LIVE THIS AFTERNOON ON THE MOPAR JUNKIE – FIRESIDE CHAT WITH STELLANTIS CFO DOUG OSTERMANN

EV Channels Review

This fireside chat with Stellantis CFO Doug Ostermann provides a candid look at the company's evolving strategy, particularly concerning EV profitability and market positioning. Ostermann acknowledges a shift from an overly aggressive margin focus towards growing market share and top-line revenue, aiming for a healthy 6-8% margin. Key product updates include the upcoming Jeep Cherokee replacement, slated for late Q3, which will feature the brand's first full hybrid powertrain, a move inspired by competitor success. The discussion highlights a strategic pivot towards regional empowerment to address varying EV penetration rates globally, with Europe pushing BEVs and North America focusing more on hybrids. The CFO expresses excitement about new products like the Ram 1500 Express and the Charger Daytona, while also emphasizing the need for more affordable vehicles to attract younger demographics. The conversation touches upon the challenges of EV profitability in North America due to battery costs and the potential of range-extender technology, exemplified by the Ram pickup. Furthermore, learnings from the partnership with Leap Motor are discussed, particularly regarding rapid product development cycles and software integration, which Stellantis aims to adopt.