Customize Consent Preferences

We use cookies to help you navigate efficiently and perform certain functions. You will find detailed information about all cookies under each consent category below.

The cookies that are categorized as "Necessary" are stored on your browser as they are essential for enabling the basic functionalities of the site. ... 

Always Active

Necessary cookies are required to enable the basic features of this site, such as providing secure log-in or adjusting your consent preferences. These cookies do not store any personally identifiable data.

No cookies to display.

Functional cookies help perform certain functionalities like sharing the content of the website on social media platforms, collecting feedback, and other third-party features.

No cookies to display.

Analytical cookies are used to understand how visitors interact with the website. These cookies help provide information on metrics such as the number of visitors, bounce rate, traffic source, etc.

No cookies to display.

Performance cookies are used to understand and analyze the key performance indexes of the website which helps in delivering a better user experience for the visitors.

No cookies to display.

Advertisement cookies are used to provide visitors with customized advertisements based on the pages you visited previously and to analyze the effectiveness of the ad campaigns.

No cookies to display.

Connect with us

Hi, what are you looking for?

slide 3 of 2
THE BIZNOB – Global Business & Financial News – A Business Journal – Focus On Business Leaders, Technology – Enterpeneurship – Finance – Economy – Politics & LifestyleTHE BIZNOB – Global Business & Financial News – A Business Journal – Focus On Business Leaders, Technology – Enterpeneurship – Finance – Economy – Politics & Lifestyle

Business

Business

Stellantis CEO rejects French e-208 production.

Stellantis CEO Carlos Tavares speaks during a Stellantis keynote address at CES 2023, an annual consumer electronics trade show, in Las Vegas, Nevada, U.S. January 5, 2023. REUTERS/Steve Marcus
Stellantis CEO Carlos Tavares speaks during a Stellantis keynote address at CES 2023, an annual cons... Stellantis CEO Carlos Tavares speaks during a Stellantis keynote address at CES 2023, an annual consumer electronics trade show, in Las Vegas, Nevada, U.S. January 5, 2023. REUTERS/Steve Marcus
Stellantis CEO Carlos Tavares speaks during a Stellantis keynote address at CES 2023, an annual consumer electronics trade show, in Las Vegas, Nevada, U.S. January 5, 2023. REUTERS/Steve Marcus
Stellantis CEO Carlos Tavares speaks during a Stellantis keynote address at CES 2023, an annual cons... Stellantis CEO Carlos Tavares speaks during a Stellantis keynote address at CES 2023, an annual consumer electronics trade show, in Las Vegas, Nevada, U.S. January 5, 2023. REUTERS/Steve Marcus

Listen to the article now

In an interview published Wednesday, Stellantis CEO Carlos Tavares claimed that despite the French government’s demand for more locally made automobiles, the electric Peugeot e-208 would remain produced in Spain.

“The economic equation link to the imposed relocation of this project would not be in the interest of the company nor the country,” Tavares told the newspaper Le Figaro.

European carmakers plan cheaper EVs thanks to government subsidies.

France intends a subsidy for European-made EVs since they have a lighter carbon footprint than imported ones and a monthly social leasing program for poorer households at 100 euros ($108).

French Finance Minister Bruno Le Maire suggested building tiny electric automobiles alongside high-end versions.

“Carlos Tavares likes difficulties…I dare him to develop French electric cars like the 208. “Maybe not the whole car, but why not parts,” he told BFM TV.

Last month, Stellantis, the world’s No.3 carmaker, announced it would launch the Citroën e-C3, its first European-made inexpensive electric car, in mid-October to compete with Chinese rivals.

Chinese EV manufacturers considered a threat to European carmakers, have increased the need for cheaper European models.

“The results will tell us who made the right call amidst the Chinese competition,” Tavares told Le Figaro, adding that Chinese carmakers’ European expenses were 20-25% lower than European businesses.


Comment Template

You May Also Like

Business

Apple surged 6% on Wall Street, outperforming a turbulent tech sector despite challenges like declining China sales. Record-breaking 46.9% gross margins and a strong...

Business

On January 27, 2025, a tech-driven selloff erased $108 billion from the fortunes of the world’s wealthiest, sparked by struggles at AI giant DeepSeek....

Business

Amazon has appointed Whole Foods CEO Jason Buechel to lead its global grocery operations, signaling a bold push to redefine the grocery industry. With...

Business

Amazon is transforming Prime Video to achieve profitability by 2025, focusing on live sports, integrating third-party channels, and diversifying revenue streams. Led by CEO...

Notice: The Biznob uses cookies to provide necessary website functionality, improve your experience and analyze our traffic. By using our website, you agree to our Privacy Policy and our Cookie Policy.

Ok