Stellantis Poised for Growth, Porsche May Go IPO, Oil Prices Climbing

February 23, 2022
We are only 3 weeks away from the largest conference in franchise retail automotive. The ASOTU is gearing up to ride a pirate ship up to the front door and have a ton of fun. Make sure you follow us across social media as we will work to be your eyes/ears on the street if you can’t make it!
Listen On

Stellantis goes 3x in 2021

  • Shares gained 6% pre-market
  • CFO Richard Palmer states ties to Russia are limited
  • Net profit up to $15.2 billion

Porsche may be headed to its IPO

  • Porsche is currently a major driver of VW profits
  • The IPO could provide the cash flow to succeed in EV
  • VW shares jumped amidst the news

Oil prices rising amidst Russia/Ukraine tension

  • Prices are at a 7 year high
  • Potential impact on auto sales in low gas mileage vehicles

The risk of QR codes

  • One of the benefits of Google Search or direct URL is the security
  • Understand where you are redirected