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Business News

Stellantis’ Tavares: no intention of starting a price war with Tesla

by Reuters
By Reuters
Stellantis' tavares: no intention of starting a price war with tesla - photo licensed by shore news network.
FILE PHOTO: Stellantis CEO Carlos Tavares meets unions and holds a news conference in Turin

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PARIS (Reuters) – Car maker Stellantis has no intention of starting a price war with Tesla, its CEO Carlos Tavares said on Thursday.

If the entire electric vehicle market were to experience lower prices, Stellantis would adapt and adjust its costs, Tavares said during a plant visit in Metz.

(Reporting by Gilles Guillaume, writing by GV De Clercq)

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