I am an engineering manager with high product development responsibilities at Stellantis.
This is a warning to all whom hold Stellantis Stock. My advice to you is Sale.
After FCA the way company been able to keep green balance sheet was two things:
- Increase MSRP by 60% in 5 years and we can see how is that working out.
- Cut knowledgeable people in US and move their jobs to India and Mexico.
Looking at what stellantis sales in US now it is important to note there is no Stellantis product on roads yet.
First true Stellantis product is the new Charger and the new Wagner is 70% in stellantis time and 30% in FCA time.
So when they comes out you will see the full influence of knowledge cut in quality and recall. They will make Ford quality look "OK".
I will come back in two years and post here about this. Let's who correct I was.
Management has failed us as a company by pure greed and Disregard to customers and employees.