-
Recent Posts
- China September 2024 Light Vehicle Sales Conflicting
- Ford Motor Recalls a Transit Recall for Wheel Lockup
- Toyota Motor, Joby Aviation Meet at Toyota’s Technical Center
- Asahi Kasei and Honda to Make Lithium-ion Battery Separators
- Subaru of America Posts Modest Sales Increase for October
- Oh Canada – Magna Q3 Sales Off but Net Earnings Up
- Honda Racing to Sell Parts to Honda and Acura Consumers
- IIHS – Latest 2024 Top Safety Pick Laggards
- For The Record – Corvette ZR1 Hits 233 MPH
- Software Defined Vehicles – NTT, Toyota Motor Link Together
- Valero Refining Company Fined $82 Million in California
- Stellantis Q3 2024 – Shipments and Revenues Plunge
- One Payment – VW Maintenance, Insurance, Road Calls
- Volvo Cars Joins Tesla Supercharger Network in North America
- Penske Automotive Group Q3 2024 Net Income Drops
Recent Comments
- Toyota on new discounts on U.S. Vehicles Sales Drop as Consumers Wait for Discounts
- Ford Recalls Transit Vans for Steering Loss | AutoInformed on Ford EVs and Quality Damage First Half Net Income and EPS
- Asahi Kasei and Honda to Make Lithium-ion Battery Separators | AutoInformed on Lightweighting Avant-Garde – GM, BMW, Asahi Kasei, Mazda, Sika Automotive
- Oh Canada – Magna Q3 Sales Off but Net Earnings Up | AutoInformed on Magna Results Reflect Turmoil in OE EV Programs
- For The Record – Corvette ZR1 Hits 233 MPH | AutoInformed on Retro-Vette? 2025 Chevy Corvette Split-Window ZR1 Coupe
Archives
Meta
Tag Archives: Natalie Knight
Stellantis Promise or Puff? – Clean, Safe, Affordable Mobility
No matter how nuanced a view you take, Jeep is central to the plan. The China Leapmotor Strategy is either daft – given the expanding global trade war with China or dictated by reality. Perhaps more significant in this moment, Stellantis re-affirmed its 2024 financial guidance and capital return plan, which promises double-digit Adjusted Operating Income (AOI) margin and positive industrial free cash flows. Stellantis will provide ≥€7.7 billion in dividends and buybacks during 2024. Continue reading
Posted in auto news, electric vehicles, financial results, fuel economy or emissions, global warming, manufacturing, marketing, mobility company, news analysis
Tagged auto industry commentary, autoinformed.com, automotive blog, Automotive news and analysis, carlos tavares, Ken Zino, Natalie Knight
Leave a comment
Stellantis Posts Q3 Sales Up 37%. Pre-Tax Profit €3B
Stellantis* today posted a pre-tax operating profit of €3 billion. The company that is partly comprised of Jeep, Dodge Jeep and Ram said the strikes cost it around €750 million. However the strikes – characterized as “work stoppages”- resulted in … Continue reading
Posted in economy, financial results, manufacturing, marketing, news analysis, results
Tagged auto industry commentary, autoinformed.com, automotive blog, Automotive news and analysis, carlos tavares, chrysler, Controlled Thermal Resources, Dodge Fiat, fca, Jeep and Ram, Ken Zino, Natalie Knight, Stellantis Q3 2023 results, STLA
Leave a comment
Stellantis Q3 2024 – Shipments and Revenues Plunge
Stellantis N.V. (NYSE: STLA) said today that during Q3 2024 net revenues of €33.0 billion were down -27% compared to Q3 2023 as consolidated shipments of 1,148,000 were down 279,000 or -20% year-over-year. Stellantis also confirmed its diminished 2024 financial guidance, which was updated on September 30, 2024.*
“While Q3 2024 performance is below our potential, I’m pleased with our progress addressing operational issues, in particular U.S. inventories, which have been reduced meaningfully and are on track for year-end targets, as well as stabilization of U.S. market share. In Europe, stringent quality requirements delayed the start of certain high-volume products, but with progress resolving challenges we will soon benefit from the significantly expanded reach our generational new product wave brings to 2025 and beyond,” claimed Doug Ostermann, CFO, who replaced Natalie Knight earlier this month. Stellantis is also looking to find a successor for CEO Carlos Tavares, who will retire from his seat in 2026.
In what seems to be a “whistling past the graveyard” release appropriate for Halloween, Stellantis put forth yet again its transition plan. Stellantis’ 14 brands are to some degree or other at the heart of the Company’s planned revival/survival with ~20 new products expected this year. Continue reading →