Stellantis (STLAM) European Autos & Future Car Conference summary

Industry trends and market environment

• Global automotive market forecasts shifted from slight growth to a mild contraction, with North America seeing a slight negative trend, impacting profitability.

• Dealer inventories in the U.S. rose significantly, increasing pricing risks and pressuring margins, especially for high-margin players.

• Sector-wide focus on balancing inventory, pricing, and production to adapt to a tougher macroeconomic environment.

• Electrification and new product launches are central to future growth, with a major push into BEV, LEV, and hybrid vehicles planned for 2025.

• Recalls and quality issues are being managed, with recent large recalls having minimal financial impact due to simple remedies.

Regional performance and strategic priorities

• North America: Inventory reduction is a top priority, targeting a 100,000 unit decrease by early 2025, with 40,000 already reduced.

• Europe: Inventory levels are healthy, with ongoing calibration of production to maintain balance.

• Third Engine (South America, Middle East, Africa): Strong profitability and market share, with local production and new platform launches driving momentum.

• Asia and India remain small contributors but are stable.

Product launches and operational execution

• Twenty new products are being launched this year, with key models like Peugeot 3008/5008 and Citroën e-C3 already in market.

• Software-related delays affected some launches, but most issues have been resolved, and the company is on track for 15-20% of sales from new models in H2.

• LCVs in Europe remain a strong segment, with BEV leadership and timely launches.