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FCA & PSA Full Year 2020 Earnings & Carlos' First Wall Street Conference Call (9:30 U.S. EST) 11.4%. EBIT North American Margin

Another European analyst ask about dividends & first PSA related “Mopar Model”.
 
Carlos states beyond the $1 billion divided, it not the correct time to talk about dividend.
 
Carlos states product spending & related investments will stay under 8% of revenue.
He states Stellantis will always cancel project if market conditions changes & most profitable have priority.
Carlos states investments in starve brands must also be balance by Shareholder interests.
 
Carlos talking about premium brands DS/Lancia/Alfa
He states Alfa needs to do a better job in targeting the segments its need to play in.
Carlos stated a strong 3 premium brands is better than one.
No plan announcement until 2022.
 
Carlos importance of aerodynamics, weight to increase range of EV’s. Calls it a significant challenge for engineers.
 
Don't know if you had that yet, but the presentation says Capital Markets Day late 2021/early 2022. So no Alfa outlook in September …?
 
Now a question about Vauxhall plant.
 
Carlos “Why gumbo the sourcing of EV powertrains”, states he needs commitment from the U.K. Government.

States the governance of Stellantis is not to spend money on plants & products without a strong financial reason behind it.
 
Question about Tesla credits & what to change about China.
 
Carlos stated don’t commoditize the brands in China & the correct messaging for the brands in China.
Carlos stated China announcement by the end of the year.
 
Carlos thanks everyone support of FCA & PSA ending the call.
 
I disagree with Tavaresh on a lot of topics. His way is not a good way for premium brand. JMO
In my book FCA has just one premium brand.
 
GM Q4 2020 North America did EBIT of $2.6 billion on $30.2 billion of revenue GM 2020 Q4 Earnings Presentation VF | Economies | Earnings (scribd.com)
Stellantis North America/''Chrysler ''Business Q4 2020: EBIT Profit of $2.22 billion Euros ($2.7 billion U$D) on 19.1 billion EUROS of revenue ($23.05 billion USD).
Mopar out earns its ''firing power'', and beated GM once again on making money from manufacturing vehicles .
GM's 8.7% vs Stellantis's 11.4% EBIT Margins

@redriderbob
 
@pennellotref

Can you say what did Tavares said about future products/platforms for North American market? PSA platforms and plans for them.
 
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