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Sergio is smiling:North America record margin 16%+, UAW workers $14,670

AlexB

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Shareholders get dividend of $3.75 billion(3.3 billion Euros) Stellantis Posts Record Results in its First Year with 11.8% AOI Margin(1)(2) and €13.4 Billion Net Profit(1), on a Pro Forma basis

Here’s the start of the breakdown:
North America:Operating margin of 16.4% for Second Half 2021 and operating margin of 16.3% for Full Year 2021
North America: Revenue of 37,289 billion Euros for Second Half 2021 while shipments were 947,000 . Revenue of 69,736 billion Euros for Full Year 2021 on shipments of 1,820 million.
  • Shipments down 2%, mainly due to discontinuation of Dodge Grand Caravan and Journey in H2 2020, partially offset by 2021 Jeep and Wagoneer white-space launches, as well as higher Ram pickup volumes
  • Net revenues up 15%, primarily due to favorable vehicle mix and strong net pricing, partially offset by unfavorable FX translation
  • Adjusted operating income up 85%, with record 16.3% margin, driven by higher Net revenues
Like I stated multiple times:

Outside of the stronger profile of the combination of finances, there's no impact to the North American business which been undergoing a transformation started by legendary Sergio in about 2015. Under Sergio, the North American business with 2015/2016 slashed sales to fleets (especially rental sales), overhaul dealer wholesale payment formula ,and cut unprofitable products (200 and Dart) in what turned out to be long-term declining vehicle categories.

On top those actions ,Sergio and his team at FCA went after ''Money left On The Table '' opportunities regarding Grand Cherokee, Wrangler and RAM. ''Money left On The Table '' opportunities included price, options & equipment, features , trim levels & packages ( including special editions), configurations (RAM Crew Cabs, Grand Cherokee L with 3-rows, birth of Gladiator), mix of configurations, overall mix, dealer allocations , and stimulating demand for these products as well huge investments in Capacity to build these products (Grand Cherokee, Wrangler, Gladiator RAM and family of Wagoneer ).

These actions all together have created strong Average Transaction Prices, among the highest mass marketed, which driven EBIT Profit margin (Earnings Before Interest and Taxes) higher than 10% (Sergio's target) and resulted in highest profitability for an OEM in North America. The addition of the Wagoneer family will further enhance the profitability of the North America unit.
The actions have taken place with the U.S. buyer moving away permanently from the traditional small & midsize passenger car categories which enhance the results of the actions strengthening the North American business for long-term health as the products categories focused on by the 2025/2016 direction can better handle new technologies while preserving profitability & value prospection of the models and brand DNA. Product categories like the traditional midsize passenger car category faces total extinction with ''the storm'' of new technology such as infotainment, driver aids, and Electric adds cost which in-turn changes the value prospection in such a point where there's no marketability to the category .

So to recap Sergio & his team achieve best in region profitability ,they also set the company up in North America to weather the ''storms'' of economy/social/tech. The wacky ''fantasy'' that PSA products in the A/C/D traditional segments in Europe would be modified & federalize by a cost-cutting CEO (Carlos Tavares) is peak lunacy (and base on what that same crowd
recently stated on ''that other website'' there's some that don't understand the difference between EBIT or after tax profit vs revenue which is downright funny).

Carlos Tavares is focusing on reducing build cost/cost of goods/material cost which if successful without harming the commercial appeal of the products will only lead to bigger EBIT Margins likely in the Mid-teens in North America. As focusing on margins continues, Stellantis won't invest in poor segments, and will invest in all things Electric technology.”
Sergio is right.
 
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AlexB

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AlexB

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Alfa go full BEV by 2027
FIAT brand in Europe full BEV 2027
Lancia full BEV 2026.
1st BEV Jeep by 2023
 
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Mopar392

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Chrysler doesn't see any new product until 2025, and with demise of the 300 in 2024, Chrysler will be left with only one product in 2024.
Out of the American side of the portfolio, looks like only Chrysler will be BEV only.

I thought Grecale will be PHEV. Either it was changed to BEV only or I missed it the first time it was announced.
 

AlexB

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Chrysler doesn't see any new product until 2025, and with demise of the 300 in 2024, Chrysler will be left with only one product in 2024.
Out of the American side of the portfolio, looks like only Chrysler will be BEV only.

I thought Grecale will be PHEV. Either it was changed to BEV only or I missed it the first time it was announced.
They stated that back during January at CES
 

Deckard Cain

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I think going BEV only by 2027 makes perfect sense for Fiat. It's a very effective way of cutting manufacturing costs and complexity ASAP (no need to keep ICE and EV platforms).
Models that share EV and ICE power train usually have compromised interior space compared to pure EVs. I am curious if they will replace the Tipo with a new model and also launch a compact SUV.
Fiat has the potential to sell more than Citroen and Peugeot. Not sure if the French would cope well with that though.
Make the following by 2027:
Centoventi (Panda successor)
Punto replacement,
B-SUV,
New Tipo generation,
Compact SUV
Fiat would sell more than any other brand in the group with that line-up.

It's incredible the increase in profits in every major geographical area. I wonder what some individuals at the other forums have to say about this. Their head must be spinning.
 

AlexB

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49.7 billion Euros of Cash
Net Industry cash of 18.7 Euros Billion
Remember the days of net debt due FIAT’s involvement with Chrysler :unsure:
 

AlexB

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I think going BEV only by 2027 makes perfect sense for Fiat. It's a very effective way of cutting manufacturing costs and complexity ASAP (no need to keep ICE and EV platforms).
Models that share EV and ICE power train usually have compromised interior space compared to pure EVs. I am curious if they will replace the Tipo with a new model and also launch a compact SUV.
Fiat has the potential to sell more than Citroen and Peugeot. Not sure if the French would cope well with that though.
Make the following by 2027:
Centoventi (Panda successor)
Punto replacement,
B-SUV,
New Tipo generation,
Compact SUV
Fiat would sell more than any other brand in the group with that line-up.

It's incredible the increase in profits in every major geographical area. I wonder what some individuals at the other forums have to say about this. Their head must be spinning.
I think it works well with Cities and Fleets.
 

AlexB

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Palmer (FIAT’s long running CFO basically 2005 ) once again states Grand Caravan discontinued being negative for shipments but positive for Margins.
 

AlexB

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Carlos states Stellantis is blessed by diversity both by heritage of the predecessors and the individuals.
 

AlexB

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Carlos states Stellantis is committed to the cost savings goal of the Merger.
 

AlexB

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1st question: can Stellantis continues the profitability of in North America.
 

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Carlos states Stellantis has the best team in North America called them “sharp “ “taking the best out the U.S.”.
Carlos talk about “fighting soft cost” in North America will keep the profitability pace.
Palmer added that in 2022 Stellantis will a more full year of Wagoneer & Grand Cherokee families.
 

AlexB

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About a Question of Europe performance:
Carlos stated too much administration in Europe,and lot of that is due to Europe is groups of Automakers coming together.

He stated an announcement is coming soon and they can improve marketing in Europe.
 

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To a question about North America, Carlos praise the North American team and stated they continuous improvement with internal benchmarking.
Areas of Improvement in North America are:
*Cost
* Dealer Network Experience
*Quality & Reliability
 

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Carlos says supplies must step up, and must keep the FCA and PSA’s hard work at lower break even while offsetting future cost.
 

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Final question is about Stellantis Stock price and the underperformance (vs $F ).
Carlos gave a interesting response stating he may not be the best person to communicate the Company’s direction, and that Company belongs to the Shareholders.
:unsure: :unsure: :unsure: :unsure: :unsure:
 

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