MILAN: Fiat Chrysler and PSA will seal their long-awaited merger on Saturday to create Stellantis, the world's fourth-largest auto group with deep enough pockets to fund the shift to electric driving and take on bigger rivals Toyota and Volkswagen.
Now analysts and investors are turning their focus to how Tavares plans to address the huge challenges facing the group – from excess production capacity to a woeful performance in China. FCA and PSA have said Stellantis can cut annual costs by over 5 billion euros without plant closures, and investors will be keen for more details on how it will do this.Marco Santino, a partner at consultants Oliver Wyman, said he expected Tavares to disclose the outlines of his action plan soon, but without divulging too many details at first.
Like all global automakers, Stellantis needs to invest billions in the years ahead to transform its vehicle range for the electric era.
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