Stellantis is already making a profit from its EV portfolio and, unlike some of the other traditional automakers, has no plans to scale back EV production. This was announced by the company’s executive director, Carlos Tavares, quoted by CNN.
His comments come after Ford announced a $4.7 billion loss on EVs for 2023 alone, and General Motors said it won’t start making money from EVs until the second half of the year. However, both companies will significantly reduce their production targets in this segment.
“The strategy of Stellantis is very different compared to other companies from Detroit. We are continuing electrification at full speed,” Tavares emphasized to journalists. The auto giant will officially offer EVs in the US this year, and until now it has offered plug-in hybrids in that market.
Unlike GM and Ford, which were hit hard by last year’s US auto workers’ strike, Stellantis has been able to effectively manage its manufacturing capacity outside the US, including major Fiat and PSA plants.
2024-02-16 16:15:25
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