It was January 16, 2021 when FCA and PSA announced the birth of Stellantis. A fusion that had been in the air for some time, and that was not welcomed by all in the same way. Nevertheless, after more than two years, the new company can be satisfied with the results it has managed to report, both in terms of synergies and earnings and in terms of sales of individual brands. A success also recognized by the CEO Carlos Tavares, who spoke at the shareholders’ meeting.
The advantages of fusion
“We have achieved a very gratifying level of net synergies, equal to 7.1 billion eurosmuch higher than the commitment undertaken when the merger was decided – the words of the Portuguese manager reported by Ansa – Stellantis people and employees fully understand why the merger made sense, also to ensure the sustainability of the group. The company has gone far beyond its commitments because there is a strong bottom-up contribution from our people”.
Electrification a priority
The merger has certainly contributed to the acceleration of the electrification process that the individual brands have been able to give. It’s just about the theme decarbonization John Elkann, president of Stellantis, spoke at the same meeting, promising 47 electric models available to customers by the end of next year and 75 by the end of the decade.
Elkann proud of Tavares
“In 2022 we recorded solid financial results that have set us apart from our competitors with a combination of scale and double-digit growth: we are among the top three in our industry in revenues and margins and we achieved the first place in terms of absolute operating profit, equal to 23.2 billion EUR – declared Elkann, also bringing Tavares himself into play – I am proud how Carlos, the leadership team and their colleagues have achieved great results this year, managing the turbulence with creativity and resilience”.
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