Stellantis flags favourable margins ahead of EV strategy event

Stellantis flags favourable margins ahead of EV strategy event

The Star Online - Tech·2021-07-08 19:07

MILAN (Reuters) -Stellantis softened up investors ahead of its electrification strategy event on Thursday by flagging that 2021 got off to a better than expected start despite a chip shortage that has hit automakers worldwide.

Stellantis, which was formed in January from the merger of Italian-American automaker Fiat Chrysler and France's PSA, faces an investor community keen to hear how it plans to come up with a range of electrified vehicles (EVs) to rival Tesla.

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