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

[AlexB]

Another European analyst ask about dividends & first PSA related “Mopar Model”.

 

[AlexB]

Carlos states beyond the $1 billion divided, it not the correct time to talk about dividend.

 

[AlexB]

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.

 

[AlexB]

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.

 

[AlexB]

New analyst calls ask about Electric direction in Five Years.

 

[AlexB]

Carlos states LCV’s will quickly move to full EV.

 

[AlexB]

Carlos importance of aerodynamics, weight to increase range of EV’s. Calls it a significant challenge for engineers.

 

[pumadog]

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 …?

 

[AlexB]

Now a question about Vauxhall plant.

 

[pumadog]

Carlos importance of aerodynamics, weight to increase range of EV’s. Calls it a significant challenge for engineers.

Solution: More cars, less SUV.

 

[AlexB]

Carlos stated ICE banned in 2030 in U.K. were brutal.

 

[AlexB]

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.

 

[AlexB]

Question about Tesla credits & what to change about China.

 

[AlexB]

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.

 

[AlexB]

On Tesla...Palmer states approximately 300 million Euro .

 

[AlexB]

Carlos thanks everyone support of FCA & PSA ending the call.

 

[Bili]

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.

 

[AlexB]

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

 

[TripleT]

Solution: More cars, less SUV.

Doesn't mean that at all... but those wishing for preference for less useful vehicles can continue to hope for a comeback.

 

[Bili]

@pennellotref

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