Stellantis (Groupe PSA et Fiat): The latest figures, news and market research on Stellantis (Groupe PSA et Fiat)

Turnover: 189.5 billion EUR (2023)

Country: France

Groupe PSA will merge with Groupe Fiat in 2020 to become one of the world's leading carmakers.

In addition, PSA has launched a lease-to-own (LTO) solution for Citroën, Peugeot and DS cars, tailored to individual needs.

may 25, 2021 - Stellantis terminates European distribution contracts with 2 years' notice - source(motor1)

Stellantis is the result of the merger between Fiat and the PSA Group in January 2021
Group comprises 14 brands
Promotion of a sustainable distribution model based on an optimized multi-brand distribution network
Group to focus on online sales
Termination of European contracts as part of the next revision of the European regulatory framework
Centralization of concessions to reduce costs while maintaining volumes

News

Electric cars: Leapmotor, China's weapon for breaking European prices 15/05/2024

Leapmotor International will also be selling a large family SUV, the C10, in Europe.
- These cars will be sold in 200 outlets in Europe by the end of the year, a third of which will be Stellantis Group dealerships.
- Chinese automakers could achieve a 10% market share in Europe by the end of the year.
- Stellantis invested 1.5 billion euros last October to acquire a 21% stake in Leapmotor, but owns 51% of Leapmotor International.
- Leapmotor sold 144,000 units in China last year.
- Leapmotor has a production capacity of 800,000 cars, greater than Stellantis' output in France.

Stellantis takes a radical turn in China. 09/12/2023

Strategic partnership signed with Chinese automotive start-up Leapmotor.
Stellantis will acquire a stake of around 21% in the company for a total of 1.5 billion euros.
The two companies will also set up a joint venture, Leapmotor International, 51% owned by Stellantis.
Based in the Netherlands, it will "have exclusive rights to manufacture, export and sell Leapmotor products outside China"
The Leapmotor International joint venture is targeting 500,000 sales outside China by 2030.
Deliveries from the Leapmotor International joint venture are scheduled to begin in the second half of 2024.
Stellantis terminated its joint venture with Guangzhou Automobile Group (GAC) in July 2022.
Stellantis sold three local plants to the Chinese group Dongfeng.

A hydrogen pick-up: Stellantis' answer to Tesla's Cybertruck 06/12/2023

Stellantis aims to launch a hydrogen version of a RAM pickup in the USA in late 2026 or early 2027.
The hydrogen-powered pickup promises a recharge time of less than ten minutes.
Stellantis also plans to produce a hydrogen-powered utility vehicle at "industrial volumes" in Hordain, northern France, from next year.
Toyota, another major manufacturer, presented a prototype Hilux that runs on hydrogen.
Rivian, a new manufacturer, has already started selling its electric van, backed by Amazon and Ford.

Stellantis aims to become world leader in utility vehicles 24/10/2023

Stellantis is number one in Europe and aims to become number 1 worldwide in the commercial vehicle market.
Stellantis market share in Europe: 31%
Twelve launches planned for Citroën, Peugeot, Fiat and Opel.
Range of electric versions: from 330 kilometers for the minivan, to 420 for the large van.
Stellantis has 15 factories worldwide.
Sales of Stellantis vans in 2022: 1.6 million (out of a total of 5.8 million vehicles sold).
Commercial vehicles account for 60 billion euros, a third of Stellantis net revenues
Stellantis aims to double sales of light commercial vehicles by 2030.
Stellantis' target for 2030: 40% of its LCV sales to be electrically powered.
amazon and Merchants Fleet have ordered 12,500 electric vehicles

Stellantis steps up a gear in the commercial vehicle segment 24/10/2023

Stellantis presented twelve new commercial vehicles in four different brands.
Commercial vehicles account for a third of Stellantis sales, or 60 billion euros.
Stellantis plans to double its sales of commercial vehicles by 2030. Stellantis has a 31% market share of commercial vehicle sales in Europe and 28% in South America. The group sold 1.6 million commercial vehicles worldwide last year. Stellantis aims to generate sales of 5 billion euros from connected vehicle services by 2030.

Dealers cry foul against Stellantis 03/07/2023

Stellantis has payment terms of up to 18 months, well beyond the 45-day deadline set by the LME law.
Stellantis has imposed a strategy of price increases to boost margins.
Stellantis' margin reached a record 13% in 2022.
Dealers report losing many customers as a result of this pricing strategy.
Stellantis aims to achieve a 45% market share in France over the next few years.
At the end of the first half, Stellantis held 26% of the national market.

Car financing: a big bang for Stellantis 05/04/2023

Stellantis has formed a partnership with BNP Paribas, Crédit Agricole and Santander to restructure the organization of its financial services by country rather than by brand.
BNP Paribas is responsible for Austria, Germany and the UK
Santander for the Iberian Peninsula, France, Italy, Benelux and Poland
Crédit Agricole is the 50/50 leasing partner with Stellantis via Leasys.
BNP Paribas Personal Finance outstandings increase by around 6 billion euros, reaching a total of 10 billion euros
Stellantis plans to exceed 1 million leased vehicles in Europe by 2026, compared with just over 826,000 in 2021.
The group has 2 financial entities per country: one for credit, one for long-term leasing

Stellantis and its dealers finally find a modus vivendi 22/03/2023

Distributors will no longer be dealers, but commission agents.
Stock will be held by the manufacturer rather than by the distributor, who will be remunerated on a commission basis for services rendered (advice, test drives, etc.)
Vehicle prices will be set by the manufacturer, who will pay a commission and cover sales training.
- 40% - Stellantis target to reduce distribution costs in Europe by 2030

Stellantis turns vehicle data into gold 06/01/2023

Mobilisights, a new business unit designed to offer new services
34 million connected vehicles in the Group's fleet by 2030
The market for connected vehicle data is in its infancy, but analysts predict that it will be worth between $300 and $800 billion by 2030
This new business could generate $9 billion in sales by 2030

Stellantis reduces the number of its dealerships 05/01/2023

The Stellantis group is to reduce the number of its sales outlets in France.
Stellantis merged with Fiat Chrysler in 2021.
Sales down 14% by 2022
85% of dealerships will be multi-brand.
European regulations will change and dealers will be paid on a commission basis.
Number of sales outlets down by 20%.

Stellantis cuts through its dealer network 05/01/2023

Number of sales outlets reduced by 25%
85% of distributors will offer several brands (mostly between 2 and 4)
Distributors will no longer carry stock, but will be remunerated on a commission basis
The Netherlands, Belgium and Austria will adopt the new system on July 1
DS, Lancia and Alfa Romeo will follow in early 2024
The new status will not be the norm for all countries until 2027

Automotive: Stellantis reshuffles the cards in its sales network 18/07/2022

Change in the status of distributors to "commission agents"
Objective: to reduce costs and control sales prices, and reduce the number of square meters by 25% to 30%
In future, distributors will be remunerated by commissions based on a percentage of the sales price, according to the services they provide, such as customer test drives or delivery
It will also apply to sales of commercial vehicles, a segment in which its market share exceeds 40%

Stellantis prepares for the end of combustion engines 30/06/2022

Stellantis says it is implementing solutions to secure the future of the seven plants that manufacture or supply parts for its combustion engines.
Until 5 years ago, Trémery was the world's largest plant, producing 3 million diesel engines a year
The programmed phasing-out of combustion engines posed a direct threat to its future.
The Stellantis electric motor assembly line produces 1,400 units a day.
Production of new-generation electric motor: September 2022 (80% of parts sourced in France)
2024 target: 1 million electric motors per year (700 employees)
An electric motor requires 35% to 40% less assembly time than a combustion engine
Sales target for Citroën: double in 10 years (worldwide)

Stellantis gets the job done and prepares its plants for the end of combustion engines 30/06/2022

Stellantis says it is implementing solutions to ensure the long-term viability of the seven plants that manufacture or supply parts for its internal combustion engines.
until five years ago, this was the world's largest diesel engine plant, producing 3 million units a year, and the scheduled phasing-out of combustion engines posed a direct threat to its survival.
Diesel and gasoline still account for three-quarters of production, but an electric motor assembly line is now running at a rate of 1,400 units a day
Series production of a new-generation electric motor is due to start in September, with the double advantage that 80% of the parts for the future motor will be sourced in France
Stellantis' ambition is to reach a production capacity of 1 million electric motors a year by 2024, with 700 employees
Natural attrition has reduced the workforce from 4,400 in 2019 to 3,470 today.
For plants specializing in internal combustion engines, the coming shock is all the more severe as an electric motor requires 35% to 40% less assembly time.