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Peugeot, Fiat, Chrysler... The Tavares method is sparking at Stellantis


STORY - The group born from the PSA-Fiat Chrysler merger has reached a record level of margin. The iron discipline imposed by the boss creates frustrations.

"We never would have imagined reaching such a level of profitability."

The double-digit margin of Stellantis, created in January 2021, surprises the employees of the ex-PSA, married to Fiat Chrysler for two years.

The French manufacturer posted an operating margin of 7.1% in 2020, a year marked by the pandemic.

FCA's health was even less flamboyant.

At the wedding, the management of the new group was cautiously aiming for a margin of between 5.5% and 7.5% for its first financial year.

It was 11.8%, for a turnover of 152 billion euros and a net profit of 13 billion euros.

Records still broken in 2022, with 179.6 billion euros in turnover, 13% operating margin and 16.8 billion net profit.

“We owe these results to our employees, who have been remarkable.

It's even moving

, ”says Carlos Tavares.

Set unattainable goals

The exception has become the rule.

In March 2022, when presenting his strategic plan, Carlos Tavares set his requirements…

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Source: lefigaro

All business articles on 2023-02-22

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