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Stellantis to report 1st Half of 2021 Earnings on August 3rd
- Thread starter AlexB
- Start date
Carlos answer on question One:
European business doesn’t exist in a vacuum, Stellantis is global automaker.
He sidesteps the question about Euro economy by talking about Chip shortage (they don’t think it will get worse).
European business doesn’t exist in a vacuum, Stellantis is global automaker.
He sidesteps the question about Euro economy by talking about Chip shortage (they don’t think it will get worse).
Another analyst: Question trying to figure out the dividend by thinking about cash flow(analyst guess is 7 billion Euros).
They trying to back him off that by bring up that nobody knows for sure about the chip shortage.
They also bring up the role of the Board Of Directors for the dividend.
They trying to back him off that by bring up that nobody knows for sure about the chip shortage.
They also bring up the role of the Board Of Directors for the dividend.
Question about Italy by analyst: Carlos stated he told the Italian stakeholders that with the E.U. regulations that there’s no protection for “The Status Quo”,and management is trying there best.
Carlos states the Italian stakeholders understand the needed for change.
Carlos states the Italian stakeholders understand the needed for change.
On question about what’s next on pricing Carlos stated there’s inflation/chip shortage/Electric technology etc.
Carlos stated they would pass on to the end consumer.
Carlos does warn about EV Technology could cause Global Auto markets market to shrink by having mobility that too costly for the middle class.
Therefore it is important for Stellantis to be flexible enough to reduce breakeven point.
Carlos stated they would pass on to the end consumer.
Carlos does warn about EV Technology could cause Global Auto markets market to shrink by having mobility that too costly for the middle class.
Therefore it is important for Stellantis to be flexible enough to reduce breakeven point.
Final question is about Wagoneer family : Carlos states they are highly profitable and will be prioritize in production.
Richard Palmer stated he’s looking for 20,000-30,000 of Wagoneer family to be produce in 2021, but that’s not a hard target(“I don’t want to pressure the team”).
Richard Palmer stated he’s looking for 20,000-30,000 of Wagoneer family to be produce in 2021, but that’s not a hard target(“I don’t want to pressure the team”).
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I doubt it, at least not for a couple years. Grand Cherokee sells nearer to 200k/year in the US and some of those customers may be willing to pony up for a larger, more luxurious vehicle, but that is essentially the purpose of the Grand Cherokee L. Escalade is around 30k per year and Navigator is 15k-20k per year. Combining sales of the lower-trim Wagoneer with the Grand Wagoneer may help them achieve their target, but they will have to eat into the sales of non-luxury full-size SUVs like the Tahoe, Yukon, and Expedition which usually have loyal buyers. I think not offering 4WD on the Wagoneer Series I will hurt them a bit.
Stellantis thinks they will build 137k Wagoneer models globally.
They plan on making run for Tahoe/Suburban?
In that case… the former Chrysler business (North America) becomes a cash machine……
There will be other powertrain options for export models... this includes a 3.6-liter model