Hyperdrive
Stellantis May Drop Some Suppliers to Cut EV Costs, CEO Says
- Tavares seeking new avenues to lower costs as EV demand slows
- Talks with Italian unions ‘constructive’ amid government spat
Stellantis NV is willing to part with some of its suppliers and make vehicle components on its own to lower costs in the expensive shift to electrification.
“When suppliers are not racing at the same speed of our teams, our teams see a big benefit to in-source,” Tavares told reporters during a conference call from Melfi in southern Italy. “You come to the conclusion that what you have outsourced, you can do it in-house.”