Fiat hebt ab!
Once up and running, Stellantis will have 14 car brands under one roof, from FCA's Fiat, Jeep, Dodge, Ram and Maserati cars to PSA's Peugeot, Citroen, Opel and DS.
It will be ahead of General Motors GM.N, Hyundai Motor-Kia Motors 005380.KS, 000270.KS and Ford Motor F.N in global sales rankings but still trail Volkswagen VOWG_p.DE, the Renault-Nissan-Mitsubishi RENA.PA, 7201.T, 7211.T alliance and Toyota Motor 7203.T.
Like all global automakers, Stellantis will be spending billions of dollars in the coming years to transform its vehicle range for an electric era but Tavares also has other pressing issues to tackle.
Stellantis is getting pummelled in China, the world's biggest car market, by international and local rivals alike and Tavares himself has acknowledged that's not tenable.
Both PSA and FCA operate at just 8% of their capacity in the Asia-Pacific region, according to consultancy LMC. Most of that capacity is in China, a market of 21 million cars a year, and analysts said the merger is the best chance for a turnaround.
"On their own, each group might not be able to afford a reboot in China," said Philippe Houchois, an analyst at Jefferies investment bank.
Tavares has been careful not to discuss details of his plans for overhauling the Fiat Chrysler side of Stellantis. But he has been blunt about the problems Peugeot has in China and has pledged that Stellantis will mount a comeback.....
While Stellantis has pledged not to close any factories, its network could build as many as 7 million more vehicles than it currently sells, according to LMC.
https://www.nasdaq.com/articles/...erger-is-just-the-start-2021-01-03
https://www.prnewswire.com/news-releases/...es-results-301201374.html
Fiat Chrysler’s U.S. auto sales tumbled 17.4% in Covid-ravaged 2020...Sales weren’t quite as bad in the fourth quarter, falling 7.9% compared with the same time in 2019.
...There were few bright spots for Fiat Chrysler’s sales in 2020. Its niche Italian luxury brand Alfa Romeo was the only division to report an increase for the year, up 1.6%. Aside from an 8.9% increase for the Alfa Romeo Stelvio crossover and nearly doubling sales of the Jeep Gladiator pickup, every other vehicle in the automaker’s six-brand lineup was down for the year
https://www.cnbc.com/2021/01/05/...percent-in-covid-ravaged-2020.html
California-based Archer is creating the world's first all-electric airline that moves people throughout the world's cities in a quick, safe, sustainable and cost-effective manner. The new partnership will help accelerate Archer's timeline in becoming an industry leader with the resources and capabilities to capitalize on the new era of sustainable air mobility, a market that Morgan Stanley estimates will be $1.5 trillion by 2040.
https://www.prnewswire.com/news-releases/...production-301206056.html
https://www.nebenwerte-magazin.com/...er-aktie-ceo-bei-eu-kommission/
Glasklare Zeichen dass die EU Ernst macht, vom russischen Gas wegzukommen und stark auf erneuerbare Energien setzen will.
PLUG-News demnächst auf ihrem Bildschirm:
https://finance.yahoo.com/quote/PLUG?p=PLUG