Stellantis CFO : Performance is below our potential in North America as sales collapse 42

The group said it had trouble getting through stocks of vehicles in the United States.

The Challenges of Supply Chain Disruptions

The COVID-19 pandemic has brought about unprecedented challenges to global supply chains. One of the most significant effects has been the disruption of the automotive industry’s supply chain. The pandemic has caused shortages of critical components, leading to delays and cancellations of vehicle production.

Key Challenges

Component shortages: The pandemic has led to shortages of critical components, such as semiconductors, steel, and aluminum. Logistical challenges: The pandemic has disrupted global logistics, making it difficult to transport goods and components across borders. Labor shortages: The pandemic has led to labor shortages, as many workers have chosen to stay home or have been laid off due to the pandemic.

The Resurgence of the Group

The company has been working hard to revamp its image and regain its footing in the market. With a focus on innovation and sustainability, the group has been introducing new models and technologies to stay ahead of the competition. The new Peugeot 3008, for instance, features a sleek design and advanced safety features, making it an attractive option for consumers. The electric cars, on the other hand, cater to the growing demand for eco-friendly vehicles, with Leapmotor’s technology providing a range of up to 500 kilometers on a single charge.*

The Impact on Sales

The launch of these new models has been a significant factor in the group’s sales growth. With over 20 new vehicles hitting the market this year, the company is confident that it will bounce back from its previous struggles. The Peugeot 3008, in particular, has been generating a lot of buzz, with many customers flocking to dealerships to get a glimpse of the new model. The electric cars, meanwhile, are expected to attract a new wave of customers who are looking for sustainable transportation options.*

The Future of the Group

As the company continues to innovate and expand its product line, it’s clear that the group is on the path to recovery.

Stellantis is a multinational corporation that owns and operates 15 car brands, including Chrysler, Dodge, Jeep, Ram, and Fiat. The company has a significant presence in the global automotive industry, with a diverse portfolio of vehicles that cater to various market segments and customer preferences.

The History of Stellantis

Stellantis has a rich history that spans over a century, with its roots dating back to the early 20th century. The company was formed in 2021 through the merger of Fiat Chrysler Automobiles (FCA) and the French multinational company, Groupe PSA.