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How are you friends, how are you, Fiat will be the
dacia of stel antis, good question,
right? Well, we are going to try to
answer it from several
initial premises, the first being the recent
presentation of the Italian brand's plans
by its CEO Olivier
Franois, which included a series of
new developments that will arrive in the coming
years and that seem to direct Fiat
towards the market segments in
which Dacia currently dominates. The second
is the change experienced by
Dacia itself in the last decade, a brand that
has gone from being openly low cost to
becoming in what the Romanian firm itself
calls a car manufacturer with
nothing superfluous and the third is the fit
of Fiat in a conglomerate as large and
complex as stel antis in which there
are already other generalist brands such as
Citroen and Opel and in which They move
interests that go far beyond the
merely industrial ones. It will be Fiat the
dacia of stel antis. We are going to try to
respond to
[Music]
that Olivier Franois, the coo of Fiat,
presented online and through an
ingenious video published on the same day
as the Geneva Motor Show. five concept cars
from what should be the manufacturer's range
for the next 5 years
franois did it from the small
Italian town of ginevra with v
explaining that while some
presented their great novelties at the
Geneva show with b he did it in
Italy and from a small town bar
with the locals as witnesses to
presenting your news when everyone
is in the room that
was once the most important in the world, it is
vulgarly called against programming but
against programming To whom Renault and its
new Renault 5 etec if franois had
presented a new 500 perhaps but not
to the Chinese brands mg and bid present
in Geneva and that focused on their
new Premium brands Nor because neither
Lancia nor Alfa Romeo nor DS are their
negotiated rather franois against
programmed to another brand that was presented
in Geneva with two Dacia world novelties
that made the public aware of the
new Duster and the remodeling of the
electric Spring and if we analyze
the products that Olivier Francois mentioned in
his nice video from
deep Italy we will see some
coincidences Let's go with them, the first
model is the Fiat City car, a car
inspired by the Panda but larger
than the Panda, a model with a
simple and practical philosophy with a very
Italian design but with Airs of Sub and
curiously painted in the same
Dacia corporate green. coincidence may
Fiat announced this car for 2024 and will
present it in July coinciding with its
125th anniversary and will be a
foundational car The first stone of a
new Fiat Francois said of the car that it
will combine practicality in the city with
an elevated driving position a
robust appearance and a spacious cabin
for weekend outings sounds familiar to you, we
already have the first serious rival
to the dacia sandero stepway, the sandero that
sells the most with a Matiz that francois
announced that there will be combustion versions of this car
but also
electric versions one week That's it
the time it took Denise Lebot, the CEO
of Dacia, to confirm automotive news, the
Bible of the European industry, that the
next generation of the Sandero that will be
launched in 2026 will also have an electric version.
Coincidentally, I think not, the CEO of
Fiat also presented three other models
called fastback pickup and sub three
cars from the same family with
different bodies in their final part
but
with a shared front. And of course
on the same platform the
French manager spoke of a new single
platform for the entire Fiat range with
multiple common elements from the
front to the doors, passing through the
dashboard or of course all the
power plants with and without a plug. And
he placed special emphasis on pointing out the
markets to which these three
models are directed. Latin America, where, notice, it is
one of the leading brands in Africa, with the
Maghreb as the main one. Middle East market
And yes also Europe but in
addition and at the end of those three cars
two point directly to two models
that are sold in South America in the
Middle East and in certain
African countries under the Renault brand But what
are Dacia models? Obviously,
the Dacia Dter and its pickup variant,
the Oroc, which has not reached Europe, these
three cars will replace
low-cost development and production models
that Fiat already manufactures and sells in those
markets. The Sub Pulse, the Strada pickup,
which is the car. best-selling in Brazil and
the recently launched fastback crossover
with notable success in
Latin American markets, what Fiat
intends is to use the Dacia recipe for its range of
emerging markets, that
is, a simple and economical common platform for all
models and the
possibility of equip it with any
type of engine and be it
hybrid or electric combustion depending on the
market and demand and continue
competing with equal weapons with the
Dacia models, whether they are called that or have
a rhombus on the nose, finally the
last model presented at the
conference by Olivier Franois is the
Fiat Camper, a family-style and
sub-type car with cubic lines defined
again as a large panda,
that is, a car with the
same platform and engines as the rest
but clearly placed in the C segment
for those customers who still
want a simple car at an
attractive price but who need it
bigger and I will add that with more
added value for the brand we are defining
the Fiat Camper but also of course
the great launch of dacia for 2025
the vixter that dacia under the Renault brand
in In some cases it is one of
Fiat's great rivals in
non-European markets where the Italian brand
is present. It is evident as are
Nissan Hyundai Kia Toyota or Volkswagen or
Cherry or bid or mg or Don feng brands that
are easily entering the market
without industry own with cheap cars
with which we also have to compete in
price dacia achieves it So Fiat
must follow the same path if it does not want to
lose its position in markets such as those
in North Africa or
Latin America the second circumstance
is the change in dacia's philosophy In
recent years, the Romanian brand began,
especially in Europe, as a low-
cost brand. In the definition of its models,
only the sales price mattered and everything was
aimed at obtaining the most
economical rate so that the cars were as ugly
as the first Logan that They used
platforms already discontinued by
Renault and the cheapest engines of the
group or that their equipment was minimal
without air conditioning or without electric windows
was the least important thing Dacia wanted to make the
cheapest cars on the market and
designed them with that obsession in mind that, however,
already This is not the case, competing on
price while giving up equipment and
quality has two drawbacks. The
first is that it is classified as the
minimum option, the one purchased by those
who cannot afford more.
So if someone, making a
big or small effort, reaches Another thing is that
the second one stops buying from you is that when
you go at price and only at price you conquer a
certain market but with a minimum profit per
unit. And that in order to ensure
the profitability of the company is a
huge risk if everything goes well you win
but you win very little and if something goes
wrong you lose Dacia in recent years
therefore it has changed Philosophy
now it no longer sells only price its cars
are aesthetically more beautiful it uses
modern platforms the
current models have the same chassis as the
Renault Clio capturo arcana for example
It has improved the equipment Although
including only what it considers
that an average driver needs, it has
begun a timid process of
electrification with the hybrid jogger and duster
and the electric Spring and has
reached leadership in many markets
with balanced products that
are still economical because They are
designed to be Dacia's, they are
no longer only bought by price and have
gone from being an almost
desperate purchase to a reasonable logical purchase
for people who do not want to spend
more than necessary and who get a
car that allows them to do everything you
want to do with your Fiat car that,
by tradition, for relevance for image,
especially in Italy, could not be assimilated
in any way to the
original philosophy of Dacia, you can, on the
contrary, embrace this new idea of the
functional car that complies with
honesty and that It is
reasonably priced to make the Panda the
benchmark and expand the idea to the entire
range. That seems to be Fiat's goal,
with of course that hackneyed touch of
Italian design so marketable, whether you
like it or not, Dacia will never have
the same. To date, only Renault had
dared to take on Dacia when you were talking
a decade ago with PSA executives who
said they wanted to resurrect Talbot to
compete with Dacia or Volkswagen
when it was suggested that perhaps
Skoda could take on that role and
you asked why it wasn't They launched to
compete directly with Dacia, the
answer was always the same because
Dacia is already there and if Dacia sells with very little
margin, the moment we start
competing with it, we will have to sell
at its price and competing and competing
will mean cutting the margin. Neither
we nor they will be able to do that
basically because there will be no margin, now there
is, Dacia is a leading brand in
many markets, it is a profitable brand
that is going from strength to strength and although it continues
to sell cheaper than the rest, it generates
a significant margin in For each car
sold, the time has therefore come
to compete with Dacia and with all
groups advancing in some cases like a
headless chicken towards
electrification. Dacia will have an
increasingly larger pie in the markets
where electric cars are further
behind and that pie
esteel antis wants a part and Fiat
can be the
key and finally we are left with the fit
of Fiat itself in stel antis after the
merger of psa and fca in stel antis
a lot of brands have come together that it
has been decided to keep If Tabares has
even decided to resurrect the old age that
was in a vegetative state How is it going to
do without Fiat, closing the historic
Italian brand would be absurd. Fiat leads
the Italian market with the Panda, true,
but it leads it. Oh, and with the Sandero
second. By the way, and it has an
implementation Fiat is very strong in markets
where the rest of the group's brands
are weaker, such as Latin America, but
we have to find a fit for Fiat, it is not enough
that it continues to pull the 500 effect, a
car that has been on the market for almost two decades
is not such a small matter.
to create a new generalist range in
a group where Opel and Citroen are
also trying to find their niche and where
Peugeot, despite its attempts to get closer
to the Premium segment, is also still
a generalist brand, there is overbooking of
generalists in ex lantis and they all have
their main market in Europe So there is
no clear gap for Fiat there
Olivier Franois' idea is therefore not
at all crazy in Europe Fiat
will eliminate the 500, the gasoline one because
it is falling in demand and the electric one
because it has not been the success it was expected to be.
I expected and above all because it uses a
platform that, since it is not shared, is
difficult to amortize, the type will also liquidate
a car that has fulfilled its
role and will replace it with that new
average family will keep the Panda until
2027 and the new 600 product already 100%
exel antis and that perhaps would not have been
launched if it had been adopted earlier the
new path will continue in production
but will add a new
B-segment car that sandero that
we were talking about At first to gain
volume and launch a csub for
emerging markets but also for Europe And
Europe continues to be a
playing field in which Fiat, as the soul of the
Italian industry, must remain present in
the political games of recent
months with President Macron playing
matchmaker between Stellantis and Renault
to the stupor of the Americans and with
President Meloni threatening to
buy a part of Estel Antis to
play the same role as France in
decision-making and guarantee that
Fiats continue to be manufactured in Italy have
shown that within this landis there is
latent tension Yes, Carlos Tabares
remains undaunted with his plan to
put each brand in its place and
maintains confidence in the directors
he appointed at the time, among them
Olivier Franois, who has approved and
financed this new
brand positioning for Fiat Tares, who is the one who
really has the last word in
all this. imbroglio seems to be
calm Although I must tell you that if I
had received 44 million
euros in benefit payments this year like him, I would
probably also
be
fore