Stellantis N.V. (Stellantis) operates as a global automaker and mobility provider engaged in designing, engineering, manufacturing, distributing and selling vehicles and components worldwide.
Stellantis designs, engineers, manufactures, distributes and sells vehicles across five portfolios, such as luxury vehicles under the Maserati brand; premium vehicles covered by Alfa Romeo, DS and Lancia brands; global sport utility vehicles under the Jeep brand; American brands covering Dodge, Ram and Chr...
Stellantis N.V. (Stellantis) operates as a global automaker and mobility provider engaged in designing, engineering, manufacturing, distributing and selling vehicles and components worldwide.
Stellantis designs, engineers, manufactures, distributes and sells vehicles across five portfolios, such as luxury vehicles under the Maserati brand; premium vehicles covered by Alfa Romeo, DS and Lancia brands; global sport utility vehicles under the Jeep brand; American brands covering Dodge, Ram and Chrysler vehicles and European brands covering Abarth, Citroën, Fiat, Opel, Peugeot and Vauxhall vehicles.
Stellantis centralizes design, engineering, development and manufacturing operations, to allow it to efficiently operate on a global scale. In 2024, a Stellantis-led joint venture, Leapmotor International launched operations to distribute the vehicles of Leapmotor, a Chinese new energy vehicle OEM, outside of China. Stellantis supports its vehicle shipments with the sale of related service parts and accessories, as well as service contracts, worldwide. Additionally, Stellantis provides retail and dealer financing, leasing and rental services available through its subsidiaries, joint ventures and commercial arrangements with third party financial institutions. Until December 2024, Stellantis operated in the production systems sector under the Comau brand.
In connection with the company's Dare Forward 2030 strategic plan, it has also increased its focus on generating growth in several other areas, such as its pre-owned car business, the two mobility brands, Free2move and Share Now, as well as independent aftermarket parts and services, and software, with a particular focus on data services. Stellantis Ventures funds’ investments in early and later-stage startup companies that develop innovative, customer-centric technologies that target the automotive and mobility sectors. Stellantis’ ambition is to contribute to global carbon neutrality, with an ambitious carbon footprint reduction roadmap, including: cutting CO2 vehicle emissions by offering a wide range of battery electric vehicles (BEVs) and plug-in hybrid electric vehicles (PHEVs), as well as innovation through low-carbon technologies; moving forward into a carbon-efficient production system by embracing green energy and reducing emissions; and improving the environmental performance of the supply chain through a strong engagement of the supply chain to mitigate emissions.
Stellantis’ activities during the year ended December 31, 2024, were carried out through the following six reportable segments:
North America: Stellantis’ operations to manufacture, distribute and sell vehicles in the United States, Canada and Mexico, primarily under the Jeep, Ram, Dodge, Chrysler, FIAT and Alfa Romeo brands. Manufacturing plants are located in the U.S., Canada and Mexico;
Enlarged Europe: Stellantis’ operations to manufacture, distribute, and sell vehicles in Europe (which includes the 27 members of the European Union, the United Kingdom (U.K.), and the members of the European Free Trade Association). Under the mainstream brands Citroën, FIAT, Opel, Peugeot, Vauxhall, as well as the premium brands Alfa Romeo, DS, and Lancia. Manufacturing plants are located in France, Italy, Spain, Germany, the U.K., Poland, Portugal, Serbia, and Slovakia. In 2024, it commenced the distribution of Leapmotor-branded vehicles;
Middle East & Africa: Stellantis’ operations to manufacture, distribute and sell vehicles primarily in Turkey, Algeria and Morocco under the Peugeot, Citroën, Opel, FIAT and Jeep brands. Manufacturing plants are primarily located in Morocco, Algeria and Turkey, through its joint venture with Tofas. In 2024, it commenced the distribution of Leapmotor-branded vehicles;
South America: Stellantis’ operations to manufacture, distribute and sell vehicles in South and Central America, primarily under the FIAT, Jeep, Ram,Peugeot and Citroën brands, with the largest focus of its business in Brazil and Argentina. Manufacturing plants are located in the main markets of Brazil and Argentina. In 2025, the company will commence the distribution of Leapmotor-branded vehicles;
China and India & Asia Pacific: Stellantis’ operations to manufacture, distribute, and sell vehicles in the Asia Pacific region (mostly in China, Japan, India, Australia, and South Korea) are carried out in the region through both subsidiaries and joint ventures, primarily under the Jeep, Peugeot, Citroën, FIAT, DS, and Alfa Romeo brands. Manufacturing plants are located in India and Malaysia, through its joint operation India Fiat India Automobiles Private Limited (FIAPL JV) and its wholly owned subsidiary Stellantis Gurun (Malaysia). The company's Citroën and Peugeot branded vehicles are manufactured in China by Dongfeng Peugeot Citroën Automobiles (DPCA) under various license agreements. In 2024, it commenced the distribution of Leapmotor-branded vehicles in Asia Pacific (excluding China); and
Maserati: Stellantis’ operations to design, engineer, develop, manufacture, distribute worldwide and sell luxury vehicles under the Maserati brand. Design, engineering and manufacturing plants are located in Italy.
Design and Manufacturing
The company sells vehicles in the SUV, passenger car, truck and LCV markets. The company’s SUV and CUV portfolio includes vehicles such as the Jeep Grand Wagoneer, Jeep Wagoneer S, Jeep Grand Cherokee, Jeep Meridian, Alfa Romeo Tonale, Citroën C5 Aircross, DS 3 Crossback, Maserati Grecale and Peugeot E-3008. The company’s passenger car product portfolio includes vehicles, such as the Opel and Vauxhall Mokka, Fiat 500, Alfa Romeo Giulia, Citroën ëC3, Lancia Ypsilon, Dodge Charger and Peugeot 308; and minivans, such as the Chrysler Pacifica. The company sells light duty and heavy-duty pickup trucks such as the Ram 1500, Ram 2500/3500, Fiat Strada, Peugeot Landtrek, Jeep Gladiator, and chassis cabs, such as the Ram 3500/4500/5500. The company’s LCVs include vans, such as the Fiat Professional Doblò, Peugeot Partner, Citroën Berlingo, Opel/Vauxhall Combo, and Ram ProMaster.
The Stellantis Production Way (SPW) is a set of manufacturing-related tools and principles intended to achieve best in class performance as measured by health and safety, quality, throughput, cost and environmental metrics, through empowerment of employees, enhancement of employee skill-sets, the sharing of best practices and the improved and economical use of production assets. Following the 2022 launch of SPW, Stellantis has focused on implementation and execution, as SPW tools, principles and priorities have been deployed throughout each of its manufacturing plants.
Technology Initiatives
Modular Vehicle Platforms
In January 2024, Stellantis unveiled the STLA Large platform, which has a range of 800 kilometers and is available in 400 and 800-volt BEV architectures as well as multi-energy variants, including hybrid and internal combustion, allowing for increased flexibility in a wide range of vehicle applications. Global production of the STLA Large began in 2024 and is expected to launch across eight vehicles through 2026. STLA Large is designed to host mid-size to full-size vehicles.
In November 2024, Stellantis unveiled the STLA Frame platform, designed for full-size, body-on-frame trucks and SUVs, and able to support internal combustion, hybrid, hydrogen, BEV and REEV technologies. The all-new, all-electric Ram 1500 REV light duty pickup will be built on the STLA Frame and is expected to launch in 2026. The all-new 2025 Ram 1500 Ramcharger REEV, expected to have a range of 1,100 kilometers, will also be built on STLA Frame and production is expected to begin in 2025. STLA Large and STLA Frame are two of the four platforms comprising Stellantis’ BEV-centric platform strategy, along with STLA Small (ultra-compact cars) and STLA Medium (compact to mid-size vehicles), which was the first platform unveiled in July 2023.
Propulsion Systems
In February 2024, Stellantis announced a significant investment in an existing plant in Szentgotthard, Hungary to increase electric drive module (EDM) production in Europe. EDM production in Szentgotthard is targeted to begin in late 2026. Stellantis’ electric propulsion system strategy includes three families of EDMs that combine the motor, gearbox and inverter, each designed to meet different performance needs. The EDMs can be configured for front-wheel drive, rear-wheel drive and all-wheel drive. A program of hardware upgrades and OTA software updates is expected to extend the life cycle of the propulsion systems, and therefore, the vehicles. Stellantis intends to internally develop software and controls in order to maintain characteristics unique to each brand.
In April 2024, Stellantis also announced the production launch of the next generation eDCTs for hybrid and plug-in hybrid vehicles at its Mirafiori complex in Turin, Italy. The eDCTs produced at Mirafiori incorporate a 21-kW electric motor into a dual-clutch transmission. The motor delivers electric propulsion in low-torque scenarios, such as city driving or cruising, allowing the ICE to remain off 50 percent of the time on the urban cycle.
Battery Technology
Stellantis announced a five-year collaboration with CEA, a major French research organization, in July 2024. The collaboration targets in-house design of next-generation battery cells for BEVs with the goal of providing Stellantis with more affordable, next-generation BEV batteries with best-in-class technologies.
Connectivity
In January 2024, Stellantis announced the acquisition of the artificial intelligence framework, machine learning models and intellectual property rights and patents of CloudMade, a developer of data-driven automotive solutions. The acquisition is intended to support the mid-term development of STLA SmartCockpit, Stellantis’ initiative to deliver artificial intelligence-based applications such as navigation, voice assistance, e-commerce and payment services for use in its vehicles.
Sales Overview
New vehicle sales represent sales of vehicles primarily by dealers and distributors, or, directly by the company in some cases, to retail and fleet customers. Sales include mass-market, premium and luxury vehicles manufactured at the company's plants, as well as vehicles manufactured by joint ventures and third-party contract manufacturers and distributed under the company's brands.
North America
North America Sales and Competition
The company's competitors in North America include GM; Toyota; Ford; Hyundai/Kia; Honda; Nissan; and others.
The company’s vehicle line-up in the North America segment primarily leveraged the brand recognition of the Jeep, Ram, Dodge and Chrysler brands to offer UVs, pickup trucks, cars and minivans under those brands.
North America Distribution
In the North America segment, the company's vehicles are sold primarily to dealers in its dealer network for sale to retail consumers and to fleet customers. Fleet sales in the commercial channel are typically more profitable than sales in the government and daily rental channels since they more often involve customized vehicles with more optional features and accessories; however, vehicle orders in the commercial channel are usually smaller in size than the orders made in the daily rental channel. Fleet sales in the government channel are generally more profitable than fleet sales in the daily rental channel primarily due to the mix of products included in each respective channel.
North America Dealer and Customer Financing
In November 2021, Stellantis acquired First Investors Financial Services Group, known as Stellantis Financial Services US Corp (SFS U.S.). SFS U.S. provides the U.S. customers and dealers with a complete range of financing options, including retail loans, leases, and floorplan financing. However, while SFS U.S. grows, Stellantis also utilizes independent financial service providers, including Santander Consumer USA Inc. (SCUSA) to complement its financing offer to dealers and retail customers in the U.S. In February 2013, FCA entered into a private label financing agreement with SCUSA (the SCUSA Agreement), under which SCUSA will continue to provide a wide range of wholesale and retail financial services to dealers and retail customers in the U.S., under the Chrysler Capital brand name. In April 2022, the SCUSA Agreement was amended and extended through 2025, allowing SCUSA to serve a complementary role to SFS U.S. Under the SCUSA Agreement, SCUSA has certain rights, including limited exclusivity to participate in specified minimum percentages of certain retail financing subvention programs.
As of December 31, 2024, SFS U.S. provided wholesale (i.e. floorplan and others) lines of credit to 155 dealers representing approximately 6 percent of the Stellantis network in the U.S. with SCUSA and Ally Financial Inc. (Ally) providing wholesale funding to, approximately, an additional 9 percent and 28 percent respectively. In 2024, approximately 78 percent of the retail vehicles sold to the U.S. retail customers were financed or leased; of those financed or leased retail sales, SCUSA, Ally, and SFS U.S. (third full year of operations) market share represented 12 percent, 10 percent, and 24 percent, respectively.
In Canada, the company's customers are served by cooperation agreements with main local banks providing retail financing and leasing.
In Mexico, the company has a private label agreement with Banco Inbursa Group in order to provide dealer and retail customer financing programs for all brands.
Enlarged Europe
Enlarged Europe Sales and Competition
The company's principal competitors in Europe include Volkswagen; Renault; Hyundai/Kia; Toyota; Mercedes-Benz; BMW; Ford; and others.
In the EU30 PC and CV markets, Stellantis confirmed its second place with a market share of 17 percent, launching several new models in 2024 and over 50 international awards received by its brands. Sales increased in four of the G10 countries, Stellantis confirmed its first place in France, Italy and Portugal and is in second place in Germany, Spain, the United Kingdom, Austria, Belgium, Luxembourg, and the Netherlands.
In the EU30 CV market, Stellantis Pro One confirmed its overall leadership with a share of 29.1 percent and first place in fifteen countries.
Stellantis’ performance is supported by iconic models, such as the Peugeot 208 which is amongst the top five best sellers in the EU30, while in France the company boasts four models among the top 10 in the PC market. In Germany, the Opel Corsa is the best-selling small car in 2024, while in Italy the Fiat Panda is the best-selling car in the overall market and the Jeep Avenger is the best-selling SUV of the year.
Enlarged Europe Distribution
In Europe, the company sells and services its vehicles through its own dealers (located in most European markets), independent dealers, retailers, and authorized workshops. In other markets and segments where it does not have a substantial presence, it has agreements with general distributors.
In 2023, Stellantis and its European dealers signed over 8,000 sales and 25,000 aftersales contracts in ten key European countries. Their shared objectives include simplification, a multi-brand approach, customer-centricity, and quality assurance. Stellantis initially adopted the new retailer model in Austria, Belgium, Luxembourg, and the Netherlands in September 2023, and has been working to further enhance the model in these early adopter countries, allowing its network sufficient time to adapt in a competitive landscape with new entrants. After one year of implementation, the model has shown a 26 percent year-over-year increase in total orders. The business model remains in a pilot phase and will be rolled out more broadly once it achieves full satisfaction with market share, processes, information, communication and technology (ICT), and other key performance indicators.
During 2024, Stellantis began distributing Leapmotor vehicles in Europe through the Stellantis-led joint venture Leapmotor International and has been introduced in more than 400 dealerships already representing its existing brands.
Stellantis continues to work closely with its dealer network, emphasizing their partnership to address the challenges of the automotive industry, including electrification.
Enlarged Europe Dealer and Customer Financing
Since 2023, the Stellantis leasing and financing activities in Europe have been structured through the following partnerships:
Leasys, a 50 percent held joint venture with Credit Agricole Consumer Finance S.A. (CACF) dedicated to pan-European multi-brand long-term operational leasing activities;
A partnership between Stellantis Financial Services Europe (SFSE), and BNP Paribas Personal Finance (BNPP PF) related to financing activities carried-out through approximately a 50 percent interest in a joint-venture operating in Germany, Austria and the U.K.; and
A partnership between SFSE and Group Santander Consumer Finance (SCF) related to financing activities carried out through 50 percent held joint-ventures in France, Italy, Spain, Belgium, Poland, and the Netherlands; and through a commercial agreement with SCF in Portugal.
The partnerships with BNPP and SCF cover all Stellantis brands and the Leapmotor brand.
Middle East & Africa (MEA)
Middle East & Africa Sales and Competition
The company's principal competitors in Middle East & Africa include Toyota; Hyundai/Kia; Renault; Volkswagen; Ford; Nissan; BMW; Mercedes-Benz; and others.
Middle East & Africa Distribution
In Turkey, Peugeot, Citroën, DS and Opel brands are distributed through a national sales company, consolidating operations for these four brands, whereas FIAT, Alfa Romeo and Jeep brands are distributed by a joint venture with Koc Automotiv Group, Tofas.
In Morocco, following the acquisition of Sopriam, a national sales company is in charge of distributing Alfa Romeo, Citroën, DS, FIAT, Jeep and Peugeot. Opel is managed by a local importer. In South Africa, the company also operates through a national sales company that distributes Peugeot, Citroën, Opel, FIAT, Jeep and Alfa Romeo. In Algeria, a national sales company is in charge of distributing FIAT, while Opel is managed by local importer. In all other markets of the region, the company distributes through agreements with local general distributors, with the regional offices of Stellantis located in Cairo and Dubai coordinating operations in Egypt and Middle East.
Middle East & Africa Dealer and Customer Financing
In Turkey, the company's activities related to the former FCA brands (mainly connected to retail financing) are carried out through a 100 percent owned subsidiary of its joint venture, Tofas, that provides financial services and insurance products mainly to retail customers, while the activities related to the former PSA brands are carried out by a subsidiary of SFSE in cooperation with a TEB Finansman AS, with Garanti Bank, Yapi Kredi and different insurance providers.
Cooperation agreements are also in place with third-party financial institutions to provide dealer network and retail customer financing in South Africa, Morocco, and Algeria. A binding agreement has been signed in Morocco for the acquisition of 80 percent of a financial services company currently operating in the country. The closing is subject to customary conditions.
South America
South America Sales and Competition
The company's principal competitors in Brazil include Volkswagen; GM; Ford; and others.
South America Distribution
In Brazil and Argentina, distribution is through dealers of each brand, although it is common for the same distributor to have several stores in order to offer different brands. In other countries, distribution is through multi-brands importers or dealers.
South America Dealer and Customer Financing
In the South America segment, the company provides access to dealer and retail customer financing, as well as rental products, through captive finance companies and through strategic relationships with financial institutions.
In Argentina, the company has a 100 percent owned captive finance company, FCA Compañia Financiera S.A. (FCA CF), that offers dealer and retail customer financing for the former FCA brands. In December 2024, Fidis S.p.A signed an agreement with Banco BBVA Argentina S.A. (BBVA) for the disposal of 50 percent of FCA CF. This transaction is subject to regulatory approvals and other customary closing conditions.
In addition, the company has a 50 percent owned joint venture, PSA Finance Argentina Compañia Financiera S.A., that offers dealer and retail customer financing and leasing services for the former PSA brands (with BBVA owning the other 50 percent).
In Brazil, the company has three 100 percent owned captive finance companies that offer dealer and retail customer financing, and rental services. Banco Stellantis S.A. mainly focuses on dealer financing, Stellantis Financiamentos Sociedade de Credito, Financiamento e Investimento S.A. specializes in retail financing, and Stellantis Locadora de Automoveis Ltda provides rental services.
China and India & Asia Pacific
The company sells a range of vehicles in the China and India & Asia Pacific segment, including small and compact cars, premium mid-size cars, UVs, and light CVs. Although it is the smallest segment by vehicle sales, the China and India & Asia Pacific segment represents a significant growth opportunity, and the company is invested in building relationships with key partners in India to increase its manufacturing footprint and presence in the region. In the China and India & Asia Pacific segment, the company also distributes vehicles that are manufactured in the U.S. and Europe through its dealers and distributors.
China and India & Asia Pacific Distribution
In the key markets of the China and India & Asia Pacific segment (China, Australia, India, Japan, South Korea, and AGD), Stellantis vehicles are sold by its 100 percent owned subsidiaries or through DPCA to local independent dealers. Dongfeng Peugeot Citroën Automobile Sales Co (DPCS) markets the vehicles produced by DPCA under various license agreements in China, and a Stellantis fully-owned national sales company in China operates and manages the import vehicles’ sales in China (except Maserati). The company also operates through national sales companies in Australia, Japan, India, Malaysia, and South Korea. In AGD and smaller markets, it has agreements with general distributors.
China and India & Asia Pacific Dealer and Customer Financing
In China, the company operates 100 percent owned finance and lease companies, Stellantis Automotive Finance Co., Ltd, and since April 2023, following the finalization of an equity transfer agreement with Dongfeng, Stellantis Leasing Services Co Ltd. These entities allow it to support its sales activities in China by offering its dealer networks and retail and commercial customers a full range of wholesale and retail financing, as well as financial and operational leasing products. Cooperation agreements are also in place with third-party financial institutions to provide dealer network and retail customer financing in India, South Korea, Australia, and Japan.
Maserati
In 2024, a total of 14.7 thousand Maserati vehicles were sold.
In Europe, depending on the country, access to dealer and customer financing for Maserati vehicles is either through joint ventures with BNPP PF or with SCF. In China, the company's 100 percent owned captive finance companies, Stellantis Automotive Finance Co. Ltd and Stellantis Leasing Services Co. Ltd, provide dealer and retail financing, as well as financial and operational leasing products. In the U.S., JPMorgan Chase Bank is the main financial services provider to retail customers, complemented by SFS U.S. In other regions, the company relies on local agreements with financial services providers for the financing of Maserati brand vehicles to dealers and end customers.
Environmental and Other Regulatory Matters
At Stellantis, the company engineers, manufactures, and sells its products and offers its services around the world, subject to regulatory requirements applicable to the company’s products that relate to vehicle emissions, fuel economy, emission control software calibration and on-board diagnostics and vehicle safety, as well as those applicable to the company’s manufacturing facilities that relate to stack emissions, the management of waste, water and hazardous materials, prohibitions on soil contamination, and worker health and safety. The company’s vehicles and the propulsion systems that power them must also comply with extensive regional, national and local laws and regulations (including those that regulate end-of-life vehicles (“ELVs”) and the chemical content of its parts).
All new vehicles and vehicle equipment sold in the U.S. are governed by the National Traffic and Motor Vehicle Safety Act of 1966 (the “NTMVS Act”), which requires that all new vehicles and equipment meet the Federal Motor Vehicle Safety Standards (“FMVSS”) established by NHTSA.
The company’s operations are subject to a wide range of environmental protection laws, including those laws regulating air emissions, water discharges, waste management and related environmental effects and environmental clean-up. Certain environmental statutes require that responsible parties fund remediation actions regardless of fault, legality of original disposal, or ownership of a disposal site. Under certain circumstances, these laws impose liability for related damages to natural resources.
To comply with these requirements, Stellantis utilizes environmental management system (“EMS”) on its operations, which are designed to ensure compliance with applicable regulatory requirements and reduce the environmental impact of the company’s manufacturing activities. This program operationalizes its commitment to responsible environmental management of its manufacturing methods and processes. The company has established a corporate requirement that all of its manufacturing facilities become certified under the EMS requirements set forth in the ISO 14001 standard (ISO is an international standard-setting organization). As of December 31, 2024, the majority of Stellantis manufacturing plants had an ISO 14001 certified EMS in place.
History
Stellantis N.V. was founded in 1899. The company was incorporated in 2014.
