Stellantis has aggressively cut operations under Tavares, with some executives describing the measures as difficult or grueling.
Stellantis CEO Carlos Tavares and executives will speak this week about Chinese competition, capital discipline, forthcoming products, software initiatives and, potentially, further cost reductions.Massimo Pinca | Reutersin 2021, CEO Carlos Tavares has been on a cost-cutting mission. That's beginning to pay dividends for the company and investors.
The cost-saving measures have included reshaping the company's supply chain and operations as well as headcount reductions. Meanwhile the associated billions in operational savings have helped to increase the automaker's adjusted operating income by 31% from 2021 through last year. Its adjusted profit margin is also up, rising 0.4 percentage point during that time frame to 12.8%.said the company is operating far more efficiently than before, including"proper system engineering" to ensure it's optimizing design and function for its new vehicles.
"We want to help you better understand how we see the industry evolving, how we're leveraging standout technology, our leading operational discipline, and other competitive advantages that distinguish ourselves further," she told investors in April."And how we're building a powerful and productive capital discipline that help us maintain and maximize sustainable returns.
"The share price reaction to the will likely be driven by how these short-term concerns are addressed. We don't expect any new financial targets to be announced," UBS analyst Patrick Hummel wrote in a Thursday investor note.
United Kingdom Latest News, United Kingdom Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Stellantis Joins China Firm to Sell Electric Cars Overseas with Approval from Chinese Communist PartySource of breaking news and analysis, insightful commentary and original reporting, curated and written specifically for the new generation of independent and conservative thinkers.
Read more »
Stellantis Launches China’s Leapmotor In Europe With Micro EV And Tesla Model Y RivalFirst of six cars due by 2028 will be rolled out to nine European countries this September, with Asia, Africa and South America following in Q4
Read more »
Europe's Stellantis and China's Leapmotor will sell electric cars in Europe from SeptemberEuropean carmaker Stellantis says it will begin selling electric vehicles from its Chinese partner Leapmotor in nine European countries later this year.
Read more »
Europe's Stellantis and China's Leapmotor will sell electric cars in Europe from SeptemberEuropean carmaker Stellantis says it will begin selling electric vehicles from its Chinese partner Leapmotor in nine European countries later this year.
Read more »
Europe's Stellantis and China's Leapmotor will sell electric cars in Europe from SeptemberEuropean carmaker Stellantis says it will begin selling electric vehicles from its Chinese partner Leapmotor in nine European countries later this year.
Read more »
Welcome Global Talents to West China Hospital/West China School of Medicine of Sichuan University - Chengdu, Sichuan, China job with West China School of Medicine/West China HospitalWest China Hospital/West China School of Medicine of Sichuan University (WCH/WCSM, SCU) was founded in 1892 and recognized as a national general hospital and a diagnosis and treatment center for complex and critical illnesses, as well as a renowned medical school in China.
Read more »