Carlos Tavares, Stellantis CEO, Steps Down
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Let’s hope not.
They need to badge some of the Euro garbage Chrysler / Dodge and ship it over. It can get in line behind the K-car. I mean if GM can ship in Buick's from China and call Daiwoo's a Chevy - why not
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No surprise they brought him back the second they tossed Tavares overboard.
You'd be surprised how many people like that stress and aggravation at that age. My wife works with a very wealthy 75 year old guy that had a small stroke a few months ago and is going for a heart implant device early tomorrow morning. He plans to be at work by 9am.
Agreed !
New challenger looks very nice.
Lots of hate and other negative pronouncements here. How many of you posting own a Jeep or Ramp or other Stellantis vehicle made in the last 5 years?
We have a 2020 Ram. Gorgeous truck, zero problems, one of smoothest and nicest riding vehicles ever owned. Tows an open race trailer with a car and spares like its not back there and same with a two horse bumper pull. 5.7 hemi etorque. Bought a factory warranty as well. $1800 for a bumper to bumper 8 year / 85k warranty from Mopar. Mercedes used to charge my wife over $5k for a similar coverage period 15 years ago. I bring it up because no one has better reliability data than the manufacturers - they see the claims and the spare part use age / demand. Sounds like they have some level of confidence in the product. Toyota charged 1800 for a 9 year warranty/100k mile warranty on the 4Runner as a final data point. Sounds all these folks driving around in Rams at least probably aren’t crazy . . . .
As others have said, the real problem was pricing. Tavares got carried away with premium pricing but to be far has anyone checked the price of a new F150, Silverado, or Tundra recently? They are all very expensive and resorting to incentives. For those of you interested in actual financial data, Stellantis’ 20-F is available with a few google searches. You can look at the balance sheet and income statement yourselves. Much more revealing than the typical news reporting, even financial news reporting, that mysteriously is untethered from any discussion of the financials. Probably because they don’t teach basic accounting at Brown or Princeton because there is no space in the curriculum after the mandatory courses on historical European oppression and the history of gender and bathroom discrimination . . . .
Lots of hate and other negative pronouncements here. How many of you posting own a Jeep or Ramp or other Stellantis vehicle made in the last 5 years?
We have a 2020 Ram. Gorgeous truck, zero problems, one of smoothest and nicest riding vehicles ever owned. Tows an open race trailer with a car and spares like its not back there and same with a two horse bumper pull. 5.7 hemi etorque. Bought a factory warranty as well. $1800 for a bumper to bumper 8 year / 85k warranty from Mopar. Mercedes used to charge my wife over $5k for a similar coverage period 15 years ago. I bring it up because no one has better reliability data than the manufacturers - they see the claims and the spare part use age / demand. Sounds like they have some level of confidence in the product. Toyota charged 1800 for a 9 year warranty/100k mile warranty on the 4Runner as a final data point. Sounds all these folks driving around in Rams at least probably aren’t crazy . . . .
As others have said, the real problem was pricing. Tavares got carried away with premium pricing but to be far has anyone checked the price of a new F150, Silverado, or Tundra recently? They are all very expensive and resorting to incentives. For those of you interested in actual financial data, Stellantis’ 20-F is available with a few google searches. You can look at the balance sheet and income statement yourselves. Much more revealing than the typical news reporting, even financial news reporting, that mysteriously is untethered from any discussion of the financials. Probably because they don’t teach basic accounting at Brown or Princeton because there is no space in the curriculum after the mandatory courses on historical European oppression and the history of gender and bathroom discrimination . . . .
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The problem is now that automatic transmissions achieve better fuel efficiency than manuals and with the epa continuing to tighten emissions good luck. I'm all for that. About the only way manuals would make a comeback would be to hit automatics with a hefty tax like they did in Brazil.Give me a HO straight six, a manual tranny, and 4 doors.
My Chevy SS Sport sedan can’t last forever
My current plan is to work until I'm 70. I guess I'm a glutton for punishment. If the company I work for today ditches me before then I will re-evaluate.
I've seen this story play out dozens of times in my own career. - Here's the playbook.
1.Stuff the channel.
In 23 Tavares stuffs the channel with product insinuating he'll/they work out a deal going forward. Dealers that dont go along with it have their franchises threatened so they capitualate.
2. Cash out.
The inventory ships to the channel - it looks like stellantis is killing it because the model allows them to call the vehicles " sold" when in reality they are sitting on a lot unsold - the stock spikes from the "success" and the execs cash out.
The market or the product slumps in the 2nd half of 24, and the dealer have tons of inventory they cant move, and that means they aren't buying anymore and at that point the gig is up.
3. Ignore the problem.
Dealers write an open letter asking Stellantis to remove the "overhang" or liability for the unsold inventory - The manufacturers tells them to pound sand they own what they bought and if you dont "make your numbers" we'll pull your dealerships.
3. Blow Dodge. (as in leave Dodge city)
Rich with the stock profits from stuffing the channel the exec decides it isnt worth it to stick around to fix the problem and bails, leaving the problem he created for the next group of people while he flies away in a G5 to meet with the developer for his 5th house in some remote exotic location.
Temporary employees making permanent decisions.
1.Stuff the channel.
In 23 Tavares stuffs the channel with product insinuating he'll/they work out a deal going forward. Dealers that dont go along with it have their franchises threatened so they capitualate.
2. Cash out.
The inventory ships to the channel - it looks like stellantis is killing it because the model allows them to call the vehicles " sold" when in reality they are sitting on a lot unsold - the stock spikes from the "success" and the execs cash out.
The market or the product slumps in the 2nd half of 24, and the dealer have tons of inventory they cant move, and that means they aren't buying anymore and at that point the gig is up.
3. Ignore the problem.
Dealers write an open letter asking Stellantis to remove the "overhang" or liability for the unsold inventory - The manufacturers tells them to pound sand they own what they bought and if you dont "make your numbers" we'll pull your dealerships.
3. Blow Dodge. (as in leave Dodge city)
Rich with the stock profits from stuffing the channel the exec decides it isnt worth it to stick around to fix the problem and bails, leaving the problem he created for the next group of people while he flies away in a G5 to meet with the developer for his 5th house in some remote exotic location.
Temporary employees making permanent decisions.
Stellanis was soaring with investors however product quality plummeted and workforce eliminated beyond price increases.
Not sure how you recover but can be done.
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