Stellantis, Tavares: “In 2023 two new Fiats and B-Suv Jeep, the design of the future Ypsilon approved”

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Stellantis – Tavares: \ u201cIn 2023 two new Fiats and B-Suv Jeep, designed by the future Ypsilon \ u201d “}, {” type “:” html “,” content “:” approved

2023 may be the year of the relaunch for Fiat above all thanks to some new products. “The Fiat brand – said the CEO of the group StellantisCarlos Tavares, during the results conference semi-annually – has great potential, and we will work to express it fully. The price level is good and we will have two products to introduce next year. With the right resources, Fiat will be the right offer in many markets, starting with Europe “. Not only that. Tavares has revealed his intention to bring the electric 500, produced in Mirafiori,” to the United States, because we believe that there is a high potential in that market, to sell well and make money”.

Jeep and Lancia. Therefore, the Torino brand is close to an expansion of the range, especially in Europe, with the arrival not only of the waiting time B-Suv but also of a model that is not better specified for now (it could also be a version of Citroën Amiunless something is provided for One hundred and twenty). Fiat’s small SUV is produced in Tychy, Poland, and the launch should not be expected for many months, considering what Tavares himself said about its twin Jeep. Actually B-Suv of the American brand, which is only offered in an electric version, will be presented in early 2023. The Lusitanian manager also talked about other Italian brands. “Lancia is preparing for a great future. The design has already been approved for its next model and I think it will be a great success,” said Tavares, referring to new Ypsilon.

Alfa and Maserati. Regarding Alfa, the CEO wanted to emphasize that today it is “a very profitable brand. We completed the turnaround even before the launch of Tonal, which is now coming to further growth”. “Stellantis – he continued – has a very high potential to increase profitability with the increase in the weight of premium brands”. In the high range, however, the focus is on Maserati, which Tavares said he was confident that with the launch of Grecalecan “increase its profitability and reach double digits by the end of the year (in the first half of the year, the operating margin doubled to 6.6%.” We believe that Maserati has the potential to bring the margin to 15%-20%”, he added .

Electrification and China. The leader also focused his speech on electrification strategies. “They are working and this is demonstrated by the fact that Stellantis ranked second in the EU-30 market for Bev and Lev sales and third in the US market for Lev sales.” In the first six months of the year, global sales of Lev battery-powered cars increased by almost 50% and reached 136 thousand units. Another topic of particular importance concerns China and the latest decision to leave the joint venture with Gac. “Our Chinese partner did not respect the commitments, we had to change strategy. There was a lack of trust and we preferred to withdraw”, emphasized Tavares, who acknowledged an increase in political influence on companies’ decisions: “In the last 5 years in China in dialogue with our partners we have seen an increased influence of politics on business, with increasing pressure.” “We are a Western company” and operating in undemocratic political systems poses risks. “We’ve learned this in the case of Iran and Russia. And I think there are some of our competitors that are vulnerable to tensions in China.” In any case, Stellantis can afford to revise its presence in the important Asian market, also thanks to its solidity in its financial results and high profitability. Tavares spoke of “record results” and of a group that “has proven to be resilient and to be an actor of new mobility in a chaotic, fragmented and complicated global automotive market. a solid business model with strong profitability and we are ahead of the plan’s roadmap Present 2030“.

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