Christian Zamet

Tough times for Stellantis: Brand cuts ahead? 🚗🔍 Stellantis faces a challenging first half. Operating margins are down. 📉 ― Electric vehicle sales decline in Europe and the U.S. ― Sales volumes drop, and North American inventories rise. ― Net profit fell by 48%. Not a pretty picture! Three brands in danger? Carlos Tavares hints at brand cuts. Which will go? 🛠️ ― Maserati? ― DS? ― Lancia? Uncertain. A broad lineup isn’t always an advantage. Rationalization ahead? 🤔 ― The future is uncertain for Stellantis. How will they turn this around? ― What changes will we see in the automotive landscape? Interested to know more? Here our longer article: French: https://lnkd.in/enwauuZm Dutch: https://lnkd.in/e_mHVZUq Stay tuned for more updates! #AutomotiveIndustry #Stellantis #BusinessStrategy #CarBrands #MarketTrends

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Stellantis CEO Carlos Tavares resigns abruptly https://ift.tt/kE3TiLU Carlos Tavares has stepped down as the CEO of Stellantis with immediate effect. According to a Reuters report, senior independent director Henri de Castries said in a statement that divergent views cropped up in recent weeks among major shareholders, the board and Tavares resulting in the CEO's resignation. The company said it would find a replacement CEO in the first half of next year. Stellantis' statement on Sunday said that its board, including chairman John Elkann, accepted the CEO's resignation "with immediate effect", and that a new interim executive committee chaired by Elkann would be formed. Regarded as one of the most respected executives in the auto industry, Tavares' approach came under inspection after falling sales in North America led the firm to issue a profit warning on its 2024 results. This included a forecast for a cash burn of up to 10 billion euros (over Rs 89,000 crore), mostly due to slow sales and bloating inventories in its North American market, which is the group's profit powerhouse. This warning resulted in a major reshuffling of top management, including changes of its chief financial officer and of its head of North American operations.  After that, however, Stellantis noted that Tavares was not seeking a new CEO term and would retire at the end of his current mandate in early 2026. The process to select a new CEO was initially set to be completed by the final quarter of next year. A person in the know informed Reuters that tensions grew after the board felt that Tavares was moving too quickly and concentrating on near-term solutions to salvage his reputation, working against the best interests of the company. The sudden announcement on Sunday highlights that the widening rift between the board and Tavares had to be grave, given that the parties decided it was better to operate with no CEO on a short-term basis, Bernstein (an asset management firm) analysts noted. Tavares has led Stellantis since its creation in early 2021 through the merger of Fiat Chrysler and Peugeot owner PSA. The firm has 14 brands, and Tavares warned underperformers among the portfolio were at risk of being taken down. His outspoken style has often seen him in conflict with counterparts, including US unions and the Italian government, which complained about his decisions to reduce auto production in Italy. In America, the United Auto Workers union threatened a nationwide walkout, alleging Stellantis failed to keep the commitments it made in a contract finalised last year, but the company said it has complied with the labour agreement. Also See: Bharat Mobility Expo 2025 exhibitor list revealed Maruti Suzuki exports cross 30 lakh unit milestone via https://ift.tt/kE3TiLU

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[NEWS] Stellantis strikes back after dealer outcry: The automaker pushed back against dealers in response to a scathing open letter from its National Dealer Council. The letter’s biggest accusation? CEO Carlos Tavares is leading the company into “disaster.” Calling the letter a “public personal attack,” Stellantis said dealers should have these kinds of conversations behind closed doors. The automaker also defended its strategy — sales were up 20%+ MoM in Aug. Meanwhile, dealers claim these same policies have caused market share losses, layoffs, and a falling stock price. Bottom line: Tensions between dealers and OEMs are nothing new, but rarely are they so public. As dealers struggle to keep the faith — the automaker’s uphill battle just got steeper… Read today’s full car market analysis, presented by Edmunds: https://lnkd.in/gjJzwD6M (Data source: Reuters)

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E-Mobility remains challenging for automotive suppliers and some are leaving the market already. A regular critical review (based on realistic assumptions) of the activities and potential adjustments are a must in such volatile times.

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4 weeks ago, Renault Group and GEELY announced the official launch of HORSE Powertrain Limited, a leading Worldwide Tier 1 supplier dedicated to ICE & hybrid powertrain technologies. Today, we are delighted to announce that aramco will join us as a strategic partner and acquire a 10% equity interest in HORSE Powertrain Limited, valuing the enterprise at €7.4bn. HORSE Powertrain Limited ‘s ultra-low emission and high economy ICE & hybrid technologies are key for the future to address the challenge of decarbonizing the auto industry. HORSE Powertrain Limited will enable Renault Group to seamlessly manage the energy transition by giving the Group full flexibility to adapt to cutomer powertrain demand. It will enable Renault Group to gain in productivity and reduce its fixed costs. HORSE Powertrain Limited will provide future financial performance as it continues to grow and generate cash. Aramco's investment will also further strenghten Renault Group's financial position. Congratulations to all the teams who made this key step in our company’s transformation a reality ! #RenaultGroup #Horse #Geely #Aramco #Renaulution #Energytransition

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Last quarter, in order to defend their #ICE sales decline, #BigAuto #gaslighted us with slower and softer #EV sales. Now, they present their EVs at the #Paris Motor Show and tell us that, "We may be getting close to a tipping point” for EV demand, Thierry Koskas, who heads Stellantis’ Citroen brand, told reporters at the Paris auto show on Oct. 14." So my question is; which one is it? Or have we had such a sales revolution in the last quarter that all of a sudden everything's changed? However, #Europe has to do a lot better. Today, I shared news of the new $11k #Geely #Geome. At the same time, Europe is touting entry-level $25-30k cars. Not even close. https://shorturl.at/4nsFD https://lnkd.in/g_3qBbwg

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Here’s an acquisition that could shake up the automotive supply chain: Luxshare Precision Industry Co., Ltd. is acquiring a 50.1% stake in LEONI, marking a major partnership between two global players. Why does this matter? Leoni, a German leader in wiring systems, is strengthening its financial footing and expanding market access, thanks to Luxshare’s deep pockets and expertise in electronics. This partnership will allow both companies to innovate and expand their offerings in the automotive and electric vehicle (EV) markets. ➤ 1️⃣ Leoni’s footprint meets Luxshare’s production power Leoni’s established presence in Europe and the Americas will now be matched by Luxshare’s production capabilities in China and Vietnam, creating a global platform to serve both regions with localized solutions. ➤ 2️⃣ Customer-focused, regional flexibility Customers in North America, Eastern Europe, and beyond will benefit from more tailored, localized solutions that are still backed by the strength of a global supply chain. ➤ 3️⃣ Parallel acquisition of Automotive Cable Solutions In a parallel transaction, Luxshare’s joint venture, Time Interconnect Limited Singapore, will acquire Leoni’s Automotive Cable Solutions (ACS) division, positioning it as a top independent automotive cable manufacturer. The deal, pending antitrust review, signals a new era for both companies and for the automotive industry as they join forces to drive innovation and deliver even greater value to their customers. https://lnkd.in/ekxiiyya Stay tuned for more updates, insights, and opportunities! Follow us here 👆👆👆 #AutomotiveInnovation #GlobalPartnership #SupplyChain #EV

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Fresh Friday Figures: Daimler Truck has just released its Group financial results for Q1 2024. Here are the key takeaways: ▶️ Solid start into the year with robust profitability in normalizing truck markets ▶️ Stable Group revenue with €13.3 bn, despite expected decrease in unit sales ▶️ Group adj. EBIT rose by 4% to €1.2 bn, Net profit +7% at €847 mn ▶️ Adj. Return on Sales  in the Industrial Business increased by 0.5% pts. to 9.3% ▶️ Strong Free Cash Flow in the Industrial Business with €1.2 bn ▶️ Earnings per share grew to €1.00 (Q1 2023: €0.90) ▶️ Full-year guidance unchanged, headwinds in Europe increasing Key figures at a glance in the slider below, and in the Press Release available in the Daimler Truck Newsroom 👉🏻https://lnkd.in/eQybV228 Daimler Truck AG Daimler Truck North America Mercedes-Benz Trucks Daimler Truck Asia Daimler Buses GmbH Daimler Truck Financial Services GmbH #DTR0CK #Q1

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I must confess I dont understand CEO compensation Mr Tavares earned zillions over the years, like €36mn in 2023 alone. And that, I am told is because HE adds value. He is very good and he created billions, and so him pocketing a small share of these billions is legit. He is skilled the story goes and that's what his amazing skills are worth. Very good. So, in 2024 sales go down dramatically, he will not make much money then (no bonus) and so he walks out. Alright. So, is he skilled or not? Was it skills all these years or just a lot of luck with a bit of skills? And given the big losses in 2024 and in the years to come, he owes money to the company, right? Since it turns out that less value has been created, and maybe value will be lost... This is really a big problem this Exec compensation as is, no? And if someone is skilled and should earn a lot because of that, then very good, this person can buy call options, at the market price and with his own money. If he makes money on that, I wont complain.

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Stellantis Commits to an All-Electric Future by 2030 in Europe 🚗🔋 Despite growing doubts about the rapid shift away from combustion engines, Stellantis remains steadfast in its commitment to sell only fully electric vehicles in Europe by 2030. While some manufacturers like Mercedes and Ford are revising their strategies and extending the life of combustion engines and hybrids, Stellantis European head Uwe Hochgeschurtz is clear: “The electric car is the much better car.” Stellantis stands firm in its vision, undeterred by market uncertainties and competitors’ adjustments. The future is electric, and Stellantis is leading the charge! ⚡🌍 My message to EU policymakers: There should be no doubts about reviewing the 2035 target in the EU. Let's stay committed to a sustainable and clean automotive future. #Stellantis #ElectricVehicles #EVs #Sustainability #FutureOfMobility #GreenTech #EUPolicy #CleanEnergy sorry, article only in German but you'll find your way https://lnkd.in/eNWvWtaw

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Latest news

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Join us this October 8th at the Women Automotive Europe Summit for a day packed with insightful discussions, transformative workshops, and unparalleled networking opportunities. Get ready to be inspired by an incredible lineup of speakers and sessions designed to empower and elevate professionals in the automotive industry. Agenda Highlights: ▶️Choose from our exciting range of simultaneous workshops. Interested in hosting? Message Stephanie May ▶️Chair's Welcome by Micha Goebig, CEO & Founder of Go Big Coaching & Communications, LLC ▶️Keynote Interview with Linda Jackson, CEO of Peugeot, and Roger Atkins of Electric Vehicles Outlook Ltd discussing "My automotive career." ▶️Gain insights on resilience in supply chain management from Sabine Angermann, VP Purchasing at Porsche AG ▶️Participate in interactive roundtable workshops with topics ranging from Transformational Leadership to Negotiating Strategies for Women. ▶️Listen in on "Inspiring Inclusion" with experts like François Dossa from JLR and Sara Aghaeian from Volvo Cars. Secure your seat at a discounted price before tomorrow, 10 July - https://bit.ly/4aR1t2Z This summit is not just an event; it's a stepping stone to advancing your career and making meaningful industry connections. Don't miss out on the opportunity to hear from thought leaders, share your experiences, and learn strategies for success. Interested in joining our panel of speaker? Contact Stephanie May. #WomenAutomotiveNetwork #EuropeSummit #AutomotiveIndustry #Leadership #Networking #Innovation #DiversityAndInclusion

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Today is a big day for @The Future Is NEUTRAL! We welcome on board @SUEZ as a strategic shareholder alongside our historical shareholder @Renault Group ! This is a major step forward in our exciting journey to build the first 360° circular economy platform in the automotive world, open to partners and serving all automotive players, car manufacturers, suppliers, after-market networks, insurers, or private customers. More than ever, unity is strengths! Together, we support the automotive industry engage its transformation towards circularity, thanks to concrete solutions designed to reduce dependence on virgin raw materials 🤝 #thefurureisneutral #renaultgroup #suez #circulareconomy #fromcartocar #circularity

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Renault Group stock rises following Q3 2024 results announcement: revenue up 5.0% at constant exchange rates ⬇ 📊 For the first nine months of 2024, the Group reported €37.7B in revenue, a 0.8% increase, or 3.7% at constant exchange rates. 🚗 Automotive revenue hit €33.7B, down 1.5%, but up 1.1% when adjusted for currency effects. 🚀 Q3 revenue reached €10.7B, with a 1.8% growth overall and 5.0% at constant exchange rates, benefiting from Renault's aggressive product offensive. 📈 Renault's models are performing strongly: Renault ranked 3rd in Europe, Clio is the 2nd best-selling car, and Dacia's Sandero topped the charts across Europe. 💬 Renault’s focus on a diverse, electrified lineup and disciplined cost management seems well-positioned to drive sustained growth through 2024 and into 2025.

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🚗💡 The landscape of affordable electric vehicles (EVs) in Europe is evolving rapidly. Recently, Volkswagen walked away from talks with Renault to jointly develop an electric version of the Twingo, a move that could reshape the market dynamics for affordable EVs. This decision means VW will now pursue its own path to create a low-cost EV, while Renault continues to design its electric Twingo, slated for a 2026 release. Both companies had hoped to share development costs to better compete against the influx of cheaper Chinese EVs. The potential partnership was seen as a step towards an "Airbus for autos," a unified European front against external competitors. At Expleo Group, we understand the critical role collaboration plays in driving innovation and cost-efficiency. This development raises a pivotal question: In the face of rising competition from Chinese automakers, should European car manufacturers prioritize collaboration over competition to accelerate EV advancements and cost reductions? https://lnkd.in/ej2fFFfN

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