth plan as a worldwide mobility leader and expanding its mobility hubs concept to 14 new cities.

Key Points: 
  • With this acquisition, Free2move continues its aggressive growth plan as a worldwide mobility leader and expanding its mobility hubs concept to 14 new cities.
  • We are very enthusiastic about the new chapter we are about to write with Share Now, the European leader in free-floating car-sharing, said Brigitte Courtehoux, Free2move CEO.
  • Free2move and Share Now are very complementary and our joint expertise now grants us the savoir-faire to truly innovate in the worldwide mobility market.
  • With this acquisition, Free2move expands its reach now to 32 European and U.S. mobility hubs.

Stellantis Implements Asset-light Approach to Grow Jeep® Brand in China and Negotiates Termination of Local Joint Venture with GAC Group

Retrieved on: 
Monday, July 18, 2022
DS Automobiles, Maserati, Abarth, Ram, GAC, Car, Dodge, NYSE, Opel, Alfa Romeo, Chrysler, Fiat, STLA, GAC Group, Jeep, Peugeot, Lancia, Retail, Wesley Leasy, Stellantis

today announced its plan to focus on distributing imported vehicles for the Jeep brand in China to leverage the potential of the brand and its iconic products through an asset-light approach.

Key Points: 
  • today announced its plan to focus on distributing imported vehicles for the Jeep brand in China to leverage the potential of the brand and its iconic products through an asset-light approach.
  • Stellantis intends to cooperate with GAC Group in an orderly termination of the joint venture formed in March 2010, which has been loss-making in recent years, and will recognize a non-cash impairment charge of approximately 297 million in its first half 2022 results.
  • The Jeep brand will continue to strengthen its product offering in China with an enhanced electrified line-up of imported vehicles meant to exceed Chinese customer expectations.
  • Stellantis N.V. (NYSE / MTA / Euronext Paris: STLA) is one of the worlds leading automakers and a mobility provider.

Stellantis and Dongfeng Agree on a Share Repurchase Framework

Retrieved on: 
Friday, July 15, 2022
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AMSTERDAM, July 15, 2022 Stellantis N.V. and Dongfeng Motor (Hong Kong) International Co., Limited, a subsidiary of Dongfeng Motor Group Company Limited (Dongfeng) have executed a heads of agreement (HOA) related to the 99.2 million common shares in Stellantis held by Dongfeng, representing 3.16% of Stellantis share capital.

Key Points: 
  • AMSTERDAM, July 15, 2022 Stellantis N.V. and Dongfeng Motor (Hong Kong) International Co., Limited, a subsidiary of Dongfeng Motor Group Company Limited (Dongfeng) have executed a heads of agreement (HOA) related to the 99.2 million common shares in Stellantis held by Dongfeng, representing 3.16% of Stellantis share capital.
  • Under the HoA, Dongfeng may from time to time submit an offer to sell to Stellantis, all or a portion of the Stellantis common shares held by Dongfeng.
  • Any purchase of Stellantis common shares by Stellantis from Dongfeng will be carried out under the authority granted by the general meeting of April 13, 2022, as possibly renewed or extended.
  • Stellantis will inform the market if it accepts an offer from Dongfeng and agrees to purchase the offered shares.