Siuma Capital Latin America’s Post

EXCLUSIVE interview with Stellantis CEO Carlos Tavares, and a big thank you to him and his teams for the almost one hour together. It resulted in more than one story. The 65-year-old CEO makes some extremely important points: - He sees consolidation in the auto industry coming (see why below) and has started observing the landscape - Tavares is a proven dealmaker: he is gearing up to be part of that consolidation - No plans to go hostile - friendly deals are already hard enough - the next one will have to be a ``win win'' for all parties involved -- EU might want to rethink its antitrust policies to allow bigger M&A if it wants its companies to be able to compete with ``massive'' arrival of Chinese ones #automotive #EVs #electrification #electriccars #ceos #europeanunion #mergersandacquisitions #italy #france #us #deals #exclusiveinterview #china

💥 Stellantis is ready for some M&A action... ➡️ When doubt is raising over EVs, it’s obviously a moment Carlos Tavares is cherishing as an opportunity for him to make his concerns heard. That’s what he did to multiple medias last Wednesday. 💡 In a nutshell: 100% BEV sales regulations + profitability impact of the UAW strike (for the US) in the light of the growing Chinese competition selling BEVs at ICE price = Darwin is back for Western carmakers. 😰 On M&As: Chinese competition while Western governments “are imposing 100% BEV sales” are gonna lead to an “existential problem” for Western carmakers. For Tavares, scale is gonna be more than crucial. The opportunity for Tavares to throw a friendly dig to Renault’s scale and strategy over Ampere. “It’s refreshing” but his “thinking is exactly the opposite” of what Renault is doing, adding that Renault is not a target for an M&A due to the French state involvement. 🤝🏼 So yes, Stellantis is open for consolidation in an “amicable” way, looking for a win-win operation just like he did with the PSA-FCA merger (for which he thanked the EU by the way, it has to be highlighted!). Is fully absorbing a Chinese competitor on the menu though, after acquiring 20% of LeapMotor who he praised the EV tech recently? 🗞️ This extract was part of monday's Mobility Brief, subscribe now so you don't miss a thing! #automotive #ev #newsletter

This article is absolutely spot on. Sadly, my thoughts align with those of Carlos. We are in a bad place as the onslaught is already in motion. If we don't make rapid advancements the determination, the price advantage and the quality product that Chineses EV manufacturers offer, will mean that Western OEM's will see the demise of many nameplates in fairly short order. #china #ev #Europe #marketshare #demise

Archer has received an additional $55 million investment from Stellantis. This latest investment builds on Stellantis’ series of open market purchases of 8.3 million shares of Archer’s stock > > https://hubs.la/Q02Frgf50 Archer CEO, Adam Goldstein, said; “The commitment by Stellantis to Archer has been unrivaled, from its foresight to provide the manufacturing expertise and capital needed to accelerate Archer’s business objectives, to the strategic vision and steadfast support from Stellantis CEO Carlos Tavares. Together, we’re working to redefine urban transportation, opening new worlds of opportunity for citizens across the globe by providing more efficient access to people, places, and events across the regions they live in.” More details on the Advanced Air Mobility International website. Archer Stellantis #investment #evtol #funding #mobility

Transaction Update in Vietnam for the week: Mitsui & Co., Ltd. (Mitsui) has entered into a strategic partnership with Tasco Auto, marking Mitsui as a strategic shareholder in the company. The partnership commenced with an initial investment on July 31, 2024. This collaboration is set to enhance Tasco Auto's exposure to world-class operational and management practices while leveraging Mitsui's extensive global network to unlock the growth potential of the automotive industry. Mitsui, a leading Japanese trading and investment conglomerate, operates across more than 60 countries globally. The automotive and transportation sectors are core areas of focus for Mitsui, with investments in over 100 companies spanning 26 countries. Tasco Auto, a subsidiary of Tasco Jsc., is a major car dealer in Vietnam's automotive industry, and currently holds a substantial 13.3% market share in the country. Source: https://lnkd.in/gbwcjxuM #vietnam #investment #merger #acquisistion #automotive #car #distribution

Will #mergerandacquisition be the right answer of traditional #automotive #OEM s? Stellantis CEO puts his thoughts public. #Automobilindustrie #automotivefuture #scale #automotivefuture #future #competition #cooptition Details at Bloomberg https://lnkd.in/dypJavYP

Interesting views on the future of the European automotive landscape

The diversity that the automotive industry has reached is impressive. Electrification and software-driven design are enabling new players to enter the market. I am intrigued to see how the market will look after the transition.

Huge investment in South America

Good morning 🌞 Here is your daily dose of updates & stories in the automotive industry. -ETAutoTech Summit 2024 kick-starts today, themed 'Engineering Sustainable Transition' -Cost of FAME 3: Meet local sourcing norms or face penalty -Hyundai reserves 35% shares of IPO for retail investors -JLR revives Freelander with Chery partnership to conquer China's EV market Read all this and more👇 https://lnkd.in/dFYtCUw #newsletter #ETAuto