Marius Ferent

Carlos Tavares has resigned as CEO of Stellantis immediately. According to Reuters, tensions arose in recent weeks between major shareholders, the board, and Tavares, leading to his #resignation. The company plans to appoint a new CEO by mid-2025. Stellantis' board, including chairman John Elkann, accepted Tavares' resignation and announced an interim executive committee will be formed. Tavares known as a respected leader in the auto industry faced scrutiny after declining sales in North America led to a profit warning for 2024, including a projected cash burn of up to 10 billion euros. This warning triggered a reshuffling of top management including changes to the CFO and head of North American operations. Tavares had led Stellantis since its formation in 2021. He warned that underperforming brands could be cut from the portfolio. His bold decisions, such as reducing auto production in Italy, often sparked conflict with unions and the Italian #government. To share your startup story write us on - [email protected] #Stellantis #CEO #CarlosTavares #News #startup

3

What/Who do you see ? One high flyer ? Nothing more ? Look closer… Do you really know the members of your team, and how they contribute ? Are some of them invisible (but nonetheless present and doing a crucial job)? Mindful leadership starts with paying attention.

5

Electric vehicles (EVs) and hybrid vehicles will increasingly impact traditional fuel vehicles as new energy technologies continue to optimize. To counteract market headwinds, it would be a more optimistic move to embrace collaboration with electric and hybrid vehicles.

2

😎🚗🚚12/09/2024: OICA's 5 major #automotive news summarized: ### Stellantis to rejoin ACEA auto manufacturers association   **Reuters – December 7, 2024**   Stellantis plans to rejoin the (European Automobile Manufacturers'​ Association (ACEA), marking a shift in its strategy under new leadership. This move highlights Stellantis’ commitment to collective industry efforts and addressing challenges in the European auto sector, including electrification and regulatory pressures.   [Read more](https://lnkd.in/es-vE5Fq) ### Struggling Nissan plans executive reshuffle, including CFO   **Nikkei – December 7, 2024**   Nissan Motor Corporation plans a leadership overhaul, including redefining the CFO role and other executive positions, amid declining profits and major restructuring. The automaker aims to cut 9,000 jobs and reduce production capacity globally, tackling its financial and strategic challenges ahead of significant EV investments.   [Read more](https://lnkd.in/e-jkZTje) ### Auto Production Tumbles in Canada Before Trump’s Return as Detroit Pulls Back   **Bloomberg – December 6, 2024**   #Canadian auto production faces a multi-decade low, with only 1.3 million vehicles expected in 2024, driven by reduced demand and U.S. automakers scaling back. #Trump's tariff threats exacerbate challenges, risking the region’s integrated supply chain and competitive edge in the North American auto market.   [Read more](https://lnkd.in/ehEZF6tP) ### Stellantis, VW brace for another rough year as industry struggles in Europe   **Bloomberg News – December 7, 2024**   Stellantis and Volkswagen Group face a challenging 2025 amid falling demand, potential U.S.-EU trade wars, and labor unrest. Struggling with market share in China and slow #EV adoption in Europe, automakers must navigate cost-cutting, stricter regulations, and escalating union conflicts in Germany.   [Read more](https://lnkd.in/ekFhmRRm) ### VinFast to build second production plant in Vietnam   **Reuters – December 8, 2024**   VINFAST will open a second plant in #Vietnam by 2025, doubling its annual capacity to 600,000 vehicles. Focused on domestic and global markets, this facility enhances production efficiency and supports VinFast's growing international expansion, including plans for assembly plants in Indonesia and India.   [Read more](https://lnkd.in/efmUz5PJ)

24

Stellantis has announced executive changes that include the supply chain and logistics organisation separating from purchasing and reporting to manufacturing chief officer Arnaud DEBOEUF. The move, which follows more recent alignment between logistics and manufacturing, aims to break down silos, increase shared technology and flexibility across operations #managementrestructuring #executivemoves #supplychainlogistics #purchasing #automanufacturing #companyperformance #supplychainmanagement Maxime Picat Antonio Filosa Jean-Philippe Imparato Doug Ostermann Grégoire OLIVIER Santo Ficili İlkhan Ozsevim Megan Kelly Christopher Ludwig Richard Logan Emily Uwemedimo Anushka Dixit Nick Holt Daniel Harrison

62

5 commentaires

Launch of a new online training course “Good Lean Bad Lean”. Teachers: ex-VP of Production of Toyota Motor Manufacturing France (to describe Good Lean) and the CEO of Marris Consulting (to point out the traps of Bad Lean). E-learning at your own pace. Nearly everyone is “already doing Lean” and, in the vast majority of cases, the results are disappointing, both financially and in terms of the adoption of the different elements, from the tools and principles to the “philosophy” or Lean culture. Yet the company that "invented" Lean – Toyota Motor Company – continues to outperform its competitors all over the world. For instance, in France the Toyota Motor Manufacturing France (TMMF) car assembly plant continues to be profitable and continues to grow in sales and in the number of its employees thereby demonstrating the power of “Good Lean”. No other car manufacturer can do this. How does Toyota obtain results that all their competitors claim are impossible? To understand the key success factors of Toyota, Reynald Debaut-Henocque, ex-Vice President of Manufacturing of Toyota Motor Manufacturing France presents 80% of these video on-demand training sessions. He has experienced first-hand the development of Toyota’s manufacturing in France since 1999. He will explain the Toyota way or “Good Lean”. Philip Marris presents the “Bad Lean” practices that he has observed based on his over 30 years’ experience in over 300 companies all over the world and in all kinds of industries. He will also explain how to adapt Toyota's solutions to other non-automotive industries. This is “advanced” Lean training, they do not present the basics of the Lean tools (5S, 5 whys, etc.). The topics covered include: partnership with suppliers; Lean product development / Lean Engineering; Manufacturing management; Quality management; Standardized work; Visual management; the essential growth in turnover ... The goal of this training is to help organisations improve their performance by understanding the keys to “Good Lean” and avoiding the pitfalls of “Bad Lean” so that they can adjust, build or rebuild their Lean efforts and get closer to the results obtained by Toyota whatever their business. https://lnkd.in/er8ZpJ8D

2

Stellantis TO INTRODUCE ITS FIRST HYDROGEN-POWERED VEHICLE IN THE NORTH AMERICAN MARKET [Hydrogen Insight] The new version of the Ram 5500 pick-up truck is to be manufactured in Mexico, says group’s head of H2. European-American vehicle maker Stellantis — which owns brands such as Chrysler, Fiat, Citroën and Maserati — is to launch its first hydrogen-powered vehicle in the US, according to the groups’s head of H2, jean-michel billig. Back in February, Stellantis unveiled hydrogen-powered versions of eight of its existing battery-electric vans for the European market, and almost immediately announced it had received an ‘unprecedented order’ for 150 of them from French company Hysetco. The company now plans to significantly expand production for fuel-cell commercial vehicles to 100,000 units per year by 2030 — even though it has so far only sold 350 units — and will introduce its first hydrogen-powered vehicle in North America, a Ram pick-up truck, Billig told German newspaper Welt am Sonntag. “This year, we are starting production of larger vehicles in Poland, and development in North America is expected to follow quickly — especially with the large Ram 5500 in a fuel-cell version,” he said, adding that the new model will be manufactured in Mexico. Source: Hydrogen Insight https://lnkd.in/e7XWfnkN

6

1 commentaire

Known for orchestrating the turnarond of Opel in Europe, the CEO of Stellantis, Mr. Carlos Tavares, had resigned. Stellantis has lost almost 50% of share value and has driven the former “Chrysler” division into the ground. Definelty not “lean” thinking with Stellantis, i.e., waste reduction - beyond comprehension “over production” leading to major inventory challenges and over-stocking at Stellantis dealerships, and then thinking that the US consumer would rescue Stellantis with vehicle purchases…..simply not protecting the share value, the share holders and presuming on the American consumer. Does the book - “ Taken For A Ride” by Bill Vlasic and Bradley A. Stertz - resonate? Not necessarily the identical plot; however, how does the merger of FCA and PSA manage to kill the market brands and related goodwill associated with Jeep, RAM, and then desimate the “cash flow” linked with the Charger and Challenger products (“let’s replace Challenger’s V8 ICE platforms with EV versions - yeah, that will bolster sales and cash flow!”). What’s next for Stellantis? Wasteful thinking combined with a wasteful strategy equals thousands unemployed, Tier I suppliers, and even their suppliers, with loss of revenue and again thousands of affected households.

2

Are you ready for E-Mobility? The market share of electric vehicles is growing steadily and soon independent workshops will also be serving more and more customers in this sector. Familiarize yourself with the topic and meet our experts Pete Bradley, Frank Brown and Mario Maaß. Get some interesting insights into the broad field of E-mobility. Register now for the new webinar. #emobility #trends #batterymanagement #oe #outlook #webinar

35

😎🚗🚚12/02/2024: OICA's 5 major #automotive news summarized: ### **Stellantis CEO Carlos Tavares Abruptly Quits Amid Sales Challenges**   *Reuters - December 2, 2024*   Carlos #Tavares resigned as Stellantis CEO following plummeting U.S. sales, dealer dissatisfaction, and a 40% stock drop in 2023. The leadership change aims to address strategic and operational challenges as Stellantis seeks new direction amid Jeep and Ram brand declines.   [Read more](https://lnkd.in/eGv2nGnG) ### **India's November Car Sales Rise 4%, Driven by SUV Demand**   *Economic Times - December 2, 2024*   #Indian car sales grew 4% in November, reaching 350,000 units. SUVs dominated, comprising 29% of Maruti Suzuki India Limited’s sales. Toyota surged 45% with high-demand models like the Innova Crysta. Rising EV adoption contributed 20% of JSW MG Motor’s sales.   [Read more](https://lnkd.in/eGE3vvmM) ### **Toyota, Honda Likely to Surpass Profit Forecasts Amid Weak Yen**   *Nikkei - November 30, 2024*   Japanese automakers, including Toyota Motor Corporation and Honda, are expected to exceed profit forecasts due to strong hybrid sales and yen depreciation. Toyota’s net profit may decline by just 18% instead of 28%, driven by robust North American demand and reduced dealer incentives.   [Read more](https://lnkd.in/e-SkDYUj) ### **UK Auto Industry Stumbles as Stellantis Shuts Luton Plant**   *Bloomberg - November 30, 2024*   Stellantis closed its #Luton van plant, citing EV mandates, affecting 1,100 workers. The #UK automotive sector struggles with declining production, #Chinese EV competition, and high costs. Industry leaders urge government intervention to counteract Brexit-related challenges and safeguard manufacturing jobs.   [Read more](https://lnkd.in/ejkHh2U3) ### **European Suppliers Slash Over 50,000 Jobs Amid EV Transition**   *Automotive News Europe - December 1, 2024*   European Tier 1 #suppliers like Bosch and Continental cut over 50,000 jobs in 2024, driven by slower EV adoption and Chinese competition. Challenges include declining demand for advanced systems and reduced automaker market share, forcing diversification and partnerships to survive.   [Read more](https://lnkd.in/e2Nw2XHc)

26

4 commentaires

The automotive industry is undergoing transformation, driven by electrification and digitalization. As EVs and hybrids become increasingly software-defined, over-the-air updates are becoming the linchpin of the end user’s car experience, requiring continuously growing memory space and performance capabilities throughout the car’s lifetime. Remi El-Ouazzane, President, Microcontrollers, Digital ICs and RF products Group, details ST’s strategy to enable this transformation with a new automotive microcontroller roadmap based on two pillars - the Stellar family and the new STM32A series - and supported by an ecosystem of partners, such as Arm. This enables us to enhance the value our solutions bring to our customers. ▶️ Read Remi’s article to learn more: http://spkl.io/6041fToyH ▶️ Discover more about our microcontrollers: http://spkl.io/6042fToyy #STMicroelectronics #automotive #microcontrollers #smartmobility #SDVs​

274

2 commentaires

[NEWS] Stellantis CEO Carlos Tavares’ days might be numbered: Stellantis just confirmed it’s looking for a new CEO. Don’t get too excited — Tavares isn’t going anywhere just yet. His contract doesn’t expire until 2026, and a company spokesperson claims he might even stay on after. But even though Stellantis is calling this “normal” succession planning, sources from within tell a different story. Profits plunged 48% in the first half of 2024. Dealer inventory is aging, and pressure is mounting on all sides to make a change. With less than two years to go, is Tavares capable of turning things around – or will that fall to his replacement? Read today’s top automotive stories, presented by Anyline: https://lnkd.in/gN6ZSbf4 (Data source: Bloomberg)

63

14 commentaires

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.

142

36 commentaires

It was only a matter of time before electro mobility reached the used car market. The absolute figures are still low, but an almost doubling in H1 2024 compared to the same period in 2023 (2.19% to 1.25%) speaks for itself. https://lnkd.in/dmp_7Gf2   #electric #vehicle #usedmarket

6

Although the article is principally US centric it touches on similar issues in Europe. Having said that even if confined to the US market,which its not ,the knock on effect within global operators sends ripples throughout. The common thread is over capacity and too much inventory which in turn has the inevitable effect on margins. If that wasn’t enough, the failure of the legacy manufacturers to streamline production and reign in costs has compounded their predicament. To add further pain, years of low profitability and the focus on current shareholder returns has stifled investment leading to stale product offerings and inefficiency. Enter the new pestilence, the Chinese. Forget the handwringing just for one moment. They have the advantage of fresh new facilities, they have read the runes as to where the industry is heading and have invested accordingly and have better control of costs with their vertical supply chains. The global slowdown during COVID was an ideal time for the legacy manufacturers to restructure and reorient their businesses. This they failed to do as they simply put up prices and waited for business as usual. Turbulent times ahead, and it won’t be pretty.

2