Stellantis 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.
An employee in the body shop at the Warren (Mich.) Truck Assembly Plant polishes the body of the all-new Wagoneer. (Stellantis).
Robots weld the body of the all-new Wagoneer in the body shop at the Warren (Mich.) Truck Assembly Plant. (Stellantis).
Robots weld the body of the all-new Wagoneer in the body shop at the Warren (Mich.) Truck Assembly Plant. (Stellantis).
Robots apply sealer to the body of the all-new Wagoneer in the paint shop at the Warren (Mich.) Truck Assembly Plant. (Stellantis).
Robots apply sealer to the body of the all-new Wagoneer in the paint shop at the Warren (Mich.) Truck Assembly Plant. (Stellantis).
Robots apply paint to the body of the all-new Wagoneer in the paint shop at the Warren (Mich.) Truck Assembly Plant. (Stellantis).
Robots apply paint to the body of the all-new Wagoneer in the paint shop at the Warren (Mich.) Truck Assembly Plant. (Stellantis).
Employees in the paint shop of the Warren (Mich.) Truck Assembly Plant polish the painted body of the all-new Wagoneer. (Stellantis).
The all-new Grand Wagoneer drives off the final line at the Warren (Mich.) Truck Assembly Plant. (Stellantis).
2023 Jeep® Wagoneer Series III 4×4 rolling off the assembly line at Warren Truck. (Jeep).
Stellantis Warren Truck Assembly Plant in Warren, Michigan. (Stellantis).
An all-new Grand Wagoneer leaves the Warren (Mich.) Truck Assembly Plant to be loaded on to a carrier. (Stellantis).
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. Stellantis will have the right but not the obligation to accept such an offer and purchase the offered shares at the average of the closing prices per Stellantis share on Euronext Milan for the five trading day period immediately prior to the date on which Dongfeng submits the offer.
Production of the Fiat 500 at the FCA Poland Tychy Assembly Plant. (Stellantis).
Production of the Fiat 500 at the FCA Poland Tychy Assembly Plant. (Stellantis).
Production of the Fiat 500 at the FCA Poland Tychy Assembly Plant. (Stellantis).
Production of the Fiat 500 at the FCA Poland Tychy Assembly Plant. (Stellantis).
Production of the Fiat 500 at the FCA Poland Tychy Assembly Plant. (Stellantis).
Production of the Fiat 500 at the FCA Poland Tychy Assembly Plant. (Stellantis).
Production of the Fiat 500 at the FCA Poland Tychy Assembly Plant. (Stellantis).
Production of the Fiat 500 at the FCA Poland Tychy Assembly Plant. (Stellantis).
Production of the Abarth 695 at the FCA Poland Tychy Assembly Plant. (Stellantis).
Production of the Abarth 695 at the FCA Poland Tychy Assembly Plant. (Stellantis).
Production of the Fiat 500 at the FCA Poland Tychy Assembly Plant. (Stellantis).
Production of the Fiat 500 at the FCA Poland Tychy Assembly Plant. (Stellantis).
Production of the Abarth 595 at the FCA Poland Tychy Assembly Plant. (Stellantis).
Production of the Lancia Ypsilon at the FCA Poland Tychy Assembly Plant. (Stellantis).
Production of the Lancia Ypsilon at the FCA Poland Tychy Assembly Plant. (Stellantis).
In case Dongfeng determines to dispose of any of its Stellantis common shares through an accelerated book build (ABB) process, Dongfeng will offer Stellantis the opportunity to act as a cornerstone investor in that transaction, at the offer price resulting from the ABB process.
Jeep® Automotive Pole in Pernambuco, Brazil. (Stellantis).
Jeep® Automotive Pole in Pernambuco, Brazil. (Stellantis).
Jeep® Automotive Pole in Pernambuco, Brazil. (Stellantis).
Jeep® Automotive Pole in Pernambuco, Brazil. (Stellantis).
Jeep® Automotive Pole in Pernambuco, Brazil. (Stellantis).
Jeep® Automotive Pole in Pernambuco, Brazil. (Stellantis).
Jeep® Automotive Pole in Pernambuco, Brazil. (Stellantis).
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.
Robert S. Miller is a diehard Mopar enthusiast who lives and breathes all that is Mopar. The Michigander is not only the Editor for MoparInsiders.com, 5thGenRams.com, and HDRams.com but an automotive photographer. He is an avid fan of offshore powerboat racing, which he travels the country to take part in.
Stellantis agreed to buy Dongfeng remaining stake in Stellantis.
After bailing out PSA in 2014 Dongfeng agreed to became a non-voting shareholder in order to complete FCA-PSA Merger. Dongfeng been selling since the merger was announced.
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