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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

Carlos states all FCA & PSA employees “get it” about Stellantis and the need to make disruptive decisions.

Carlos says “ no way” will Stellantis be a “Legacy Company”.
 
Breaking News! @redriderbob @Ryan
@TripleT @Bili

Carlos announces No More Quarterly Earnings (its a European Company)
Carlos states Manley is helping him alot.
Quarterly Sales report
*First Half Earnings & *Second Half Earnings as well the *Shareholder meeting.
 
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AlexB said:
But H1 had HUGE virus shutdowns so * is appropriate for First half.:sneaky:
Click to expand...

Hmh... I would argue that FCA was hit harder. It doesn't matter.

I don't think that FCA and PSA results are comparable because of different accounting methods.

It seems that PSA had postponed some projects by a lot. Their fake DCT project is postponed to 2023. I say fake because it has a single clutch so technically it's not a DCT.
1.jpg
 
AlexB said:
Carlos announces No More Quarterly Earnings (its a European Company)
Carlos states Manley is helping him alot
Quarterly Sales report
First Half Earnings & Second Half Earnings as well the Shareholder meeting.
Click to expand...

I found it strange.
 
Headwinds :
Raw materials cost inflation
*Production losses from Semiconductor shortage( Carlos states better shape than the other Detroit players).
*Increased Electrification cost.
*Negative Currency effects
 
Carlos states they working on a plan to handle any Biden emissions standards.
 
European JPM analyst ask about eliminating FCA’s European R&D spending, and how quick can the company share powertrain.
 
Carlos jokes about the size of the question.
Carlos brags about H2 PSA EBIT (9.4 EBIT).
Carlos said the Italian team is hungry & opened minded and lot of decisions have been made.
Carlos state they will leverage both companies ICE tools to avoid new investments ...
Carlos praise the FCA’s Wayno relationship and says more announcements are coming.
 
He states they really just getting start on model strategy each brand that focus on sharing for savings.
 
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Another European analyst ask about guidance and flying cars.
 
Carlos stated Stellantis “will not be an Dinosaur” and talks how flying cars fit in with the company high tech investments .
 
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