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Former Chrysler still driving Stellantis profits! (First half financials)
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Feb 4, 2025
Here are Stellantis’ figures for the first half of 2024. FCA US’ problems may be real, but they still had double the operating profit of any Stellantis region! See more...
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hi this is Dave and I'm here to talk
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about the financial results that we got
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from stellantis today stellantis as you
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probably know is the combination of Fiat
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Chrysler and PUO PUO brought along
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Citroen and opal Fiat Chrysler brought
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Fiat Chrysler alfar
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Romeo uh Maserati and of course you know
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Ram Dodge Jeep everybody so it's a big
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uh it's a big company but it's largely
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big in terms a number of Brands which is
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crazy large we're going to talk about
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the financials and where former Chrysler
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stands in all that and before we start I
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just want to point out one euro is about
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a doll eight so these numbers if you
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just swap in dollars you're pretty close
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a little low so first of all we have uh
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the good news that stantis wants you to
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focus on which is that for the first
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time they had the highest market share
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for commercial vehicles in the Middle
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East and Africa region and they kept
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their top spot for commercial vehicles
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in Europe and South America and in
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United States they're still the top
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seller of plug-in hybrids largely well
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let's face it entirely due to Jeep but
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the Chrysler Pacifica sort of gets a
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little bit in there so they mentioned 20
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new product launches before the year is
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over and that includes the only Mopar
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one is the Ram 1500 which we all know
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about and there's people who' have
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driven them it's got that hurricane 6 in
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it which is really quite a potent Eng
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engine uh more opponent than either of
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the two Hemi V8s that it replaces and
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for the first time you have something
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that's more powerful than the 392 in a
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Ram 1500 so that's pretty impressive uh
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let's see they've also got the Lancia
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ipsilon if I'm pronouncing either of
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those names right a pair of PUO
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crossovers the 308 and the 508 Mazerati
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electric SUV the Citroen basal and SUV
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Coupe they say uh no idea what that is
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and I didn't bother looking it
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up and 12 different stantis Vans but
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that's across five Brands so it's up to
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18 by my count that the other two that
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are going to come out in 2024 the
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charger which has been delayed a bit but
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is still on the way and the Wagoner s so
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that means the Recon will show up in
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2025 santis North America they had a
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adjusted operating income of
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4.4 billion e which is down by nearly
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half from last year which is to say the
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first half of 2023 but is still quite
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good compared to any other stellantis
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Division and the margin is
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11.4% which is quite good although not
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as good as the best Atlantis division so
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well actually let's look at what's going
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on in North America America and this is
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my favorite part of the report in some
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ways because they say that sales volume
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fell partly because the lower market
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share and you know that that's a little
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odd it's a little bit like saying well
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yes you're heavier on the scale but
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that's partly because you gained weight
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however the company's guidance is that
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they will make up for it when their new
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product hits the shelves so to speak and
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that's coming later this year so they
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figure that right now they've got a gap
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between the old Cherokee and the new
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Cherokee and so forth and they'll deal
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with it around the world their adjusted
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operating income was about 8.5 billion
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EUR and their net profit was about 5.6
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billion EUR and again it's down quite a
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bit from the first half of 2023 but it's
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still better I think than a lot of
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people expected and they adjusted
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operating income margin is 10% which is
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pretty healthy it's almost the same as
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General Motors which is
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interesting uh the only other real news
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I think in there was that uh leap motor
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which is the Chinese EV company that
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they bought into has got an approval to
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sell in Europe oh and also today they
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got uh they reported that they found an
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investor to buy most of Kamal Kamal K I
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have no idea how you pronounce and they
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make Robotics and they were part of Fiat
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Chrysler but they said when we do this
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deal we'll sell them and that's it
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