CEO says Stellantis has achieved $9 billion in cost reductions from merger
Publishing timestamp: 2024-06-13 13:42:58
Summary
Stellantis CEO Carlos Tavares announced that the company has achieved 8.4 billion euros in cost reductions from the merger of Fiat Chrysler and PSA Groupe. The largest reduction was in sharing and consolidation of engineering assets for the company's vehicles. Job cuts have also been implemented as part of cost-saving measures.
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Keywords: stellantis nv, breaking news: business, carlos tavares, business, autos, business news, transportation,