Note: this is what we get instead of the the normal U.S. Quarterly Financial reporting in lieu of The new French reporting of mid-year financial and full-year financial reporting. The(French Government) thinking there's more ''long-term'' focus, but why do a quarterly sales call that could generate in theory on ''pushing product''?
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Stellantis Q1 Shipments+Revenue (and likely chip shortage update) Confernce call :May 5th
- Thread starter AlexB
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Note: this is what we get instead of the the normal U.S. Quarterly Financial reporting in lieu of The new French reporting of mid-year financial and full-year financial reporting. The(French Government) thinking there's more ''long-term'' focus, but why do a quarterly sales call that could generate in theory on ''pushing product''?
Analyst ask is Stellantis financial forecast is unreasonable. Palmer said no.
Palmer states particular in North America the company is prioritizing higher margin and priced product builds & models for chips.
The team is learning to live with light inventory in North America and Globally.
Palmer states particular in North America the company is prioritizing higher margin and priced product builds & models for chips.
The team is learning to live with light inventory in North America and Globally.
Yes.
A question was about how GM doing 12% EBIT margin in Q1 2021 in North America asking is it reasonable to look for the same for Stellantis?
Palmer said yes and pointed out that the trend has been for FCA-Stellantis North America to beat GM in Margins in North America.
Palmer said yes and pointed out that the trend has been for FCA-Stellantis North America to beat GM in Margins in North America.
Palmer states he don’t see why he don’t get that the second half will be better than the first.
He points out the U.S had summer pattern but there is risk with chip shortage, and in the recent years the North American business past few years gets the bulk of the results out of the second half.
He points out the U.S had summer pattern but there is risk with chip shortage, and in the recent years the North American business past few years gets the bulk of the results out of the second half.
Question about how the combing of Stellantis is going….Palmer stated they now under the same “Key Performance Indicators”. Getting the processes into one will take time but the company is excited to undertake.
Question about EV: Will capex increase to fund these EV problems.
Palmer stated they will continue to be efficient with capex like FCA & PSA had been historically. He noted Capex is big part of the merger synergies which Stellantis room to invest in EV’s.
Palmer stated they will continue to be efficient with capex like FCA & PSA had been historically. He noted Capex is big part of the merger synergies which Stellantis room to invest in EV’s.
Palmer stated pricing gains especially in North America is generated by management decisions made in “around 2015/2016” not by COVID & Chip impact on production and are long-term.
Palmer stated it’s a function of Brand, Quality attractive product while making sure the portfolio appropriate profitability.
Palmer stated it’s a function of Brand, Quality attractive product while making sure the portfolio appropriate profitability.