Hyperdrive
Stellantis Says Auto Industry Doesn’t Need Defense to Survive
- Countries such as Germany are increasing defense spending
- Stellantis Chairman Elkann spoke at a parliamentary hearing
John Elkann
Photographer: Giuliano Berti/BloombergThis article is for subscribers only.
Stellantis NV Chairman John Elkann says Europe’s auto manufacturers don’t need the defense industry to survive, after some governments called on carmakers to contribute to a defense push.
“China and the US have an important war industry and an important auto industry,” Elkann said during a parliamentary hearing in Rome on Wednesday. “We don’t believe it’s a choice between the war industry or the auto industry — it’s possible to have two industries as strong as the ones they have.”