Stellantis CEO Carlos Tavares identifies inefficiencies, inventory issues, and poor marketing as causes for lower US shipments and revenue decline, while refocusing on a multi-energy platform strategy.

Stellantis CEO Carlos Tavares acknowledges US operation failures, citing inefficiencies, inventory issues, and suboptimal marketing as factors contributing to lower shipments and falling revenues. The company is addressing these issues in the context of the US environment and is focusing on its multi-energy platform strategy, including fully electric and plug-in hybrids, to remain competitive amid the Chinese electric vehicle offensive.

June 13, 2024
7 Articles