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Carlos Tavares: make $ on IC engines to fund EV future #3195763
12/06/23 06:39 PM
12/06/23 06:39 PM
Joined: Jan 2006
Posts: 8,162
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360view Offline OP
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360view  Offline OP
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https://www.arcamax.com/business/businessnews/s-3008210

sample quote

"What we believe is that the guys who are using what we would call as a shortcut, the legacy business, to fund the future are going to be the guys who are going to be in the best position to accommodate to those different scenarios, because basically, we are doing very good money with the legacy business,"
Tavares said during a fireside chat at Goldman Sachs' 15th Annual Industrials and Autos Week.
...snip...
Although Stellantis has posted the best profit margins in the industry at 14.4% in the first half of the year,
Tavares described 2023 as "not so good"
with the company "very far from operational excellence."

He cited weaknesses in outbound logistics such as the delivery time of sold vehicles in Europe to customers, sales and marketing, and pure supply.

end quote

Re: Carlos Tavares: make $ on IC engines to fund EV future [Re: 360view] #3195804
12/07/23 01:04 AM
12/07/23 01:04 AM
Joined: Feb 2022
Posts: 1,185
Nor here, Nor there
D
Dart 500 Offline
super stock
Dart 500  Offline
super stock
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Joined: Feb 2022
Posts: 1,185
Nor here, Nor there
People not happy with Tavares, he's been useless. The board needs to get rid of him sooner than later

Re: Carlos Tavares: make $ on IC engines to fund EV future [Re: Dart 500] #3195807
12/07/23 02:28 AM
12/07/23 02:28 AM
Joined: Feb 2003
Posts: 10,209
Someplace you aren't
S
SomeCarGuy Offline
I Live Here
SomeCarGuy  Offline
I Live Here
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Joined: Feb 2003
Posts: 10,209
Someplace you aren't
Uh isn’t he the one cutting his category leading challenger, when he is saying that is what he should be selling to fund the future?


I want my fair share
Re: Carlos Tavares: make $ on IC engines to fund EV future [Re: SomeCarGuy] #3195819
12/07/23 07:02 AM
12/07/23 07:02 AM
Joined: Jan 2006
Posts: 8,162
USA
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360view Offline OP
Moparts resident spammer
360view  Offline OP
Moparts resident spammer
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Joined: Jan 2006
Posts: 8,162
USA
It will be hard to find another Sergio.

Note the bit in the article where Tavares says that in Europe Stellantis is going to sell a cheap Chinese EV imported from Zhejiang Leapmotor Technologies Ltd and pocket the profits for Stellantis.







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