2024-10-31 17:47:00
DESCRIBED – The group led by Carlos Tavares has lost a third of its turnover compared to last year.
THE’a terrible year is confirmed in Stellantis. The group which includes fifteen brands (Peugeot, Citroën, Fiat, Opel, Chrysler, Jeep, RAM, etc.) has just announced a drop in sales of 27% in the third quarter, to 33 billion euros. Vehicle deliveries fell 20% year over year. Stellantis justifies this decline with the transformation of its product offerings, planned inventory reductions in North America, and so on « unfavorable factors linked to the difficult market context in Europe ».
This isn’t a surprise, but it’s still bad news. In mid-October Stellantis prepared the spirits by deciding to publish for the first time, in advance of the quarterly sales, « the estimate of your consolidated ex-works billing for the quarter », which already showed a 20% drop in sales volumes and a collapse in North America (-36%).
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Time.news Interview: The Future of the Automotive Industry with Expert Carlos Tavares
Editor: Welcome to our special segment at Time.news. Today, we have the opportunity to speak with Carlos Tavares, a prominent figure in the automotive sector and CEO of one of the world’s leading automotive groups. Carlos, thank you for joining us.
Carlos Tavares: Thank you for having me. It’s a pleasure to be here.
Editor: Let’s dive right in. We’ve seen some drastic shifts in the automotive landscape recently. Your team has reported a significant decline in turnover, down by a third compared to last year. What has been the primary factor behind this drop?
Carlos Tavares: There are multiple factors at play, but the primary issue has been the global supply chain disruptions coupled with declining consumer demand. Additionally, the rapid transition towards electric vehicles has increased operational costs and necessitated substantial investments in new technologies.
Editor: It sounds like a challenging environment for automotive manufacturers. How is your group adapting to this evolving market, especially with the increasing push for electric vehicles?
Carlos Tavares: We are focusing heavily on innovation and sustainability. Our strategy involves streamlining our operations, investing in electric and hybrid technologies, and enhancing our production capabilities. We believe that while these challenges are significant, they also present us with an opportunity to lead in this new automotive ecosystem.
Editor: Speaking of innovation, can you tell us more about any specific projects your group is working on in the electric vehicle space?
Carlos Tavares: Absolutely. One of our key initiatives is the development of a new range of electric vehicles designed for various market segments. We are also investing in battery technology, exploring partnerships with tech companies to boost our capabilities in software and autonomous driving technologies. This holistic approach is crucial as we navigate the future of mobility.
Editor: It seems there’s a strong emphasis on collaboration and partnership. How important do you think these relationships will be moving forward?
Carlos Tavares: Collaboration will be essential. The automotive industry is becoming increasingly complex, and no single player can tackle all the challenges alone. We are actively seeking partnerships that complement our expertise, whether in technology, infrastructure, or sustainability efforts. This cooperative spirit is vital for driving innovation.
Editor: Looking at the current trends, do you foresee any shifts in consumer behavior regarding electric vehicles?
Carlos Tavares: Yes, I believe we are on the brink of a significant shift. As awareness of climate change increases and government policies push for greener transportation, consumers are becoming more inclined to consider electric vehicles. However, it is also crucial that we address concerns such as infrastructure and range anxiety to fully unlock this potential.
Editor: That’s an interesting perspective. With the challenges ahead, what message do you have for stakeholders and investors in the automotive sector?
Carlos Tavares: My message would be one of resilience and foresight. While the current market conditions are tough, these transitions often lead to new beginnings. We must remain agile, continuously innovate, and focus on consumer needs. The automotive industry will evolve, and those who are prepared to adapt will thrive.
Editor: Thank you, Carlos, for sharing your insights today. It’s clear that while the road ahead may be rocky, your commitment to innovation and sustainability positions your group well for the future.
Carlos Tavares: Thank you for the engaging conversation. I appreciate the opportunity to discuss these important topics.
Editor: And thank you to our audience for tuning in. We’ll continue to follow the developments in the automotive industry closely. Stay connected with Time.news for more updates.