Stellantis expects $2.7B loss
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Stellantis NV’s new Chief Executive Officer Antonio Filosa offered investors a first glimpse of his plan to overhaul the struggling automaker for a global car market that’s being reshaped by President Donald Trump.
Stellantis may have to close factories due to the risk of hefty European Union fines for not complying with CO2 emission targets.
Carmaker Stellantis has scrapped its hydrogen fuel cell development programme as well as launch plans for new vehicles using the technology.
European car manufacturers have warned they could face fines reaching €15 billion soon. To deal with new regulations, Stellantis will need to boost EV sales or lower ICE production. Stellantis ...
Stellantis may have to close factories due to the risk of hefty European Union fines for not complying with CO2 emission targets.