Stellantis sticks to 'asset-light' strategy in China to navigate tariff turmoil
AUBURN HILLS, Michigan -Stellantis still has improvements to make to face stiff competition from Chinese peers as it refuses a"defensive" stance despite tariffs on Chinese-built car imports announced by European authorities, its CEO said on Thursday.
"Still, the momentum in meeting previously announced initiatives and its ability to adapt to the rapidly changing landscape suggests it remains on course," said Waatti, who attended the presentation, in Auburn Hills, Michigan. Beijing criticised the EU tariffs on Thursday as protectionist behaviour and said it hoped the European bloc would correct its"wrong practices".
"What is clear is that we don't want to be defensive," he said on Thursday, referring to tariffs on Chinese cars."Our strategy that remains an asset-light strategy is about making sure that we are ourselves offensive and surfing the wave of the Chinese offensive," he said during a presentation at the investor day in Auburn Hills, Michigan.Stellantis shares closed own 2.8%, in line with other European auto stocks due to the uncertainty over China's tariff response.
United Kingdom Latest News, United Kingdom Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
At Stellantis investor day, cost cuts and China come into focusStellantis has aggressively cut operations under Tavares, with some executives describing the measures as difficult or grueling.
Read more »
Stellantis Joins China Firm to Sell Electric Cars Overseas with Approval from Chinese Communist PartySource of breaking news and analysis, insightful commentary and original reporting, curated and written specifically for the new generation of independent and conservative thinkers.
Read more »
Welcome Global Talents to West China Hospital/West China School of Medicine of Sichuan University - Chengdu, Sichuan, China job with West China School of Medicine/West China HospitalWest China Hospital/West China School of Medicine of Sichuan University (WCH/WCSM, SCU) was founded in 1892 and recognized as a national general hospital and a diagnosis and treatment center for complex and critical illnesses, as well as a renowned medical school in China.
Read more »
Welcome Global Talents to West China Hospital/West China School of Medicine of Sichuan University - Chengdu, Sichuan, China job with West China School of Medicine/West China HospitalWest China Hospital/West China School of Medicine of Sichuan University (WCH/WCSM, SCU) was founded in 1892 and recognized as a national general hospital and a diagnosis and treatment center for complex and critical illnesses, as well as a renowned medical school in China.
Read more »
Welcome Global Talents to West China Hospital/West China School of Medicine of Sichuan University - Chengdu, Sichuan, China job with West China School of Medicine/West China HospitalWest China Hospital/West China School of Medicine of Sichuan University (WCH/WCSM, SCU) was founded in 1892 and recognized as a national general hospital and a diagnosis and treatment center for complex and critical illnesses, as well as a renowned medical school in China.
Read more »
Postdoctoral Fellowships at West China Hospital/West China School of Medicine of Sichuan University - Chengdu, Sichuan, China job with West China School of Medicine/West China HospitalAbout West China Hospital/West China School of Medicine of Sichuan University West China Hospital/West China School of Medicine of Sichuan University (WCH/WCSM, SCU) was founded in 1892 and recognized as a national general hospital and a diagnosis and treatment center for complex and critical illnesses, as well as a renowned medical school in...
Read more »