Stellantis debut with flight: + 7.57%, worth 42 billion
Stellantis Board of Directors appointed: Elkann president, Tavares CEO
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January 19, 2021The merger between FCA and PSA that created Stellantis represents "a fantastic shield against social problems" relating to the sustainability of the cost of the personnel of the two groups.
The CEO of the carmaker Carlos Tavares emphasized that Stellantis "will have the scale to dilute the costs of research and investment on a wider basis" and explaining that problems on jobs could have been had without the merger.
"Stellantis is not the sum of two companies," the group's CEO said in the first press conference after the merger.
“We will generate 25 billion in value from this merger, but the goal is to ensure its sustainability by offering a diversity of solutions that are always affordable and accessible,” continued Tavares.
"We have 14 iconic brands in our portfolio, which will allow us to give space to our passion for free mobility," he concluded.
Then answering questions from the press, Tavares said that "at the moment no decision has been made on the relaunch of Peugeot in the US. Now we focus on the existing brands and their profitable growth."
Stellantis has, to date, 29 electrified vehicles, which will rise "to 39 by the end of the year".
The CEO Carlos Tavares announces it.
Until 2025 there will be "an electrified version for each new vehicle launched".
The challenge, therefore, will no longer be having electrified vehicles but "making them affordable", added the CEO, noting that one third of the cars sold in Europe will be electrified.