Reported 5 months ago
Stellantis CEO Carlos Tavares warns of a fierce battle with Chinese electric vehicle manufacturers in the European market, highlighting potential consequences for jobs and production. Tavares criticizes the potential imposition of tariffs on Chinese EV imports to the US and Europe, calling it a "trap" that would lead to restructuring for Western automakers to compete with lower-cost Chinese rivals. He emphasizes the need for governments to address the social and economic impacts of such tariffs and stresses the importance of adapting to the competitive landscape.
Source: YAHOO