Stellantis: Building a world leader in sustainable mobility

• A new company with the agility, creativity and efficiency to capture the opportunities of the new era of mobility, offering innovative solutions that will help change the way society moves
• Rich heritage stemming from storied and iconic automotive marques, innovative mobility brands and deep roots in the communities in which it operates
• Well positioned to compete in global markets with 39 electrified vehicles available by the end of 2021
• Significant scale with well-established commercial positions in Europe, North America and Latin America
• Strong opening balance sheet
• Targeting more than €5 billion of annual steady state synergies
• Robust governance structure from Day One dedicated to creating superior value for all stakeholders
• Unwavering commitment of the 400,000 employees to exceed consumer expectations and pursue greatness

Carlos Tavares and John Elkann

Today marks the launch of Stellantis NV [STLA] (“Stellantis” or “the Company” or “Group”), a world leader for a new era of sustainable mobility dedicated to providing freedom of movement with distinctive, affordable and efficient transportation solutions uniquely positioned to capture the exciting opportunities of a global industry undergoing rapid and profound change.

Formed from the combination of two groups with strong track records and sound finances, Stellantis is a truly global company of 400,000 diverse, highly talented and experienced employees who design, develop, manufacture, distribute, and sell vehicles and mobility solutions around the world while remaining deeply rooted in the communities in which they live and work.

11-member Board of Directors is led by Chairman John Elkann. Carlos Tavares as Chief Executive Officer leads one of the most experienced and successful management teams in the industry whose diversity, experience and competitive spirit are amongst its key strengths. With a deep bench of executive talent relentlessly committed to improvement and innovation, Stellantis is well-positioned to continue its founding companies’ track record of value creation for all stakeholders guided by a common principle: challenge the status quo.

With a proud heritage stretching back 125 years, Stellantis is home to a full portfolio of storied brands that have graced the road and conquered the podium in the world of motorsport. Founded by visionaries who infused these marques with passion and a competitive spirit, the brands cover the full spectrum of market segments from luxury, premium and mainstream passenger vehicles to hard-charging pickup trucks, SUVs and light commercial vehicles, as well as dedicated mobility, finance and parts and service brands.

Stellantis already has a well-established presence in three regions – Europe, North America and Latin America – in addition to significant untapped potential in important markets such as China, Africa, the Middle East, Oceania and India. With industrial operations in more than 30 countries, the Company has the ability to efficiently meet and exceed consumer expectations and deliver vehicles and services of unparalleled quality in more than 130 markets.

Stellantis starts from a position of considerable strength with robust operating margins reflecting the Company’s leading positions in North America, Europe and Latin America. Company expects to leverage its size and economies of scale as an enabler to invest in innovative mobility solutions for its customers, targeting annual synergies of more than €5 billion at a steady state. These synergy estimates will be achieved through the implementation of smart purchasing and investment strategies, optimizing powertrain and platform utilization, applying cutting-edge R&D and a continuous focus on manufacturing and tooling efficiencies. These synergy estimates are not based on any plant closures resulting from the transaction.

Nine Governance Committees will ensure an efficient operating structure from Day One, including company-wide performance & strategy, planning, regions, manufacturing, brand and styling.

Stellantis’ portfolio is uniquely suited to offer distinctive, sustainable mobility solutions to meet its customers’ evolving needs, as they embrace electrification, connectivity, autonomous driving and shared ownership.  As the electrified market continues to grow, Stellantis is well positioned today with 29 electrified models available and plans to introduce ten additional vehicles by the end of this year.

Company is strongly committed to playing an active part in contributing to the societies in which it operates, as it works towards achieving a long-term goal of carbon neutrality across all products, assembly plants and other facilities.

Marking the occasion John Elkann said: “It is no coincidence that Stellantis is born precisely when our world requires a new kind of automotive company that will champion clean and intelligent solutions to provide freedom of movement for all. Our global scale and reach provide us with the resources to invest in state-of-the-art technologies, distinctive excellence and unmatched choice for our customers. But it is the geographic and cultural diversity of Stellantis’ people that from Day One is our greatest competitive advantage. It is they, with their energy, their knowhow and their constant commitment who make Stellantis what it is today. And it is they who day-by-day will build an even greater company for this new era of mobility.” Commenting on the first day of Stellantis’ journey, Carlos Tavares said, “This is a great day. One year after we announced this project, Stellantis is born, notwithstanding the unprecedented societal and economic disruption caused by the COVID-19 pandemic. I want to warmly thank all of the teams who made this possible and also thank the entire workforce who continued to move our operations forward during this exceptional year. This demonstrates the agility, creativity and adaptability of our company which aims to be great rather than big, determined to be much more than the sum of its parts. It is also a further signal of the new company’s determination to be a leading player in the automotive industry in this ever changing environment. Stellantis is dedicated to “pursuing greatness” and enhancing the well-being of its employees.”

New company began trading yesterday, January 18, on Euronext (Paris) and the Borsa Italiana (Milan) and today on the New York Stock Exchange.

Full year 2020 results will be reported on March 3, 2021.

New Opel Mokka: Top Aero for Higher Efficiency and Lower Emissions

• Only 0.32 cD: New Opel Mokka’s drag factor among lowest in class
• Air curtains: reducing drag and separation caused by wheels and tyres
• Active shutter: automatic closure of frontal opening when less cooling required

New Opel Mokka

Exterior design of the new Opel Mokka is not only pure and bold, but also aerodynamically efficient – not mainstream but streamlined and typically Opel. With a drag coefficient (cD) of only 0.32, the new Mokka features one of the lowest drag factors in its market segment and joins the brand’s existing aero-champions, from the record-breaking Calibra (0.26 cD) to the current class-leaders, Astra (0.26 cD) and Insignia (0.25 cD).

Due to the challenges posed by CO2 reduction, efficient aerodynamics are increasingly important in the automotive industry as well as among customers. Low drag means that the car needs less energy to move, which in turn results in lower fuel consumption and emissions.

As with all Opel’s newly developed cars, the carmaker’s engineers optimised the new Mokka’s aerodynamics in the wind tunnel of Stuttgart University (at the Research Institute of Automotive Engineering and Vehicle Engines). Depending on the model variant, they cut the drag factor to an excellent 0.32 cD.

“Opel has been a strong leader in aerodynamics for decades and our new Mokka continues this long tradition”, says Marcus Lott, Managing Director Engineering. “Sophisticated technologies such as air curtains and an active cooling shutter represent the state of the art in automotive drag reduction. With its stunning design, new Opel Mokka also proves that standout looks and a highly efficient shape are far from mutually exclusive.”

More than just good-looking: Bold and pure design enhances low frontal area

Basis for the high aerodynamic efficiency is the new Mokka’s frontal area of only 2.27 metres2, which is enhanced by the pure and bold design. With the aid of computational fluid dynamics (CFD) and attention to detail in the wind tunnel, Opel’s aero experts then chiselled down to the excellent drag coefficient by fine-tuning every detail that helps improve the aerodynamics.

Engineers optimised the design of the new Mokka’s characteristic Opel Vizor, as well as the shapes of the A-pillars and the exterior mirrors. In addition, cladding covering the bottom of the engine compartment and the underside of the body improves the airflow beneath the car.

New Opel Mokka displays fins at the sides of the tailgate and an elongated spoiler at the rear edge of the roof, in order to reduce the separation that causes drag. In addition, the spoiler lowers aerodynamic lift on the rear axle, which further improves straight-line stability, especially at higher speeds.

Air curtains and active shutters: innovations for higher efficiency and lower drag

Other major sources of drag are the wheels, tyres and wheelhouses.New Opel Mokka therefore features innovative air curtains that increase aerodynamic efficiency in this area. An air curtain is an integrated duct on each side of the front fascia that creates a tall, thin jet of air across the face of the front wheel and tyre. Air curtain directs the flow smoothly across the wheel openings, decreasing the amount of wake and separation from these areas.

New Opel Mokka also benefits from an active shutter that further reduces drag and improves fuel efficiency by automatically closing the frontal opening when cooling air is least needed. Until recently, this innovation has been more common on more expensive cars from higher segments.

When closed, the shutter system enhances aero performance by redirecting airflow around the front of the vehicle and down the sides, rather than through the less aero efficient engine compartment.

Shutter is open or closed depending on engine coolant temperature and speed. For example, the shutter opens when the car is traveling up a hill or in hot city driving. Shutter closes when less engine cooling is required, for example at urban-road speeds.

Results of these efforts are impressive: compared with the previous model, which had a drag coefficient of 0.35, CO2 emissions in the WLTP cycle are up to 9.0 g/km lower, while drag at motorway speeds has been reduced by 16 per cent.

Aerodynamically optimised new Opel Mokka is the first to wear the new brand face, the Opel Vizor, as well as the redesigned Opel Blitz emblem and the centrally positioned nameplate on the tailgate. It is also the first Opel with the Pure Panel and a fully digitised cockpit. In addition, the new Mokka is the first Opel available from the start of the sales with electric drive as well as highly efficient combustion engines.

Technology for economical cars: Opel CEO Michael Lohscheller inaugurates hot-forming plant in Kaiserslautern

• Hot-forming steel enables the production of high-strength body parts
• Requirements for crash safety and lightweight construction in harmony
• CO2 emissions while driving are reduced thanks to consistent lightweight construction

Innovative technology for light and economical cars: Opel CEO Michael Lohscheller officially commissioned a state-of-the-art facility for hot-forming steel at the Kaiserslautern site on Thursday. This process is used to manufacture high-strength components for car bodies. Hot-formed components significantly reduce the weight of a body without compromising safety. This also makes vehicles lighter overall and emits less fuel and CO2 .

“We are very pleased about the commissioning of this modern system for hot forming of steel in Kaiserslautern. By manufacturing and processing high-strength components for car bodies, the material thickness and thus the weight of the vehicle can be reduced - without compromising on safety. This lowers the CO2 emissions. This system is therefore another important component in our goal of offering efficient cars for clean driving fun, ”said Opel boss Michael Lohscheller.

In the past few months, the complete press line 2, two incorporation machines and the waste belts in the press cellar were dismantled in the K-19 press shop at the production site in the west of the Palatinate. This created space for the new hot forming system, which includes a press table weighing around 80 tons, an oven around 40 meters long and a 25-meter high chimney.

With hot forming, the sheet to be processed is slowly heated to a temperature of around 930 degrees Celsius over several minutes in an oven. The hot sheet is then placed in the tool and cooled very quickly during the pressing process. This gives it its high strength. Another advantage of the process is that the steel can be formed better.

Plant manager Thierry Vingtans: “We are delighted with the investment in the hot forming system at the Kaiserslautern location. This shows that the plant continues to play an important role in the company's production network. The parts that we manufacture here will in future be built into several vehicle models from various Group brands - including the new Opel Mokka. "