Stellantis is retreating and now Carlos Tavares says they will sell off unprofitable brands in two years.

Fiscal year 2024 is a real trial by fire for all manufacturers, and Stellantis has serious solvency problems for some of its 14 brands, of which there are many.

Carlos TavaresThe CEO of the automotive group is having a tough time of it, and the reality is that the optimism of his statements in recent months has been shifting towards a less hopeful scenario.

Time and money are running out

Perhaps this all has something to do with the fact that his departure from Stellantis has already become public, since there will be no renewal of his contract as CEO after it ends on January 1, 2026.

In any case, the truth is that there was a moment when we all realized that none of the brands Stellantis has been put up for sale, and that each will have until at least 2031 to reach profitability, in the case of those that do not.

This was said during the formation of the structure within which 14 firms will be protected, namely in 2021, when the strategy was launched. Dare forward 2030which set the aforementioned ten-year period for all brands to catch up.

However, now in his statements during the 2024 Paris Motor Show, Carlos Tavares has spoken out about what will happen plan review created long before its completion, and that in 2026 Some important decisions could be made regarding the sale of companies that by then are not making a profit.

Several brands are in the spotlight, and not just in Europe

Tavares put it at stake that there is no money to keep brands afloat that spend more money than they generate. And it puts them in danger Maserati, Alfa Romeo and even Lanciabut outside Europe they are also in danger Chrysler And dodge.

Time will tell what will ultimately happen.