Stellantis Investor Day from Auburn Hills:At 8:00 AM EDT

[AlexB]

Today at the first Stellantis Investor Day at 8:00 a.m. EDT / 2:00 p.m. CEST in Auburn Hills, Michigan, U.S., CEO Carlos Tavares will outline the Company’s nine key strategic differentiators that the Company is leveraging to unlock value and address the disruption and reinvention of the auto industry worldwide.

Chief Financial Officer Natalie Knight and other members of the Top Executive Team will share updates on the Company’s regions, functions and brands.

Stellantis management confirms its 2024 financial guidance and capital return plan:

• Double-digit Adjusted Operating Income (AOI) margin and positive industrial free cash flows.
• Capital Return: Delivering ≥€7.7 billion in dividends and buybacks in 2024.

CFO Natalie Knight will reiterate more specific color on first and second-half expectations within the 2024 period:

• H1 outlook of 10-11% AOI margin, with industrial free cash flows visibly below the prior year period.
• Significant product launches, cost initiatives and anticipated improvement in working capital together support H2 sequential improvement opportunity in AOI and industrial free cash flow.

Stellantis is also updating its capital plan in several significant ways:

• Setting target liquidity levels of 25-30% of revenues for the medium-term, shifting focus to capital efficiency and supporting strong shareholder returns.
• The Company will continue to use share buybacks and ordinary dividends to return excess cash to shareholders.
• In 2025, Stellantis will target the upper range of its 25-30% dividend payout policy vs. 25% in recent years.

A webcast of the live event is available at:

OpenExchange

 

[CloversPlusCats]

The clear as day favorite child got a roadmap. Let's see if it keeps at it.

Renegade is the mystery $25k electric Jeep. ICE/hybrid variants hopefully shall be cheaper.
They're not eager to slap the Cherokee on the upcoming mystery midsize that fast though.
Recon is moved to 2025.

 

[CloversPlusCats]

Next gen Durango launches next year.
Chrysler...moved up again?

 

[UN4GTBL]

The clear as day favorite child got a roadmap. Let's see if it keeps at it.

Renegade is the mystery $25k electric Jeep. ICE/hybrid variants hopefully shall be cheaper.
They're not eager to slap the Cherokee on the upcoming mystery midsize that fast though.
Recon is moved to 2025.

Yeah, I was wondering about the hesitancy to put the Cherokee name on that "UV" lol

 

[AlexB]

Yeah, I was wondering about the hesitancy to put the Cherokee name on that "UV" lol

If you play the North America video, Jeep CEO called it the Cherokee.

 

[UN4GTBL]

If you play the North America video, Jeep CEO called it the Cherokee.

Yes, I know it's been "confirmed" as the Cherokee, but just found it interesting that the slides didn't have "Cherokee" on them

 

[ChargerFan1]

IMO EV Charger is "delayed" to let the gasser catch up production wise. Debuting it a year after the in-coming flopper EV would be a death sentence

Any other "mysteries" are other EV roll backs, ie, Cherokee.

$25K Jeep is a pipe dream, likely made up by Tavares so he can keep his job a little longer via board. Do they have the platform / parts / scale/ volume / plant to even make it without losing their ass on each one? PIPE DREAM from the worst CEO ever.

Any news from Chrysler? Or are we still banking on that model 3 rip off thing?

We are in a bad way. Word is they are just here to grab Jeep and Ram, close all US offices (already for sale) and stay HQ'd in Europe - BUT..., incoming admin can stop it. They already tried to close and sell Brampton until (conservative) Doug Ford stepped in and said that would never happen. He saved Windsor too. Is there any lifelines in the US to hold these scammers accountable? November.

 

[CloversPlusCats]

IMO EV Charger is "delayed" to let the gasser catch up production wise. Debuting it a year after the in-coming flopper EV would be a death sentence

$25K Jeep is a pipe dream, likely made up by Tavares so he can keep his job a little longer via board. Do they have the platform / parts / scale/ volume / plant to even make it without losing their ass on each one? PIPE DREAM from the worst CEO ever.

Any news from Chrysler? Or are we still banking on that model 3 rip off thing?

Sixpack being able to be advertised closer to it's on sale date once Daytona finally shows up would just be moreso a silver lining to the fact that they had the unexpected issues and need more time to fix those. I don't think having to deal with stuck hatches so customers don't buy cars that have hatches that can get stuck was apart of the release strategy.
I do wonder where the mules for the ICE is considering testing was supposed to start a couple of months ago (April 2024)...or so said Butters sources who seemingly got the 400V Daytona testing dates (December 2023) right. Also have yet to see sedan Chargers which were apparently scheduled for testing units in February.

I think Renegade goes to STLA Small unless there's a plan for STLA Smart to come stateside. The former makes it's debut in some car in 2026. A bit late to get after Kia and Chevy if you ask me.

Chrysler is actually in an even more worrisome position if they're moving their first new car since Pacifica to 2026, as the slide deck had shown. Last time they spoke said a Pacifica refresh would come after C6X/'''Airflow''' but that's probably now coming before the new model.