Stellantis has posted one of the most dramatic changes among the legacy carmakers over the last 6 years. As you can see in this chart, its global sales dropped from 7.9 million units from FCA and PSA combined in 2019 to 5.5 million units last year. That's a 30% fall or almost 2.4 million units less. One big reason is its big dependence on Europe, where the group sells half of its cars. As this market never recovered from the pandemic, Stellantis' exposure meant lower sales. Brands like Fiat, Opel, and Citroen, are a glimpse of what they used to be some years ago. The position of ex-Chrysler group in USA has not helped either. The price repositioning of Jeep and Ram brands along with the lack of new cars at Chrysler and Dodge, damaged Stellantis position in USA. What used to be the country's fourth top-seller, it is now the sixth, now outsold by Hyundai-Kia and Honda. Then there is China. It was never a big market neither for FCA, PSA, nor Stellantis. On one side it is good nowadays, as it is not sufferin