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Stellantis rising in pre-market trading after closing a deal with Microsoft? Basically, the company is trying to keep up with the folks heavily investing in AI, right? Five years of partnership to develop capabilities in artificial intelligence, cybersecurity, and engineering — sounds pretty serious indeed.
But what I found most interesting was the leadership change in sales. Michael Orange, who was vice president of sales at Hyundai, is stepping in as head of sales in the U.S. starting April 22. Antonio Filosa, the company's CEO, is betting that Orange can improve retail sales and increase market share. He replaces Jeff Kommor, who is retiring after more than 40 years there.
The stock rose 2.33% in pre-market, trading at $8.34. I don’t know if it’s just because of the deal with Microsoft or if there’s more to it, but Antonio Filosa seems to be shaking things up — both in technology and in the sales structure. Do you think it will work?