He’s probably losing money on EVs and wants to minimize that loss while still holding or building marketshare. If he really thinks the odds are against incentives sticking around, then pulling back is the right choice. His predictions may not pan out, however, in which case Stellantis will continue to be shit.
It’s not even a smart business decision as it completely ignores any long-term strategy and will leave them in the dust of companies that are proactive
Oh, I agree. But I can see and appreciate the counter-argument that focusing on their existing profit center (ICE vehicles) can be a short-term win. Many in this thread are excusing their behavior precisely for this reason.
In my opinion, it will most definitely endanger the company in the long-term. And if I weren’t already strongly opposed to Stellantis, this would turn me sour to the company. But so many companies fail to plan for the long-term; pathological short-term focus is hardly exceptional.
Only the right choice for the next couple years while he’s in charge. He can make the stock price look good by saving money on R&D and CapEx, make a bunch on bonuses for improving the stock price, and retire while leaving the company in terrible shape for the future.
He’s probably losing money on EVs and wants to minimize that loss while still holding or building marketshare. If he really thinks the odds are against incentives sticking around, then pulling back is the right choice. His predictions may not pan out, however, in which case Stellantis will continue to be shit.
I can understand the business reasons for such a decision. It’s the usual “maximize shareholder value” short-term thinking stuff.
But for any thoughtful consumer, this has to utterly wreck the possibility of ever buying a Stellantis product in the future.
It’s not even a smart business decision as it completely ignores any long-term strategy and will leave them in the dust of companies that are proactive
Oh, I agree. But I can see and appreciate the counter-argument that focusing on their existing profit center (ICE vehicles) can be a short-term win. Many in this thread are excusing their behavior precisely for this reason.
In my opinion, it will most definitely endanger the company in the long-term. And if I weren’t already strongly opposed to Stellantis, this would turn me sour to the company. But so many companies fail to plan for the long-term; pathological short-term focus is hardly exceptional.
Only the right choice for the next couple years while he’s in charge. He can make the stock price look good by saving money on R&D and CapEx, make a bunch on bonuses for improving the stock price, and retire while leaving the company in terrible shape for the future.
Typical Boomer