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Stellantis “In the Black” on EV, Says CEO, But Tavares Warns Other Automakers Could Be Forced Out by Losses

Stellantis “In the Black” on EV, Says CEO, But Tavares Warns Other Automakers Could Be Forced Out by Losses

With rare exception EVs have been big money-losers for the auto industry. But there are a few exceptions, starting with Tesla. Now, Stellantis CEO Carlos Tavares says his companies electrified vehicles also are “in the black.” Speaking at an industry conference, Tavares warned that automakers who can’t improve margins could be forced out of business by the end of the decade.

Who’s Next? After Ford Settles, UAW Still Has to Crack GM and Stellantis

Who’s Next? After Ford Settles, UAW Still Has to Crack GM and Stellantis

Ending a nearly six-week walkout, Ford reached a tentative settlement with the United Auto Workers union providing it a 25% raise — its best deal in more than two decades. Now, the UAW has to wrap up talks with General Motors and Stellantis, but there are potential sticking points that could drag things out, reports Headlight.News.