Mission Statement, Vision, & Core Values (2024) of Stellantis N.V. (STLA)

An Overview of Stellantis N.V. (STLA)

General Summary of Stellantis N.V.

Stellantis N.V. was formed in January 2021 through the merger of Fiat Chrysler Automobiles (FCA) and PSA Group. As of 2024, it operates under various brands including Jeep, Ram, Dodge, Peugeot, Citroën, and more. Stellantis offers a wide range of products and services including automobiles, light trucks, and commercial vehicles, with a commitment to sustainability and innovation.

In 2024, Stellantis reported global sales of 4.5 million vehicles, representing a market share increase in key regions, including North America and Western Europe. The main product categories include:

• Passenger Cars
• Light Commercial Vehicles
• Electric Vehicles (EVs)
• Hybrid Vehicles

Company's Financial Performance

In its latest financial report for Q1 2024, Stellantis achieved a record-breaking revenue of €45 billion, which marks a 10% increase compared to the previous year. The company's operating profit was reported at €6.5 billion, indicating a margin of approximately 14.4%.

The revenue breakdown from major product sales is as follows:

Geographical growth has also been notable, with North America seeing a revenue increase of 12% to €20 billion, while Western Europe recorded a revenue of €15 billion, up 8% year-over-year.

Stellantis as a Leader in the Industry

Stellantis is positioned as one of the leading companies in the automotive industry, especially noted for its robust portfolio and technological innovations in electric and hybrid vehicles. The company is ranked among the top five automotive manufacturers globally in terms of production and sales volumes.

With a focus on sustainability, Stellantis aims to achieve carbon neutrality by 2038 and has committed to investing €30 billion towards electrification and software development by 2025.

For readers interested in understanding the factors that contribute to Stellantis's success and market leadership, detailed insights can be found in the upcoming sections that delve deeper into the company's strategies, innovations, and future outlook.

Mission Statement of Stellantis N.V. (STLA)

Mission Statement of Stellantis N.V.

The mission statement of Stellantis N.V. is pivotal in steering the organization towards its long-term objectives. It articulates the purpose of the company and serves as a foundation for decision-making that aligns with corporate values and aspirations. The mission statement encapsulates the commitment to delivering innovative solutions in the automotive sector, fostering sustainability, and driving customer satisfaction.

Innovation

Innovation stands as a cornerstone of Stellantis' mission. The company aims to revolutionize mobility through advanced technology and creative solutions. In 2021, Stellantis invested approximately $5 billion in R&D, emphasizing its dedication to pioneering electric and hybrid vehicle technologies.

• Launch of over 75 electrified models by 2025
• Commitment to achieving 40% of sales from electrified vehicles by 2030
• Introduction of the Stellantis Hackathon program to foster innovation

Sustainability

Sustainability is integrated into Stellantis' mission, highlighting a commitment to environmentally friendly practices. The company has set ambitious targets, aiming for zero carbon emissions from its global manufacturing operations by 2025. Stellantis is also focused on reducing its CO2 emissions to 50% below 2021 levels by 2030.

Customer Focus

Stellantis emphasizes a customer-centric approach, ensuring that consumer needs drive product development and service delivery. The company aims to provide exceptional customer experiences and satisfaction through tailored solutions and high-quality products. In 2022, Stellantis reported a customer satisfaction score of 85%, reflecting its commitment to quality.

• Implementation of advanced customer feedback systems
• Focus on enhancing digital customer experience through $1.5 billion in investment
• Launch of personalized vehicle options by 2023

Vision Statement of Stellantis N.V. (STLA)

Global Leadership in Sustainable Mobility

Stellantis N.V. aims to lead the transition toward sustainable mobility. The company is focused on reducing carbon emissions, promoting electric vehicle (EV) adoption, and innovating sustainable technologies. By 2025, Stellantis plans to offer over 30 new battery-electric models, targeting sales of 5 million electric vehicles by 2030.

In alignment with its vision, Stellantis revealed its commitment to achieving carbon neutrality by 2038 across its global operations, with a focus on transitioning to renewable energy sources.

Digital Transformation and Innovation

Stellantis emphasizes the importance of digital transformation in its vision statement. The company's objective is to incorporate advanced technologies such as AI, big data, and connectivity into its vehicle offerings. In 2024, Stellantis is expected to invest around €30 billion in software and technology innovation, enhancing customer experiences and operational efficiencies.

Furthermore, Stellantis aims to develop its proprietary software platform, which will support over 30 million connected vehicles by 2030.

Safety and Customer-Centric Approach

Stellantis envisions a future where safety is paramount and customer satisfaction is at the core of its operations. The company has set a goal for enhancing vehicle safety features, aiming for a reduction in road fatalities involving Stellantis vehicles by 50% by 2030.

In 2023, Stellantis reported a 25% increase in customer satisfaction rates across its brands, fueled by improved service offerings and proactive customer engagement initiatives.

Commitment to Diversity and Inclusion

The company’s vision also encompasses a strong commitment to diversity and inclusion within its workforce. Stellantis aims for women to hold 30% of leadership positions by 2025. As of 2023, women held approximately 27% of these roles, showcasing steady progress toward this target.

In addition, Stellantis has pledged to enhance recruitment and retention strategies specifically aimed at fostering a more inclusive workplace culture.

Core Values of Stellantis N.V. (STLA)

Integrity

Integrity serves as the foundation of Stellantis N.V.'s operations, emphasizing the importance of honesty and transparency in all business dealings.

In 2022, Stellantis N.V. reported a significant drop of 20% in compliance-related incidents due to enhanced training programs on ethical behavior. The company invested over €30 million in compliance training across its global workforce.

The establishment of the Code of Conduct emphasizes this core value, with 95% of employees completing training sessions on ethical practices. Stellantis N.V. also has a dedicated Ethics and Compliance Office, overseeing adherence to integrity standards.

Innovation

Innovation is crucial to Stellantis N.V.'s mission to lead in the automotive industry by leveraging advanced technologies.

In 2023, Stellantis invested €5 billion in research and development, focusing on electric vehicle (EV) technology and sustainable mobility solutions. The company plans to launch 25 new electrified models by 2030.

Stellantis N.V. is collaborating with tech firms to enhance its connected services, evidenced by a partnership with Amazon to integrate Alexa into its vehicle systems, thereby improving user experience and engagement.

Diversity and Inclusion

Diversity and Inclusion are core values that ensure a supportive and innovative workplace for all employees.

As of 2024, women represent 30% of Stellantis N.V.'s executive leadership team, a 10% increase since 2021. The company aims for a 50% gender balance in management roles by 2025.

Stellantis has launched the 'Diversity and Inclusion Strategy,' which includes mentoring programs for underrepresented groups, resulting in a 15% increase in staff retention from these demographics in 2023.

Sustainability

Sustainability reflects Stellantis N.V.'s commitment to environmental stewardship and reducing its carbon footprint.

In 2022, Stellantis achieved a reduction of 30% in CO2 emissions per vehicle since 2018, thanks to investments in green technologies and sustainable practices.

The company aims for 100% of its manufacturing plants to be carbon neutral by 2025. In 2023, Stellantis introduced its 'Sustainable Manufacturing Program,' which utilizes renewable energy sources, leading to a 25% decrease in energy consumption year-over-year.

Customer Centricity

Customer Centricity underscores Stellantis N.V.'s commitment to enhancing the customer experience through quality and service.

In 2023, Stellantis launched a customer feedback program that resulted in a 40% increase in customer satisfaction scores. The company invests approximately €200 million annually in customer service enhancements.

Stellantis N.V. reached a milestone of 1 million connected vehicles on the road by the end of 2022, offering ongoing software updates and improvements tailored to customer preferences.