Sunday, 23 February 2025
Home Topics Transport Automotive Stellantis CEO says will adapt to U.S. market under Trump
AutomotiveBusinessEconomyElectric Vehicles (EVs)IndustryLegislationManufacturingNewsPoliticsRegulationsTrade

Stellantis CEO says will adapt to U.S. market under Trump

56
FILE PHOTO: Stellantis CEO Carlos Tavares inaugurates the group's new electrified dual-clutch transmission (eDCT) assembly facility in the Mirafiori complex in Turin, Italy April 10, 2024 REUTERS/Massimo Pinca/ File Photo
Stellantis CEO Carlos Tavares inaugurates the group's new electrified dual-clutch transmission (eDCT) assembly facility in the Mirafiori complex in Turin, Italy April 10, 2024. — REUTERS/Massimo Pinca/ File Photo

RENNES, France — Stellantis’ will adapt to changes in the U.S. car market expected under a Trump government, CEO Carlos Tavares said on Monday, with a platform that can offer electric, hybrid or gasoline versions of its models.

President-elect Donald Trump’s transition team is planning to kill the $7,500 consumer tax credit for electric-vehicle purchases as part of broader tax-reform legislation, two sources with direct knowledge of the matter told Reuters last week.

Ending the tax credit could have grave implications for an already stalling U.S. EV transition.

Speaking during a visit to a plant in western France, Tavares said Stellantis, one of the top three car makers in the U.S., needed to see what decisions Trump would take, but that it could adapt to different conditions in different regions.

The company will present its “multi-energy” base platform for pick-up trucks in the U.S. market this week, added Tavares.

“Our mission is simple: to provide clean, safe and affordable mobility. And we will do so in a way that meets the expectations of the communities and countries in which we operate,” he told reporters.

(Reporting by Gilles Guillaume; Writing by Makini Brice and Dominique Patton; Editing by Benoit Van Overstraeten)

Related Articles

FILE PHOTO: U.S. Secretary of the Interior Doug Burgum speaks as he attends a signing ceremony with members of the West Virginia Congressional Delegation at the EPA headquarters in Washington, D.C., U.S., February 18, 2025. REUTERS/Kent Nishimura/File Photo

US energy council chief says power plants to produce 15% more electricity

By Valerie Volcovici WASHINGTON (Reuters) – U.S. Interior Secretary and co-chair of...

Lilium burnt through huge sums while trying to develop its jet (AFP)

German flying taxi start-up’s rescue deal collapses

A German flying taxi start-up said on Friday it would halt operations...

Cuba has inaugurated a new solar energy park in the capital Havana (AFP)

Cuba opens solar park hoping to stave off blackouts

Cuba on Friday unveiled a new solar energy park in the capital...

FILE PHOTO: Cranes unload imported iron ore from a cargo vessel at a port in Lianyungang, Jiangsu province, China October 27, 2019. REUTERS/Stringer/File Photo

Iron ore heads for weekly gain on brightening demand outlook, China stimulus hopes

By Amy Lv and Lewis Jackson BEIJING (Reuters) -Iron ore futures prices...

Login into your Account

Please login to like, dislike or bookmark this article.