Stellantis Middle East and Africa (MEA) commented on its key Full Year 2022 results and showed its progress in implementing the Company’s Dare Forward 2030 ambitious strategic plan for the coming decade, a plan that will drive the Company to leadership in market share, customer experience and energy transition.
In September 2022, Stellantis MEA announced its contribution to the Dare Forward 2030 strategic plan with a bold strategy in the industrial, commercial, product, digitization, aftermarket and purchasing fields.
The MEA region’s ambition is to become the market leader in its area by 2030 with over one million vehicles sold by consolidating its position in the Mediterranean Crown and the French Overseas Territories achieving above 30% market share and by ramping up in Middle East, South Africa and Sub Sahara with a market share Above 12%.
“Middle East and Africa is a wide and promising region with a high growth potential. Stellantis is committed to helping develop the automotive industry across the region and is investing to strengthen its footprint to answer to the evolving mobility needs of its customers. Thanks to the strong engagement of its employees and partners, Stellantis is advancing at full speed in achieving its Dare Forward 2030 Strategic Plan,” said Samir Cherfan, Stellantis Chief Operating Officer for Middle East and Africa.
• Algeria: On March 19, 2023, we announced the first wave of investments from Stellantis and its suppliers totaling over €200 million to manufacture four models with start of production of FIAT 500 in December 2023
• Egypt: Framework agreements signed on February 23, 2023 with Egyptian Authorities to set up automobile plant in the country to strengthen our footprint and improve our position in the market.
• Morocco: Announced in November 3, 2022, Investment of over €300 million in Kenitra manufacturing facility to double local production capacity and introduce “smart car” platform to serve the commercial ambition and the region Self-sourcing capacity.
• South Africa: We announced in March 8, 2023 the signature of a Memorandum of Understanding to manufacture vehicles in South Africa. The MoU will Strengthen the position of Stellantis in South African market with the manufacturing project to be completed by 2025
• Turkey: Stellantis will increase production in Turkey, with allocation of “K0” model to Tofaş, in both mid-size light commercial vehicle and passenger car versions, planned for five brands and extending current Doblo and Tipo/Egea production, increasing the Self sourcing for the region.
• Algeria: Start of Sales on March 21, 2023. 15k orders in 2 weeks and 100 000 visitors throughout our various touchpoints
• Middle East: Strong growth potential that we are capturing with a reinforced network while continuously expanding our tailored product portfolio.
• Morocco: Stellantis is the second largest group in the market with around 18% market share in Q1 23. We are working on improving our distribution setup and network structure.
• South Africa: The Company is responding to local needs with an adapted range of products and mobility solutions such as Peugeot Landtrek and Smart car future launches.
• Turkey: On March 1, 2023, a binding agreement was signed announcing that the commercial activities for all Stellantis brands will be consolidated under Tofaş enabling increased business synergies and value creation for all Stellantis brands and segments.
• 11 launches in 77 markets in 2022 from which 2 new EV and 2 new PHEV models
• In 2022, from Turkey to South Africa crossing the Middle East, North Africa and Sub Sahara, Stellantis delivered on its promise to always better the mobility needs of customers and received the “Car of the Year” award for various models in various markets;
• Innovative and creative marketing campaigns have also been rewarded at some of the most prestigious marketing competitions, such as “Lions” and “Links,”
• 10 new platforms launched in Israel, Turkey and GCC
• 3 data management platforms launched in GCC, Israel and Turkey
• The exclusive online launch of Citroen Ami and Alfa Romeo in Turkey were sold out within one hour
• At the launch of Peugeot 408, the whole online stock was sold out in few minutes
• In 2022, Stellantis had a good dynamic in all MEA markets with +17% sales growth in 2022 vs 2021.
• Independent Aftermarket Manufacturer (IAM) sales increased by 3 times versus 2021
• To support the sales growth, the expansion of multi-brand distribution network and Eurorepar Car Service chain are planned
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Chevrolet has unleashed the unthinkable in the Corvette ZR1. The King of the Hill returns with the most powerful V8 ever produced in America from an auto manufacturer, mind-bending specs, and iconic design to challenge the world’s best supercars in both coupe and convertible variants.
• Corvette ZR1 features a 5.5L, twin-turbocharged DOHC flat-plane crank V8 engine dubbed the LT7.
• The LT7 engine produces 1,064 horsepower at 7,000 rpm and 828 lb-ft (1123 Nm) of torque at 6,000 rpm, per SAE guidelines — the most power ever from a factory Corvette and the most powerful V8 ever produced in America from an auto manufacturer.
• Corvette ZR1 boasts a GM-estimated top speed of over 215 mph (346 Kph) on the racetrack and will dispatch the quarter mile with a GM-estimated sub-10-second time1.
• Purposeful carbon fiber aero package creates over 1,200 pounds (544 Kg) of downforce at top speed.
• ZR1 revives one of the most iconic styles in Corvette history: the split rear window.
“The team that revolutionized Corvette with a mid-engine architecture took on another challenge: take ZR1 to the next level,” said Scott Bell, vice president, Chevrolet. “Corvette ZR1 is about pushing the envelope with raw power and cutting-edge innovation. From Stingray, to Z06, E-Ray, and now ZR1, the Corvette family continues to elevate with each new iteration — and challenge the best in the world.”
The new 2025 Ram 1500 is now available in the Middle East, featuring an all-new 3.0-liter Hurricane engine family that brings more power, performance, and improved fuel efficiency.
“The new 2025 Ram 1500 brings our customers more: more power, more performance and more fuel efficiency with our all-new 3.0-liter Hurricane engines,” said Chris Feuell, Ram brand CEO – Stellantis. “With a choice of new and proven gas engines or our upcoming electric truck offerings, Ram is built to serve truck buyers everywhere. Our new powertrain offerings add to the unique combination of bold styling, leading-edge innovation and technology, durability and capability Ram customers have come to know and love.”
The automotive world is abuzz with the announcement that Lanzante, the renowned vehicle specialist known for transforming track-focused machines into road-going marvels, is set to convert the Red Bull RB17 hypercar into a street-legal version. This ambitious project aims to bring Adrian Newey’s V-10 beast from the racetrack to the public roads, and while the challenge is daunting, Lanzante's track record suggests they are up for it. The Red Bull RB17, designed by the legendary Adrian Newey, is a testament to cutting-edge engineering and performance. The track-only version of the hypercar weighs a mere 1,984 pounds, making it lighter than a Mazda MX-5 Miata ND. Yet, despite its featherweight design, it boasts a staggering 1,200 horsepower. This immense power allows it to lap Silverstone a second quicker than a Formula 1 car, according to recent simulations.
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