Carlos Tavares likely fired by Stellantis after public revolt from U.S dealers
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- เผยแพร่เมื่อ 25 ก.ย. 2024
- Carlos Tavares likely fired by Stellantis after public revolt from U.S dealers
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He got a 56% raise last year. Thought he was untouchable. I hope he does gets fired!
Hopefully they claw back some of his compensation for incompetence and utter failure.
He will be fired - or to be more exact, Stellantis board will bid farewell to him with that $40 mil golden handshake for doing what they asked of him - sticking that dagger deep into the bowel of Chrysler and consigning Chrysler to the scrap heap of history so the European masters can go back to focusing on Europe and the rest of the world.....as they should. Chrysler is beaten to death already years ago and only the Americans can't see that it's been dying of a thousand cuts. All Tavares has done is put Chrysler out of their misery. That was the whole plot from Tavares' day one, period.
@@dobbo7690 You’ve missed the plot in the first place. His job WAS to put Chrysler out of its misery. The board is happy with that; that’s why he got the $40 million golden handshake. I’m not here to defend Tavares- i could care less about him. I’m here to set the record straight - seems you Americans don’t know you’re barking up the wrong tree.
It's called a golden parachute. He knew he was on his way out.
Probably did think he'd survive, but I'm sure he doesn't think he's untouchable. Demanding & getting such a pay raise suggests he was getting danger pay. CEO pay is always uncertain: the job tends to be high-risk & short tenure. Tavares has been spectacularly dumb. But no worse than Mary Barra - who is ALSO making bank. GM will die, but she'll get rich on it before that happens.
Dealerships add no or close to zero value for customers, they are middle man increasing cost. If you are one of them and are pissed off - don't be. Do something for others that adds value.
You obviously have never been taken care of at a dealer
@@Emm2004 Poor dealer experiences would be the vast majority of auto customers. Slippery sales practices and even more slippery service practices. People aren't picking on car dealers because they've had lots of good experiences there but just randomly picked this group to dump on.
@@Emm2004 I obviously havn't, and so what? I was taking delivery at Tesla delivery center, it took max. 20min maybe from when I entered to when I was driving back home. Everything prior to that done online in the app. Tesla took all the money, which they will re-invest in new products/AI/Energy/Optimus/whatever. If the dealer took part of that moeny, he would spend it on vacation, drugs or his own car. What's the point? WHere is the value created in that process?
Most of us have never been taken care of at a dealership. Though many of us have been taking advantage of!
100%. Spot on, mate !
I've held Tesla shares through agonising years until they finally achieved multi-bagger status.
And what - make that who - gave Musk all the grief in Tesla's early years by refusing Musk placement of Tesla in those American dealership showrooms? This same bunch of leeches from the high-sounding dealers "council". Fast forward some 15 years and these leeches are left holding Chrysler's rotting carcass and they're bitching? It's karma big time. They can go suck eggs.
A friend of mine bought a Tesla less than a year ago and has already done over 30K kms hasn't done a service and has spent virtually nothing on electricity to power it. This is what legacy auto are up against. My next car is definitely going to be electric.
Bye Tavares. Not even the foresight to BS well. Mary Barra should be right behind him. Lots of BS, no follow through.
Legacy company CEOs may be trying to extract as much cash as possible, while possible. They may have done the math and determined that it's unlikely their companies will survive.
I think it's Shell Oil that is borrowing money and using that borrowed money to pay dividends to stockholders in order to support their stock prices. People at the top need to be able to cash out their stock at higher prices before reality sinks in with the general market.
What follow through? What can anyone even do at this point? Americans don't want to buy those shitty cars anymore.
Not sure how much he makes. But Mary Barra gets $70 million/year and it sure seems like she has no clue what she's doing. The average person off the street could probably make better decisions. If I were in charge (and I'd take the job for a million or two per year, I'm not greedy!) I would not have cancelled the Bolt. Just kept making it, even at a loss. Make up for it with profits from Cadillac or GMC. Keep improving it, year after year, until it's getting 350 miles range, charges in 15 minutes, and is as good as a Tesla! Why not. Instead they cancelled it and are trying for a pie-in-the-sky new product "Ultium". Also shouldn't have cancelled the Volt. Oh and they shouldn't have cancelled the original EV from the 1990s.
Hope I get to keep saying this about legacy auto. Good riddance.
Easy to say when you're not depending on a job at a dealer or repair place to feed your family.
@@ChickensAndGardeninglosing jobs has always been a problem when introducing new technologies. Ppl will learn new things and get new jobs. Learn to repair electric cars etc.
Kodak made record profits right until they went bankrupt!
Really impressed by your output! And by the denial of legacy automakers. Keep up the good work!
Much appreciated!
Firing the CEO is just kicking a can down the road. The real problem is Chinese carmakers coming for the throat of every other carmaker in the world. The problem is Americans not accepting the fact that cars are quickly becoming mainly for the rich if Chinese cars and Chinese car parts are banned in the US. Stellantis moved upmarket to try and avoid China and it is not working. Starting next year we will see the first of many traditional carmakers going out of business and it will be shocking.
Yes you right ice will be manly for the rich there no way these auto maker can compete with these Chinese company
I was in NYC in the Summer and was amazed by the lack of EV’s. I love a V8 as much as anyone but why in a small delivery van. Totally understand why Americans have no idea what’s coming. Anyone reading this check out reviews of recent Chinese motor shows.
I don’t yet understand whether Chinese auto factories in Mexico will be able to sell in the US or whether it’s to dominate the growing Latin American market
The US government may well build a wall that keeps Chinese EVs out, even those made in Mexico. But that just creates a shooting gallery for Tesla and, probably, Hyundai/Kia. It could mean the US will arrive at 100% EVs a bit later than most of the rest of the planet, but we'll get there.
The kicker is the Tesla robotaxi. It should be easy for Tesla to manufacture two million robotaxis in the US per year. Each robotaxi should replace five to ten privately owned cars. Even at a rate of five, 2M Tesla robotaxis would put a very major dent in new car sales from GM and Ford.
Jeep and RAM are highly profitable and are keeping Chrysler afloat (I can't speak to the other divisions). Chrysler should come out with a competent small EV pickup that can tow for 300 miles. Also an EV Jeep would probably do very well (currently there's a hybrid Wrangler, not sure how good it is). They have a PHEV minivan that's very competent, but doesn't seem to be selling all that well, maybe because minivans are a dying category. But there's a lot they could do; not sure why they're seemingly standing still right now.
Old taxi driver here. In the days of licences having value, drivers were on 50%. Once Uber came the licence cost component dropped raised the drivers portion. I still would think it paradise where I got 80%
The future is electric. They need to think about where they want to go and not where they have been.
Making the move may be impossible for many legacy companies. They need profits to pay their very high debts. They can't make profitable EVs anytime soon. EVs are eating into ICEV sales. As ICEV sales drop, profits drop. There's less money available to fund not-yet-profitable EVs and pay debt obligations.
Unburdened by what has been.😅😅😅😅
Ford Motor CEO visited China recently , he viewed BYD EV's as existential threats of all the legacy carmakers .
He will work with his Chinese joint venture partners for future developments .
He gets it. He has also basically said he wants to move Ford production lines to Mexico, because the UAW has gone too far. Trump will oppose that, but probably if he wins, Farley will meet with him and explain "We either lower labor costs, or we close down. Which would you like us to do?"
The French and the Italians have never understood the U S car market,
so putting a Italian/French co in charge of selling in the U S????????????
And why should they?
You think they acquired Chrysler for it's "gangbusting" auto technology and "global appeal", LOL?
To be honest, the USA only represent about 4% of the world's population and under 25% (falling each year) of the world's new car sales market. So whilst the USA is an important market it's not the primary one for a global automaker to seek to prioritise it's company's strategy around. The same goes the other way around, GM had a go at being a global player, tried to apply the US approach to the rest of the world, which didn't work out and so retrenched back to the US market.
I think that cuts both ways but you’d like to think a global company could do better.
The markets growing their portion of global sales are markets where less expensive automobiles are what will perform well. The future looks bright for Chinese EV makers.
@@kindface Yes, when you put two losers together
you do not get a winner.
They're going to fire a lot of scapegoats before they realize they need to fire the dealers instead. But let them figure that out on their own.
That guy is the snake, good. Now I can’t wait for all their stealerships to go out of business.
US government officials I’ll be looking to ban Chinese made parts for EVs, meaning no Chinese EVs.
And put a damn shirt on! This isn’t only fans.
You should see what is behind the paywall for the Sexlectric Viking!
It can ban everything from China for sure. But without creating its own industry and without real competition at least on intl markets it is way to nowhere...
Forget Chinese manufacturers US legacy is stuck without Chinese parts. And the US consumer will start to see what’s going on in the rest of the world and want the same.
That might protect Ford and GM for a while. But Tesla and Hunda/Kia will be eating into their US sales with EVs that people want to buy. Ford and GM are likely to lose most or all of their sales outside the US. It's unlikely they can pay their debts with only US ICEV sales, especially as demand for ICEVs shrinks.
I am thinking of going to see the total solar eclipse in Australia in 2028. After seeing how Australian men dress it looks like I will definitely be going.
Least shocking thing I’ve heard this year.
Some markets might shrink, but others are just starting to grow: South America, Africa, India….
And China is poised to take those markets. China has good, very affordable EVs. Legacy companies do not.
Dude, I love your work but... shirt!
What?
@@oggyoggy1299 lack of shirt...
Dude, I love your body, but please stop talking about cars!
You should do a better, i.e. individual analysis of the various member companies of Stellantis and present to your viewers that some of them such as Peugeot, Citroen and Opel are not at all in trouble.
Enjoy the conference 👍
Carlos Tavares tem feito ganhar muito dinheiro na stelantis.....
com os motores 1.2 puretech sem dúvida, só problemas xD
I think he'll get by okay.
I have the same thing in my Kia Forte
You need to apply for his job, as you seem to have all the answers.
By comparison? He does.
Not aggressively pursuing EV market share is crushing these companies
Might be too late
You don't have to be able to throw a 100 MPH fastball in order to tell when a pitcher has lost theirs.
People should carry an electric charger in their trunk for emergencies.
Or drive a Tesla that tells you when and where you need to stop for a charge.
His OK, have to pay him out until end of contract. ❤😂
How's your wife doing? Haven't heard much lately. Always the best
I do agree the dealers are revolting.
Hehe
Stealerships you mean. A few years sgo selling above retail price thus now going bust. They deserve it
Castrol oil ad lol
VW will be next
The reality of self driving taxis is a long ways off. Besides, as a society there are a lot of jobs for people driving taxis and we no not need more people losing their income... This lowers the standard s of the working class which has already suffered by the greed of the corporations, and the political leadership that they have bought off for mer cents on the dollar. I am glad that I am old so I do not have to whiteness the crisis that is developing over the next 10 to 15 years. Unfortunately our children will be in the middle of this mess, and I hope for the best for all our next couple of generations.
There are already self-driving taxis on city roads. The systems are on the crude side but they will improve. And Tesla is very close to finishing their full self-driving system which will let all Teslas become self-driving cars.
Yes, jobs will be lost. But that has happened for hundreds of years as technology replaces labor. We need to be thinking about how we fairly distribute goods and services as labor loses its value.
Dude...get rid of that thing before that tesla copycat spontaneously explodes on u
Please explain more. I'm from the US what's with xpeng
Agreed with @dc_model3
@@ChicagoBob123 You will not get answer from this DC_dude. He is too far away from the reality to understand anything.
I think it is still normal to distrust Chinese products, especially Chinese cars and, of course, Chinese batteries.
@@undisclosedthai No it is not normal. EVs from China are very high quality for example NIO, XPENG etc. btw Almost all EVs in the world (Including Tesla) using Chinese EV batteries for example batteries from CATL which is the biggest manufacturer in the world.
So NO, BIG NO this guy is very much wrong about this! These talks are just old behavior from people which does not know anything about it or they are or just want to be moron about this matter without any facts or real reasons behind it.
Just how shortsighted could you get ?. Perhaps you want a 'genius' like Elon Musk. Be careful of what you seek...... you could be inflicted with him !!!.
😂😂😂😂
Samuel, you need to put a nudity warning on videos like this.
He's camping, is fine for a male to show the top part of their body.
@@trythis2821
Yes, privately he can.
But doing something for public service, you don't.
Seen anyone on TV doing the same thing. If that's media, then so is this!
@@hardi.howdy.983 Yeah nah, ever been to a public swimming pool or the beach. You will be lucky to see one male that doesn't have their shirt off. Of course it is okay.
OKEY.....
If some kind of reality is important to this channel, the clic bait should be:
Time to fire Elon Musk?
I can't say I blame Tavares if his only crime is ignoring the legacy of the Chrysler stable of cars.
Think about it: what's there in that stable worth keeping? Nothing. I think the Peugeot people, the core of Stellantis, really were ever only interested in the sales network associated with the Chrysler brand AND any European car brand they'd acquired over the years. Technologically speaking, Chrysler itself (not including the European brands it owns) is nothing more than a pile of rotting carcass. So, yeah, while the American dealers might bitch about Tavares' strategy, Tavares and his masters back in Europe can't really be much bothered by the whole commotion. Tavares has done what his masters have hired him for - kill off what's left of the Chrysler baggage if it can't be revived on its own merits and let's all move on, RIP Chrysler - and thanks, he can go off to the sunset with his $40 mil golden handshake and Stellantis can go back to focusing on Europe and the rest of the world as they have ever only intended.
To be honest, the USA only represent about 4% of the world's population and under 25% (falling each year) of the world's new car sales market. So whilst the USA is an important market it's not the primary one for a global automaker to seek to prioritise it's company's strategy around.
@@GruffSillyGoat And let’s face it: the cars that the Europeans make are optimised for performance, ie power nuanced with refined handling. Americans don’t get and are interested only in brawns. As an auto engineer, I’d find catering to the American market terribly uninspiring. And the stats prove the point: there are no worthy American auto brands that I’d consider a global player. (Tesla/Musk was always viewed by the American establishment as nothing more than an adopted American and an outsider whose Americanness is occasionally invoked just to co-opt for fake American bragging rights.)
Lmao, Chrysler makes 75% of the profits for Stellantis, without Chrysler Corporation's income, Peugeot and Fiat is dead.
@@manuelsmiley7125 I just replied to your cut-and-paste nonsense in another thread. You are a good example why Chrysler is in trouble- you swallow the American kool aid whole.
@@kindface stop it, just stop it, those European brands are the trash of European cars, the only one that's worth anything is Opel.
That's because of his losing strategy of building vehicles that no one in the north American auto market wants primarily being EV s , our country's grid need major improvement before that will ever happen , charging stations are a joke half of them do not work and in this country we actually tow things I can get 600 miles to a tank on with my 2024 f150 be comfortable and tow up to 14000 pounds when I need it , why would I want some thing that I get maybe 200 miles on a cold day take an hour to charge because I had to wait in line waiting for a charger and have no room for my family and a lot of luggage along with the family dog can't do that in an EV 🤔
Isn't that F150 fuel capacity more to do with compensating for the *very same* drop in range while towing that electric pickups struggle with - so you can *tow* for 300 miles? I can't be sure, but I don't think many of the F150s I see parked up at the grocery store while their owners buy quarts of milk actually _need_ to travel 600 miles. Or tow hay balers. And using an EV whose 300 mile summer range has dropped to only 200 miles in wintertime still handles the 40 mile average daily commute just fine.
Hi, Sam. Trying to get some😆more views showing some skin... ha ha ha. Just kidding, buddy. Great info!!!
So, what is the problem with short term management strategy? Look at you: you promote good chinese cars. Good for short term financials, terrible for long term sustainability of your pensions, health system, etc. Unless you believe that chinese will come to save us all. Just kidding.😂
You’d think the highest paid legacy auto CEO could afford to get his dreadful teeth sorted, wouldn’t you?
Sam, you have to make a video about BYD presentation at the World Power Battery Conference few days ago.
There, BYD showed their battery roadmap. This is some highlights.
1. 4C Blade LFP battery is in mass production. Energy density is 200 wh/kg, roughly same as CATL Shenxing LFP battery's density 205 Wh/kg.
2. Lithium Alloy LFP battery in developing stage, energy density is expected 300 wh/kg
3. Anode free LFP battery in developing stage, energy density is expected 400 wh/kg. Higher than MNC batteries and twice than current LFP battery.
4. Solid-state battery. In 2027~2029, medium/luxury model / in 2030~2032, all BYD mdels. Plus Sodium-ion battery.
Stellantis vehicles are mostly crap. Their brands are consistently voted least reliable and their after sales service is woeful. I'd never buy a Stellantis ice vehicle, let alone a Stellantis EV. I'd be too afraid of the vehicle going up in smoke or leaving me stranded.
Self driving taxi-cars will surely replace all taxis, ubers, etc. But I really can't see them replacing ordinary cars for people, especially those that do not live in dense, urban areas. And people in dense urban areas usually don't own cars anyway. What sort of percentage of vehicles on the road are taxis, ubers, etc.? Not a big one.
“Hey Xpeng, put The Electric Viking in Camp Mode”
There you go Sam, take over for Carlos when he's fired! You could still make videos! Like your new EV BTW!
Of course the auto market is shrinking - in Western countries.
- demographics are in free fall: our populations are shrinking;
- AI + Robotics assures there'll be less labor content in products AND services;
- we shipped our manufacturing capacity to China; it isn't clear we'll reverse the outsourcing;
- EVs use less manufacturing content, parts: they have a smaller manufacturing footprint;
- China is flooding western markets, dumping EVs below cost;
- Autonomy ensures fewer people will buy cars going forward.
The car market WILL expand as more developing nations' populations become sufficiently well-off to afford a car. But that won't completely offset the factors above.
Dear Electric Viking,
What happens after Tavares is out? He was extremely greedy, and let's even assume the next person won't be. Everything is still going rather poorly for CDJR (Chrysler Dodge Jeep Ram) in USA, and I hear for Stellantis abroad. People don't want to buy their cars. In the USA, Chrysler dropped pretty much all their good stuff because of government order. They're probably not going to get EV's anywhere near Tesla. Chrysler hasn't built the 300 in years. The only Chrysler remaining is an overcomplicated and poorly built Pentastar-powered minivan that's inferior to its competition. Dodge is not worth purchasing now that the HEMI is gone. The only thing left is the rather untested new "hurricane" motor that they're starting to put everywhere including RAM trucks. I don't know, when I think of hurricanes, I think of blowing.
If you're thinking that Jeep is doing good, they're actually the only part of CDJR that is actually doing good. They're the cash cow, and the only way Jeep is really suffering, is from Chrysler "engineering" being forced onto Jeep. On the Wrangler you have to choose between the dreaded 3.6L Pentastar or the 4 banger turbo with some E-torque module that costs $2,000 to replace and breaks all the time. If it was Taveres' decision to make the Wagoneer at 100k price point to compete with the Escalade, that's an ambitious move. Problem is, there aren't enough Americans with that much to spend.
As for Dodge, Ram, and Chrysler, they're sitting on lots man. They're not selling. Stellantis will have to sell at huge discounts to move old inventory. They're already way off MSRP. Tavares saw the writing on the wall and used the golden parachute. Where does that leave those brands? In ruin. Chrysler is dead at this point. It doesn't matter who the new CEO is. The CDJR dealers hate CDJR. The customers hate CDJR and CDJR dealers. People see the way CDJRs are known to randomly glitch out at high speeds and all that.
I hope Chrysler and Dodge die. It's time to make the way for something else. Ram isn't going anywhere because working company people actually use it for work. Jeep's not going anywhere. Dodge and Chrysler have overstayed their welcome though.
Years back, some of us were talking about how the transition to EVs was likely to play out. First stage, some companies figure out how to make good EVs. Second stage, the cost of EVs fall and companies that hadn't taken EVs seriously would be panicking as they faced bankruptcy. Third stage, only EVs makers survive and many legacy companies would probably have gone extinct.
I thought the panic phase would happen between 2025 and 2030. It looks like it has arrived sooner. What we didn't factor in, back then, was the emergence of good, very affordable EVs from China. Right now, I can see us losing some ICEV brands before 2030. Some countries may keep their major brands alive with tax dollars out of national pride and political pressure. But by 2030 the ICE is likely to be fatally injured. Close to 100% EV sales before 2030 and very few ICEVs left on roads by 2040.
We obviously are living in a crazy woke world if the president of this once large and prosperous vehicle company is in charge and has been diagnosed with bi-polarism! Brings 'inclusivity' to a whole new mad woke level. Yes, I know Elon Musk has autism too but it's not the same. EM is a genius who has made and continues to make, genius level decisions and is aware of his shortcomings - I have the greatest respect for him. Bye bye, Stellantis.
You don't even have to think EV its reached the point where they can't even make a reliable combustion car anymore.
lol Stellantis and Dealers fighting. Dog eat dog world.
No point making cars that lose tons of money, eg, EV’s.
This man will not be missed by the auto industry…
Carlos Tavares has a 5 year contract ending in early 2026.
The Xpeng lane keeping has a software issue, you can see the steering wheel over correcting .
Out of respect for us viewers - put on a shirt!
Im American and i love that Xpeng
It’s really funny to me how anyone with financial skin in the game think autonomous driving is really going to become a thing. Maybe in the Asia, UK and EU, but it’s not happening in America 😅. They have to replace all human drivers for it to work here. I own a Tesla and have tried Waymo in San Francisco. It’s a nice novelty, but no, it’s not going to happen here. We don’t even trust our government and you think we’ve will trust a self driving car to do our babies off to school or get me to work on him in Chicago, Manhattan, or LA traffic???
So many things have to happen in order for it to work and the conflicting business interests and greasing the palm of politicians will be so large and drawn out I don’t see it ever happening.
Self driving cars is a pipe dream.
Oh really... you bought Nokia stock, so sad.
Humans take longer to adapt mentally to new technologies.
@@GrigoriZhukov Nokia is still one of the largest telecommunications companies in the world. So it is quite wrong to compare faded company as like stellantis to Nokia.
@@GrigoriZhukov You own a Mr Fusion system?
@@Rhotz-ix8ll 42 to be precise.
Looking forward to watching your video on Tony Seba!
Hope you like it!
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