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<blockquote data-quote="Weather Man" data-source="post: 16650276" data-attributes="member: 137766"><p>The absolute wave of EV's hitting dealerships in the next 2 years is quite amazing. I just see the charging network in homes and public to support it. Maybe I am just to old, lol. I don't get the hybrids, the ICE bans coming down the pike don't allow them.</p><p></p><p></p><p><a href="https://seekingalpha.com/news/3724021-stellantis-trades-up-overcomes-semiconductor-shortages-to-post-record-margins" target="_blank">Stellantis trades up, overcomes semiconductor shortages to post record margins</a></p><ul> <li data-xf-list-type="ul">Stellantis N.V. (<a href="https://seekingalpha.com/symbol/STLA" target="_blank">STLA</a> +5.0%) shares jumped today after the company reported record first-half adjusted operating income (AOI) margins of 11.4%, compared to H1 2020 AOI margin of 1.5%, even after temporary production losses of 20% due to global semiconductor shortages.</li> <li data-xf-list-type="ul">The improved margins were driven by price increases, especially in North America where the company achieved record profitability with an AOI margin mark of 16.1%. The Jeep Wrangler 4xe was the best selling plug-in electric vehicle hybrid in the U.S. in the second quarter.</li> <li data-xf-list-type="ul">The company raised its guidance for FY AOI margins to ~10% from previous expectations of 5.5% to 7.5%. This means AOI margin is expected to be about 8.6% in the back half of 2021.</li> <li data-xf-list-type="ul">The company now has the highest market share in South America with 23.6% (up 620 bps Y/Y).</li> <li data-xf-list-type="ul">The company plans to launch 11 battery electric vehicles and 10 plug-in hybrids over the next 24 months.</li> </ul></blockquote><p></p>
[QUOTE="Weather Man, post: 16650276, member: 137766"] The absolute wave of EV's hitting dealerships in the next 2 years is quite amazing. I just see the charging network in homes and public to support it. Maybe I am just to old, lol. I don't get the hybrids, the ICE bans coming down the pike don't allow them. [URL='https://seekingalpha.com/news/3724021-stellantis-trades-up-overcomes-semiconductor-shortages-to-post-record-margins']Stellantis trades up, overcomes semiconductor shortages to post record margins[/URL] [LIST] [*]Stellantis N.V. ([URL='https://seekingalpha.com/symbol/STLA']STLA[/URL] +5.0%) shares jumped today after the company reported record first-half adjusted operating income (AOI) margins of 11.4%, compared to H1 2020 AOI margin of 1.5%, even after temporary production losses of 20% due to global semiconductor shortages. [*]The improved margins were driven by price increases, especially in North America where the company achieved record profitability with an AOI margin mark of 16.1%. The Jeep Wrangler 4xe was the best selling plug-in electric vehicle hybrid in the U.S. in the second quarter. [*]The company raised its guidance for FY AOI margins to ~10% from previous expectations of 5.5% to 7.5%. This means AOI margin is expected to be about 8.6% in the back half of 2021. [*]The company now has the highest market share in South America with 23.6% (up 620 bps Y/Y). [*]The company plans to launch 11 battery electric vehicles and 10 plug-in hybrids over the next 24 months. [/LIST] [/QUOTE]
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