Tavares says EV ‘sweet spot’ is $25K, criticizes labor strikes as ‘destructive’

Stellantis CEO Carlos Tavares, who has warned that the middle class will be priced out of the electric vehicle market if automakers can’t absorb the additional production costs they require, said Wednesday that the sweet spot for affordable EVs is “around $25,000.” Tavares said reaching this price point will be essential to safeguarding the company’s

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Stellantis looks to build on sales rebound

Stellantis‘ U.S. sales rose 6.4 percent in the second quarter, the first gain it has reported in two years, and the automaker aims to build on that positive momentum in the remainder of 2023. Dodge, Chrysler and Ram each achieved sales gains in the quarter, with Dodge attaining a 37 percent increase as Durango sales

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