From CNBC: 2024-06-12 12:29:01

Stellantis CEO Carlos Tavares has been focused on cost-cutting initiatives since overseeing the 2021 merger that created the company. Executives are expected to address competitive challenges, software initiatives, and cost reductions to meet ambitious financial targets by 2030. The company aims to double revenue to 300 billion euros by 2030, with a focus on efficiency improvements and headcount reductions.

Stellantis is set to host its investor day led by CEO Carlos Tavares to outline future cost-saving efforts and operational disciplines. Wall Street analysts will closely watch for updates on U.S. vehicle inventory levels, upcoming product launches, and the company’s strategy in China. Analysts note a divergence in Stellantis’ stock performance compared with competitors like GM and Ford, with varying expectations for shareholder returns in 2024.



Read more at CNBC: Cost cuts, China come into focus