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    STLA   NL00150001Q9

STELLANTIS N.V.

(STLA)
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Stellantis N : to give each of its 14 car brands 10 years of funding - CEO

05/13/2021 | 01:03pm EDT
FILE PHOTO: Carlos Tavares, Chief Executive Officer and Chairman of the Managing Board of PSA Group, attends the Tomorrow In Motion event on the eve of press day at the Paris Auto Show

(Reuters) - Stellantis Chief Executive Carlos Tavares said on Thursday each of the automaker's 14 car brands will receive funding over the next 10 years to prove themselves.

"For the time being, we love them all and you cannot kill what you love," Tavares said at an Automotive News conference in answer to a question whether the automaker needs so many brands.

"When you love them, you give them a chance," he added. "We are giving a 10-year visibility for each brand CEO in terms of product planning and funding."

Stellantis was created from the merger of France's PSA and Italian-American automaker Fiat Chrysler. Its brands include Peugeot, Citroen, Fiat, Chrysler, Jeep, Ram, Maserati, Alfa Romeo and others.

Tavares added that the company is re-engineering its strategy in China. "We are now negotiating and changing very many things at core," he said. "That is also something that needs time."

He said before Stellantis presents its overall strategic plan at the end of the year, there will be announcements around "significant bricks of the things that we are right now negotiating and building with some partners." He did not elaborate.

(Reporting by Ben Klayman in Detroit; Editing by Dan Grebler)


ę Reuters 2021
Stocks mentioned in the article
ChangeLast1st jan.
STELLANTIS N.V. 4.23% 17.062 Delayed Quote.11.66%
STELLANTIS N.V. 4.10% 17.046 Real-time Quote.0.00%
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Financials
Sales 2021 157 B 186 B 186 B
Net income 2021 8 418 M 9 984 M 9 984 M
Net cash 2021 19 086 M 22 638 M 22 638 M
P/E ratio 2021 6,32x
Yield 2021 4,92%
Capitalization 53 426 M 63 338 M 63 368 M
EV / Sales 2021 0,22x
EV / Sales 2022 0,20x
Nbr of Employees 204 000
Free-Float 63,7%
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Stellantis N.V. Technical Analysis Chart | STLA | NL00150001Q9 | MarketScreener
Technical analysis trends STELLANTIS N.V.
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Income Statement Evolution
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Mean consensus BUY
Number of Analysts 22
Last Close Price 17,06 €
Average target price 20,31 €
Spread / Average Target 19,0%
EPS Revisions
Managers and Directors
Carlos Tavares Chief Executive Officer & Executive Director
Richard Keith Palmer Chief Financial Officer
John Jacob Philip Elkann Chairman
Harald J. Wester Chief Engineering Officer
Henri de la Croix de Castries Senior Independent Non-Executive Director
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