Carlos Tavares’ merciless cost hunt at Stellantis

Carlos Tavares’ merciless cost hunt at Stellantis
Carlos Tavares’ merciless cost hunt at Stellantis

Sophie Fay, Le Monde

Detroit, United States

Published on June 24, 2024 at 6:34 p.m. / Modified on June 24, 2024 at 6:36 p.m.

“We no longer make cars, we make money.” Calm and level-headed, Benoît Vernier, CFDT central union delegate at Stellantis, is not in the habit of forcing the point. But he looks at his business with concern. With the decline in sales of electric cars, a battery-powered 3008 whose production is not getting off to a flying start, and stocks piling up in the United States, the pressure on results is maximum.

To meet the objectives announced to the financial markets, Carlos Tavares is slashing costs and workforce. A method to which employees resigned themselves when it was necessary to save PSA in 2014, then succeed in the merger with Fiat Chrysler in 2021, but which is becoming more and more difficult to accept: “We don’t know where Carlos Tavares is going “stop, particularly on research and development,” asks Benoît Vernier. In Brazil or India, an engineer costs 25 to 30% less than in Europe or the United States. Stellantis wants to take advantage of it. What will remain in France in the long term? On the other side of the Alps, Italian unions are asking themselves the same questions.

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