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Peugeot Invest: Stellantis Shares Disappoint
24 Sep
Summary
- Peugeot Invest calls Stellantis share performance disappointing.
- Automaker's shares dropped 48% in the first half of the year.
- Peugeot Invest, a major shareholder, plans no asset separation.
Peugeot Invest, the second-largest shareholder in Stellantis, has voiced concerns over the automaker's stock performance. The company's shares experienced a significant decline of 48% during the initial six months of the year, impacting Peugeot Invest's own financial results.
Despite this disappointing trend, Peugeot Invest highlighted some positive aspects observed in Stellantis' first-half financial reports. The investment firm, representing the Peugeot family's interests, stated it has no current intentions to divest its automotive holdings from other family assets.
Jean-Charles Douin, CEO of Peugeot Invest, emphasized the need to allow Stellantis CEO Antonio Filosa's strategic plan adequate time to unfold. He confirmed the Peugeot family's full support for the automaker's ongoing strategy, treating Stellantis as a crucial legacy investment.
