Stellantis Pays Late FCA Boss Marchionne’s Estate More Than Tavares

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With Carlos Tavares at the helm, Stellantis has just revealed its roadmap for the rest of the decade. However, there is information about the FCA-PSA merger that appeared in its first annual report, from European Automotive News.

According to the Stellantis 2021 report, the company has paid 26 million euros, or about $29.1 million, to the estate of the late FCA chief Sergio Marchionne. This is far more than Tavares’ compensation in the same year, worth 19.2 million euros ($21.4 million).

The document published on February 25 stated that the money paid to Marchionne’s estate included obligations from his employment contract and “inheritance board payments” since he became head of FCA.

Marchionne died prematurely in 2018 in a hospital in Switzerland at the age of 66 after complications from surgery. he suffered a stroke during surgery which caused an injury to his brain which he never recovered. He leaves behind a colleague, Manuela Battezatto, and two children.

Meanwhile, CEO Stellantis Tavares has announced an ambitious plan called Dare Forward 2030. True to its name, the roadmap shows the automaker’s newly formed plans towards the end of the decade.

Stellantis says 100 percent of vehicle sales in Europe will be battery-electric by 2030. In the United States, the target is 50 percent. The goal is to be net zero carbon by 2038 but by 2030, the benchmark is to reach 50 percent of the eventual goal.

That said, more than 75 battery-electric vehicles (BEVs) will be introduced to support this goal. These BEVs include the upcoming Jeep EV and the all-electric Ram 1500, both of which were teased during the Tavares announcement. The target is global annual BEV sales of 5 million units by the end of 2030.

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