- Stellantis NVSTLA Chief Executive Officer Carlos Tavares said the automaker plans to invest in power generation at its European plants. Reuters reported.
- The move is seen as a reaction to this the imminent disruption of natural gas supplies from Russia.
- “We are now preparing a very strong plan to reduce energy consumption (energy consumption),” Tavares is quoted as saying in the report.
- “We will make significant investments to produce our own energy on-site.”
- also read: Chrysler Ends Production of Iconic 300 Model – Commemorating 70 Year Legacy
- He added that the company’s factory sites have room for additional solar power systems.
- Tavares said the gas supply disruption was an “added element of chaos” on top of the supply chain disruptions and pandemic the company has had to deal with over the past two years.
- Price promotion: STLA shares are trading up 1.30% at $13.59 on the last check Wednesday.
- Photo via company
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