Race to cut costs on EVs will hit suppliers: Stellantis CEO
The cost-cutting race will be a big burden on parts suppliers, said Carlos Tavares
Stellantis CEO Carlos Tavares believes that the ongoing global transition to electric vehicles is a game of severe cost-cutting, and automotive suppliers must figure out how to reduce costs and adapt to the new requirements or risk losing their business in the next five to 10 years, according to a news report published by The Detroit News on May 29.
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