Hyperdrive
Stellantis CEO Sees the Rise of Chinese Carmakers Fueling M&A
‘Consolidation will come, and it’ll put the western world in a difficult situation,’ Carlos Tavares says in an exclusive interview.
Stellantis CEO Carlos Tavares in Turin, Italy, in November.
Photographer: Giuliano Berti/BloombergThis article is for subscribers only.
One of the auto industry’s leading dealmakers sees the stars aligning for carmaker mergers and acquisitions — and wants in on the action.
Stellantis NV’s Carlos Tavares views the ascendance of Chinese manufacturers, the European Union’s efforts to phase out combustion engines, and the United Auto Workers union’s costly new contracts as among the factors fueling greater potential for M&A.