Stellantis “starts off on the right foot”

PSA and FCA signed record results in the fourth quarter allowing the two newlyweds within Stellantis to “start on the right foot”.

Carlos Tavares’ strategy – reducing the number of cars needed to be profitable – has paid off in this time of pandemic. “We have a company and results that resist all weather. Stellantis is off to a good start, ”said the CEO.


“The merger brings great opportunities that will not leave us cornered in a dinosaur position.”

Carlos tavares

CEO of Stellantis

The new juggernaut can rely on record fourth quarter results for PSA (Peugeot, Citroën, Opel and DS) and FCA (Fiat Chrysler). PSA achieved a current operating margin of 7.1% for its automotive business in 2020 despite a decline in turnover of 18.7%. FCA signs an EBIT margin of 4.3% for the year.

Stellantis has set itself the target of an operating margin of 5.5 to 7.5% for 2021. “The merger brings great opportunities that will not leave us cornered in a dinosaur position,” Tavares insisted to his investors.

Website design By BotEap.com

Add a Comment

Your email address will not be published.