[RandomThoughts3]

The letter is the problem. The US companies are sick and completely refused to take the necessary steps to reduce their costs out of sheer hubris.

That’s Stellantis issue. American car manufacturers are irredeemable. It was a far better companies before the merger. Tavares was right. He was cutting costs which shouldn’t exist - Chrysler is an extremely ineffective company compared to PSA - and is investment strategy in electric was great. I was so happy when Tavares started talking about losing the dead weight and selling Chrysler. It’s a shame the board didn’t go with him and that he was sabotaged by the frankly incompetent management in the North American branch. The company now has an utterly stupid strategy.

Anyway, the issue in China is the GAC had control of the JV, a terrible idea of Fiat Chrysler which the company will now have to deal with. I’m still sour PSA had to merge these idiots.