Stellantis CEO sees consolidation, but has no deals in view

21 February 2024 - 07:50 By Reuters
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Carlos Tavares says the pressure to cut electric vehicle costs will force consolidation among global carmakers.
Carlos Tavares says the pressure to cut electric vehicle costs will force consolidation among global carmakers.
Image: Mustafa Yalcin/Anadolu Agency via Getty Images

Stellantis CEO Carlos Tavares said on Tuesday the pressure to cut electric vehicle costs will force consolidation among global carmakers, but said he has no significant deals under discussion himself.

“We have enough on our plate,” Tavares said during a video conference with reporters.

The Stellantis chief was in New York.


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