Next-Gen EV Models Readying For Stellantis

Stellantis is looking to remain in business for a long, long time under the direction of its current leadership. The main reason for this is timely as some brands are cutting back on the projections they have for their electric vehicle rollouts and not having enough funds to complete their own projections in the EV market. Competitors like Tesla are shedding prices due to losing a remarkable 23% annual gross year over year in 2023 compared to the year before. This is what the Stellantis CEO thinks when he sees the currently landscape of EV automakers involved in the market. He’s also an owner who did not buy any social media platforms, which helps to keep his focus on building all of their brands up.

“It’s my job to keep my eyes open. It’s my job to understand how the industry is going to survive this transition. It’s my job to make sure that my company will be one of the winners. And if we are one of the winners, of course there will be opportunities,” Stellantis CEO Carlos Tavares said in an interview late last month.

Tavares said to reporters that automakers are starting, what he believes is a “race to the bottom” with EVs. A race that Stellantis hasn’t stepped foot in due to costs, innovation, and simply not wanting to offer EVs for less to compete in a competitive landscape of all-electric rides.

“In this world, which is totally Darwinian, the guys who are able to protect their numbers. As long as you see my numbers being at the appropriate level, then you can conclude that I’m ready for any kind of consolidation,” said Tavares.

Saving Comes First For Stellantis

Always thinking of ways to save, CEO of Stellantis Carlos Tavares aims to find ways to streamline more productive manufacturing processes, more efficient, smaller, lighter and less expensive battery cells used for future EV products and offer improved energy management systems and aerodynamics. Particularly, for the automaker if they don’t save money today, Tavares believes “freedom of mobility” is at stake, and would be large “social consequences.” Stellantis on Monday revealed they would cut another 539, raising the number of autoworkers cut by the brand to nearly 3,000 after the negotiations last year saw the brand begrudgingly provide livable wages for the employees who build their products. This time they are removing part-time employees under the guise that they will mainly carry full-time employees going forward to build the brand.

This is a way to save money for shareholders and while the head of the United Auto Workers wasn’t pleased, we see the vision Stellantis CEO has reached in promoting this agenda. 

“Stellantis can afford to do the right thing here and provide a pathway to full time good auto jobs but is again choosing to line executive and shareholder pockets. These workers have generated Stellantis’s record profits, and there is absolutely no need to layoff a single one of them,” according to the UAW president.

Shifting For Profits In Late 2024 And Beyond

This additional 539 moved comes after movement announced at Mack Assembly Plant in Detroit, where Stellantis produces Jeep Grand Cherokee SUVs, and 1,225 at Toledo Assembly Plant in Ohio, where the Jeep Wrangler SUV and Gladiator midsize pickup are produced, with changes beginning next week on February 5th. The Stellantis CEO is like many CEOs, concerned mainly about profitability, and how much money he can line up in his own pockets without having to distribute savings for customers. Savings attract business more than any other ingredient, and yet that’s exactly what this company has done for their customers. By producing exactly zero all electric vehicles up to this point in 2024, they have been able to neglect the current market that offers this exciting new technology in order to offer vehicles that will not run into one issue that some customers are weary of; electric range. 

“I think the best way to go through this period is to try to protect your profitability. I’m trying to manage the right balance between protecting the footprint of my business and at the same time protecting my profitability, because I know that what is coming now is a big, big storm, (which we are not apart of)” remarked Tavares said. 

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