A complete idea of the projects of the new Stellantis Group will only be available when it will be; presented the industrial plan which should arrive by the end of the year. However, as stated by CEO Carlos Tavares during the Automotive News World Congress event, the Group dar & agrave; each of its 14 brands 10 years to prove their worth.
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Auto 03 May
10 YEARS FUNDING TO GROW
At the time of the merger between FCA and PSA it was thought that the new Group could decide to eliminate some brands. Instead, it is not; been so and everyone will have; the possibility to carry out his own project of relaunch or development with a time horizon of 10 years. The commitment made by Tavares also means that Stellantis will not yield; none of its brands to raise capital until at least 2031.
For the time being, we love them all and you can't kill us & ograve; that you love. When you love them, give them a chance.
All brands will therefore have 10 years of & quot; tranquility & quot; in which they will be able to organize their growth, a strategy a bit unusual given the period in which car manufacturers cut costs and deadwood to rationalize investments.
How many brands have 10-year funding to organize growth? & Egrave; what we are giving them. So they have a chance. If they succeed, we will applaud them. If they lose, we'll see what to do.
According to analysts, however, it's a fair period to check the effectiveness of upcoming new projects. Obviously, any brand will be able to & agrave; take advantage of synergies at Group level and this should simplify the development of new models, as well as significantly reduce costs. For some brands it will be & agrave; more difficult to emerge since they start from a more complex situation. Think, for example, of Chrysler or Lancia.
Given what was announced by the number one of Stellantis, the industrial plan could hold some surprises. Tavares also added that the company & agrave; is redesigning its strategy in China . All that remains is to be patient to find out more. also because & eacute; the CEO made it clear that before the presentation of the new business plan towards the end of the year, other important news will be communicated; on their projects. Unfortunately, no details have been provided.
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