Thursday, May 23, 2024
NewsStellantis CFO Praises Flexible Platforms, Says Company Will Build ICE Versions of...

Stellantis CFO Praises Flexible Platforms, Says Company Will Build ICE Versions of EVs

Stellantis sideeyes the electric changeover

  • Stellantis can build ICE versions of its EVs if customers want

  • CFO praises company’s flexibility in earnings report


Stellantis just announced its first-quarter earnings and deliveries. Both numbers were down, but the company’s CFO said that the company is on track for much higher figures. It will also offer gas versions of some of its upcoming EVs, as long as there is consumer demand.

Stellantis CFO Natalie Knight said in the presentation that the brand will be launching 18 electric vehicles this year, out of a total of 25 new models. That upcoming wave of product is why the company saw shipments down 10 percent to 1.335 million vehicles in the first quarter and a fall of 20 percent in North America. Those figures include losing 100,000 units as a result of changing from the old Dodge Charger and Challenger to the new model, and 20,000 from the update of the Ram 1500.

In a Q&A after the presentation, Knight elaborated on the ability of the company to sell more internal combustion vehicles instead of EVs, coming after fears of an EV sales slowdown. “I think this is one of the great opportunities that we offer vis-a-vis our peers is having the multi-energy platforms for all our products and development and having the agility to move between them,” she said.

Knight said that the Jeep Wagoneer S, a smaller model that was revealed as an electric-only vehicle, was just one example. It will launch as an EV, but an internal combustion model is expected later. The same will hapeen to the new Citroen C3 and Peugeot 3008. “Our goal is to really put ourselves in a position where on the one hand we can show the market that we know where things are moving and that we’re committed very much to the EV market, but on the other hand, that we have the flexibility to go and grow where the consumer demand is,” she said.

Lastly, Knight confirmed several product updates for later this year. The Ram ProMaster van will receive an update in the second quarter of this year, and the Ram 2500 and 3500 HD pickups will also refreshed in the fourth quarter.

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