“Dare Forward 2030 inspires us to become so much more than we’ve ever been,” said Tavares.
Stellantis N.V. today unveiled Dare Forward 2030, its strategic survival plan for the coming decade that will drive Stellantis employees to be ‘second to none’ in value creation for all stakeholders. Stellantis, the merged FCA and PSA, claims it will be “the industry champion in the fight against climate change, reaching carbon net zero emissions by 2038.” The revised, sweeping and difficult plan as presented is aspirational and similar to other global automaker’s plans (see AutoInformed on GM and Toyota) as the deadly effects of climate change continue to worsen, which according to the latest UN Report out yesterday might be irreversible. Stellantis is far behind industry leaders on electrification.
Stellantis to survive must operate under the “frame of mobility” set by governments and societies, particularly the EU and US, Tavares said while acknowledging the “traps” of moving too fast he previously warned of still exist. “Who can afford to let a big car company fail,” he asked? That will be up to governments or states as Tavares calls them. How much in incentives for consumers – and for how long – will be needed to spur electrification?
As part of the leadership mantle Stellantis wants to wear, it wants 100% of sales in Europe and 50% of sales in the United States to be battery-electric vehicles (BEVs) by the end of this decade. “We plan to have more than 75 BEVs and reach global annual BEV sales of 5 million vehicles by 2030,” said Carlos Tavares during an investor’s conference and web broadcast from Amsterdam.
“Dare Forward 2030 inspires us to become so much more than we’ve ever been. We are expanding our vision, breaking the limits and embracing a new mindset, one that seeks to transform all facets of mobility for the betterment of our families, communities and the societies in which we operate,” said Tavares. “We will double our net revenues by 2030 and sustain double-digit adjusted operating income margins throughout the decade,” Tavares said to investors.
Dare Forward 2030 Promises
Foundation
- Diversity, operational excellence, house of iconic brands, and a product portfolio are Stellantis’ ‘second to none’ differentiators propelling the company forward, it’s claimed
- Community of employees spans 170 nationalities across six regions
- Achieve 100% of the €5 billion annual cash merger synergies target by the end of 2024
- Maintain break-even point at less than 50% of consolidated shipments
- Global BEV sales of 5 million units in 2030, reaching 100% of passenger car BEV sales mix in Europe and 50% passenger cars and light-duty trucks in the United States
- Lead industry with more than 75 BEVs, including the Jeep brand’s first 100% battery-electric SUV launching in early 2023, followed by the Ram ProMaster BEV later in 2023 and the Ram 1500 BEV pickup truck in 2024
- Specific U.S. product offensive of more than 25 all-new BEVs
- New car revenues from premium and luxury vehicle segments to increase fourfold
Tech
- Stellantis claims it will “embrace breakthrough ideas to offer innovative, clean, safe and affordable mobility.”
- Increase planned battery capacity by 140 gigawatt-hours (GWh) to approximately 400 GWh
- Expand hydrogen fuel cell technology to large vans in 2024; first U.S. offering in 2025; further expands to heavy-duty trucks
- With Waymo, pave the way for sustainable “Delivery as a Service”
- Announce Stellantis Corporate Venture Fund with €300 million initial funding for advanced technologies adoption
- 50% carbon emissions reduction by 2030, compared with 2021 metrics, slowly on the way to carbon net zero by 2038
- Circular economy “cradle-to-cradle” business unit
- Target top rankings for customer satisfaction across products and services
- Women to hold at least 35% of leadership roles
- Double the number of leaders with profit and loss responsibility
- Roll out Software and Data and Electric academies to support transformation
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Stellantis Suspends Production in Russia – Statement 19 April 2022: “Given the rapid daily increase in cross sanctions and logistical difficulties, Stellantis has suspended its manufacturing operations in Kaluga to ensure full compliance with all cross sanctions and to protect its employees.” (The plant makes commercial vans and was on of the few auto plants operating in Russia. – Autocrat)
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Stellantis N.V., through its Foundation, today (2 March 2022) commits €1 million in humanitarian aid to support the Ukrainian refugees and civilians displaced by the current crisis. With the support of Stellantis’ head of operations in Ukraine, Stellantis will rely on a local NGO to support Ukrainians in using this fund.
“Stellantis condemns violence and aggression and, in this time of unprecedented pain, our priority is the health and safety of our Ukrainian employees and families,” said Stellantis CEO Carlos Tavares. “An aggression that shook a world order, already unsettled by uncertainty, has been launched. The Stellantis community, made of 170 nationalities, looks with dismay as civilians flee the country. Even if the scale of causalities is not yet apparent, the human toll will be unbearable.”
Stellantis has 71 employees based in Ukraine and immediately put in place a 24/7 dedicated support team to actively monitor their health and safety. At this moment, they are all safe.