PARIS, Dec 5 (Reuters) - Opel will continue its role as
the electric vehicle pioneer for Stellantis ( STLA ) despite
the sudden departure of CEO Carlos Tavares, the German brand's
CEO told Reuters on Thursday.
WHY IT'S IMPORTANT
Stellantis ( STLA ), the world's fourth-largest automaker, has been
plunged into uncertainty this week with the abrupt resignation
of Tavares due to disagreements over the company's turnaround
strategy following a hefty profit warning.
KEY QUOTES
"Opel has a very clear path towards electrification, and the
organization will not change these fundamental choices," said
Florian Huettl, CEO of Opel, adding:
"In 2025, which will be the next stage of electrification,
it will be very important to be very agile, very close to the
market, and very close to operations."
CONTEXT
The group has put in place an interim leadership structure,
with a streamlined executive committee chaired by John Elkann,
until a successor to Tavares is chosen.
The leadership vacuum comes at a critical time for
Stellantis ( STLA ), which faces challenges including overcapacity and
bloated inventory in the U.S., sluggish global car demand, and
intensifying competition from Chinese rivals.
WHAT'S NEXT
Opel currently offers a mix of conventional combustion cars
and electrified models, but pledged to fully pivot to a pure
electric lineup in its next product cycle.
Opel's all-new Grandland SUV, the first Stellantis ( STLA ) electric
model with a battery manufactured at ACC's French gigafactory,
is due to go on sale in the first quarter of next year.