- Stellantis reports a significant net loss due to electric vehicle write-downs.
- The company is scaling back its EV strategy, focusing on internal combustion engines.
- North American truck sales, especially Hemi V8s, are expected to drive profitability.
- Despite the loss, Stellantis shares rose as CEO Filosa outlined a turnaround plan.
First-Ever Loss? Say Hello to My Little Friend
Alright, listen up. They tell me Stellantis took a hit, a big one. A twenty-six BILLION dollar loss? That's more than I made in a month back in Miami. But hey, you gotta break a few eggs to make an omelet, right? They're blaming it on this whole EV thing. Electric cars, huh? Seems like they overestimated the market, just like some people overestimate their chances against Tony Montana.
No Plug-in Hybrids? Good. Less Problems
So, they're ditching the plug-in hybrids? Good riddance. Less complicated means fewer problems. And in this business, you don't need problems. You need solutions. And the solution, according to this Filosa guy, is trucks. Big, gas-guzzling trucks. Now we're talking my language. Speaking of guys like Filosa, you should read more about Bill Gates Addresses Epstein Ties and Foundation's AI Work. Different world, but everyone is just trying to make money and not lose it.
North America: The Land of Opportunity (and Trucks)
North America, they say, is where the money's at. Strong growth in volume, increased truck production, all that jazz. Reminds me of Miami back in the day. Plenty of product, plenty of demand, and plenty of… opportunities. This Filosa fella seems to be banking on those V8 engines. You know what I say to that? Say hello to my little friend… the internal combustion engine. It's tried, it's tested, and it makes some serious noise. Just like a good business deal.
Shares Up? They Must Think I'm Back in Business
The shares went up? After a twenty-six billion dollar loss? These people are crazy, but maybe they know something I don't. Or maybe they just see the potential. The potential for profits, for growth, for… more. More money, more power, more everything. That's what it's all about, right? As I always say, 'The world is yours'.
Execution Gaps? Time to Fill 'Em
Filosa is talking about closing execution gaps. Sounds like a fancy way of saying they screwed up. But hey, we all make mistakes. It's how you fix them that matters. You gotta learn from your failures, pick yourself up, and keep moving forward. Just like I did when… well, never mind about that.
Positive Cash Flow in 2027? I'll Drink to That
They're predicting positive cash flow in 2027? That's a long time from now. But hey, patience is a virtue. And in this game, you gotta have patience. You gotta wait for the right moment, the right opportunity, and then… you strike. Just like I used to do. Now, where's my little friend… the one made of cash?
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