China prepares to buy Stellantis' iconic brands as Profits and sales CRASH

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I think it's important to stick to stocks that are immune to economic policies. AI stocks that have the potential to power and transform future technologies. It seems AI is the trajectory most companies are taking, including even established FAANG companies. Maybe there are other recommendations?

I manage a stellantis dealership. By far this is the worst I've ever seen, lying, holding seperate meetings with dealerships, trying to get dealers to order more cars by giving empty promises.

PSA was doing quite well and when they bought Opel from GM it took just two years for Opel to turn its first profit in decades. The merger with FCA was too big a byte to swallow.

Chinese automakers are smart. Too smart to be conned into buying the devalued “Jeep” name.

They have a 10 year supply already on dealer lots

BYD toured the Canadian assembly plant in Brampton this weekend.

Most of it is because of them doing some of the worst markups ever in history during the tail end and after the pandemic....it was so bad, some people have swore off the brands.

If I were Chinese companies, I would not buy American brands, Jeep, Chrysler, Dodge. I might consider Italian brands such as Maserati and Alfa.

In SEA Maserati is known as a cheap expensive brand.

Your assessment is on-the-money.

I have had 2 jeep Cherokees in last 7 years loved them both stayed to buy another nothing in stock and no answer when? The price point was great and a med. Size suv.

It is simple Europe has too much pride in their brands. It is emotional. Your first love next to you in your small 500cc fiat cruising through Toscane. Fiat is a feel. Not only a brand. It has nostalgia. Europe is not getting it. That time has past. We need a clean planet with new transportation . China took the lead since they do not have any sentiment and are looking forward. I predict that the Europeans will soon build cars for the Chinese to keep Jobs. It is over with luxury european lifestyle. Pronto

Stellantis is what happens when a bunch of failing legacy auto companies tries to survive...

Dodge and Jeep are toast. They are no longer affordable!

The brands were bought by stelantis but never improved. The only think that happened is they raised prices. You can only hide behind a brand name for so long before the truth comes out

Realistically, if you exclude regulatory credits, Stellantis did better in their latest financial reporting than Tesla. Tesla's net profit for the quarter when excluding regulatory credits was down over 75% YoY. Most of Tesla's net income last quarter was regulatory credits. As Tesla sales are down, they likely pulled some of those credit sales forward to inflate quarterly numbers. Subsidies made them profitable, and Tesla is far more vulnerable to political shifts than Stellantis. Neither one is growing, but Stelantis has a forward P/E ratio of around 3, while Tesla is around 100. In other words, for the each dollar of profit they make this year, you have to pay ~33 times more for Tesla shares.

Stellantis has already hit the iceberg. They're rearranging the proverbial deck chairs as the orchestra warms up.

BYD is at Chrysler HQ, they have visited factories and they are looking into buying Chrysler and Dodge. It is actually very good news for consumers a Peugeot can't even make a reliable engine.

Imagine if China bought every single car company.