Stellantis CEO Carlos Tavares said
Tuesday that the group formed by the merger of Fiat Chrysler and
Peugeot will have almost 40 electric vehicles on the market by
the end of the year.
"Today is the first day of our new story," Tavares told a news
conference.
"It is the start of an exciting journey... a company well
positioned to compete on the global markets with 39 electric
vehicles available by the end of 2021.
"A group of significant size and with consolidated commercial
positions in Europe, North America and Latin America".
Tavares also said that the world's fourth biggest carmaker would
shield production sites in Italy, where he vowed not to close a
single plant; that it would take a new approach to trade with
China; and that it would reach 80% synergies in four years.
After gaining almost 6% in Milan trading Monday, Stellantis
stock was over 11% up in New York Tuesday.
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