AlixPartners said that 7.7 million units of production will be lost in 2021 (Image: General Motors).
GM is the first of Detroit’s Big Three carmakers to enact such a requirement.
The president said the U.S. must “move fast” to win the world’s carmaking future (Image: Ford Motor).
Company chart and information is provided by TradingView based on 15-minute-delayed data.
Stellantis NV was formed on Jan. 16, 2021, from the merger of Fiat Chrysler Automobiles NV and PSA Group. The combination of the two companies creates a global automaker with 14 brands. For 2020, we estimate that a combined Stellantis would have had sales volume of roughly 6 million vehicles and about EUR 145 billion in revenue, albeit substantially affected by COVID-19. We see limited geographic overlap as Fiat Chrysler's major markets were North America, Italy, and Brazil, while PSA Group's major markets were France, the United Kingdom, Germany, and Argentina.
| Website: | www.stellantis.com |
| Email: | investor.relations@stellantis.com |
| Main Phone: | +31 203421707 |
| Address: | Singaporestraat 92-100 |
| Address 2: | Steering Center |
| State: | NH |
| City / Town: | Lijnden |
| Country: | NL |
| Postal Code: | 1175 RA |
| Exchange: | NYE |
| CEO: | Michael Manley |
| Employees: | 189512 |
AlixPartners said that 7.7 million units of production will be lost in 2021 (Image: General Motors).
GM is the first of Detroit’s Big Three carmakers to enact such a requirement.
The president said the U.S. must “move fast” to win the world’s carmaking future (Image: Ford Motor).
The move is in response to the CDC's change in COVID-19 guidance for masks for fully vaccinated people related to the Delta variant (Image: Ford Motor).
New cases of COVID-19 are spiking in these states.
Most automakers have already announced big investments in electrification, but the EU may try to "force the journey."
"It is unusual. They want to show they can do this quickly."
The automaker said it will have 55 electrified vehicles on the market in the US and Europe by 2025.
The company is said to be in talks with Stellantis and Rivian about supplying them with batteries manufactured at a potential new US site.
The group now expects its operating profit margin to be 5.5%-7.0% this year, versus a previous forecast for 5.0-6.5%, with vehicle deliveries and sales each up by more than a fifth.
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