Trending: Stellantis Mulls Plant Closures as Electrification Costs Mount
06 Janvier 2023 - 11:47AM
Dow Jones News
1016 GMT - Jeep maker Stellantis is among the most mentioned
companies across news items in Europe over the past 12 hours,
according to Factiva data, after its Chief Executive said it may
close or idle car plants, with inflation leading costs higher as it
switches to electric models. Increased costs could lead to higher
prices for cars and a shrinking of the market, meaning the auto
maker wouldn't need so many plants, Carlos Tavares said, according
to Reuters. Stellantis also said Thursday that it would create a
data-service business called Mobilisights as it beefs up its
software offering. Dow Jones & Co. owns Factiva.
(edward.frankl@dowjones.com)
(END) Dow Jones Newswires
January 06, 2023 05:32 ET (10:32 GMT)
Copyright (c) 2023 Dow Jones & Company, Inc.
Stellantis NV (BIT:STLA)
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