Stellantis CEO Says Rush to Affordable EVs Will End in Disaster
- Carlos Tavares questions his archrival’s strategy and scale
- Renault has canceled plans for IPO of EV and software business
Carlos Tavares
Photographer: Sameer al-Doumy/AFP/Getty ImagesThis article is for subscribers only.
Stellantis NV’s Carlos Tavares is gearing up for an era of auto-industry consolidation, predicting the rush to offer more affordable electric vehicles will end in a “bloodbath.” He’s paid particularly close attention to one company he perceives as vulnerable: Renault SA.
The 65-year-old chief executive isn’t taking formal steps to pursue Renault, which is virtually off-limits due to the French state’s ownership and influence over the two manufacturers. What he has done is upstage his archrival at every turn, and ready his company to capitalize on any setbacks.