Stellantis CEO Tavares pledges to prevent plant closures, focusing on EV sales and workforce reduction.

Stellantis CEO Carlos Tavares has emphasized the company's commitment to preventing plant closures, unlike rival Volkswagen, which is considering shutting factories in Germany. Stellantis has already reduced its European workforce by nearly 20,000 and is focusing on selling electric vehicles at competitive prices to address challenges like low factory utilization and competition from Asian manufacturers. The goal is to ensure operational stability in a difficult economic climate.

September 17, 2024
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