Stellantis (STLA) CEO Antonio Filosa has called for European Union action to rescue the region’s car industry as carmakers face heated competition from Chinese rivals, Albertina Torsoli, Antonio Vanuzzo, and Jenny Che of Bloomberg reports. In two separate interviews, Filosa said EU targets are “unrealistic” and excessive, leading to the increased cost of small cars and slump in sales.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on STLA:
- Jeep Grand Cherokee Recall Puts Stellantis (STLA) Investors on Alert
- Stellantis NV call volume above normal and directionally bullish
- Stellantis CEO to Speak at Kepler Cheuvreux Conference
- F, GM, STLA: Automotive Sales in Canada Fall as Tariffs Hurt Consumer Demand
- Archer Aviation’s (ACHR) Pullback Spurs Buy-the-Dip Opportunity