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Stellantis CEO sees the rise of Chinese automakers fueling M&A

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Carlos Tavares: "If the automotive industry doesn’t move, it will disappear under the offensive of the Chinese."
B
By:
Bloomberg
February 02, 2024 09:28 AM

Stellantis CEO Carlos Tavares views the ascendance of Chinese automakers, the European Union’s efforts to phase out combustion engines, and the United Auto Workers' costly new contracts as among the factors fueling greater potential for M&A.

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