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Stellantis CEO warns of extra auto plant closures

Chrysler dad or mum Stellantis NV CEO Carlos Tavares mentioned on Thursday that extra auto plant closures will occur if excessive costs for electrical automobiles trigger automobile markets to shrink from pre-pandemic ranges.

Automakers will threat shedding pricing energy as chip provides get better, Tavares mentioned on the CES know-how commerce present in Las Vegas.

Stellantis mentioned final month it might indefinitely idle an meeting plant in Belvidere, Illionois, citing excessive prices for electrical automobiles. Tavares advised reporters mentioned related actions “will occur in all places so long as we see excessive inflation of variable prices.”

The auto business should soak up 40 p.c greater prices for EVs, he added.

The corporate had flagg…

Carry on studying: Stellantis CEO warns of extra auto plant closures



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