How Chrysler, Ram Parent Stellantis Plans To Overtake Ford As Top Pickup Maker
Portfolio Pulse from Benzinga Neuro
Stellantis NV, the parent company of brands like Fiat, Ram, and Peugeot, plans to outpace Ford Motor Co in the global market for electric vehicle (EV) pickups and vans within the next four years. The company aims to double its revenues from pickups and vans by 2030, with 40% of its global commercial vehicles to be powered by electricity or hydrogen by the same year. Stellantis is trailing Ford by 400,000 units, with 1.6 million vehicles sold in the past year. The company forecasts that it will sell a total of 1.8 million vehicles this year.
October 23, 2023 | 5:56 am
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Stellantis NV plans to outpace Ford in the global EV pickups and vans market within the next four years. Sales of Ford’s F-150 Lightning electric pickup truck appear to be slow.
Stellantis' plan to outpace Ford in the global EV pickups and vans market could potentially negatively impact Ford's stock price in the short term. The slow sales of Ford’s F-150 Lightning electric pickup truck also indicate a negative outlook.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
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Stellantis NV plans to outpace Ford in the global EV pickups and vans market within the next four years. The company aims to double its revenues from pickups and vans by 2030.
Stellantis' ambitious plan to outpace Ford in the global EV pickups and vans market could potentially boost its stock price in the short term. The company's aim to double its revenues from pickups and vans by 2030 indicates a positive outlook.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100