Bloomberg Talks
Stellantis CEO Carlos Tavares Talks EV Pricing, US Inventories
Oct 14, 2024
Carlos Tavares, CEO of Stellantis, shares insights on the electric vehicle landscape, emphasizing the need for affordable pricing and competitive strategies. He discusses the impact of European trade tariffs on Chinese manufacturers and the importance of localized production to enhance competitiveness. Tavares addresses challenges in U.S. inventories and plans to improve operational efficiencies while exploring opportunities for collaboration. He also highlights the significance of government support for boosting EV sales in the face of overcapacity in the European auto market.
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Quick takeaways
- Stellantis leverages partnerships, like Leap Motors, to navigate EU tariffs by manufacturing vehicles locally, ensuring competitive EV pricing.
- The company addresses inventory challenges in North America by optimizing dealer collaboration to improve market share and consumer trust.
Deep dives
Impact of Tariffs on Automotive Strategy
The episode discusses the implications of recent EU tariffs on Chinese automobiles, particularly how they affect Stellantis’s business strategy. One key approach is leveraging partnerships, specifically with Leap Motors, to circumvent these tariffs by manufacturing vehicles within the EU. This strategy not only allows Stellantis to maintain competitive pricing for electric vehicles (EVs) but also ensures they can adapt to local market requirements efficiently. By controlling exports and utilizing their dealer network globally, Stellantis positions itself advantageously against competitors facing similar tariff constraints.
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