Hyperdrive
Stellantis May Make Own Energy as Europe Braces for ‘Chaos’
- Tavares likens Europe’s energy crisis to Japan’s 2011 tsunami
- Carmaker has so far avoided disruption, faced higher costs
A vehicle transporter passes workers installing a Stellantis NV logo banner in Velizy-Villacoublay, France.
Photographer: Cyril Marcilhacy/BloombergThis article is for subscribers only.
Stellantis NV is considering measures including generating its own power at factories in Europe as prices soar and governments plan potential rationing measures.
“We are going to decide significant investments to produce our own energy in our industrial sites,” Chief Executive Officer Carlos Tavares told reporters Wednesday. “It’s going to be decided in the next few weeks, if not the next few days.”