CEO Carlos Tavares said Stellantis has achieved 8.4 billion euros in cost reductions from the merger that created the company in January 2021.
That amount is more than double initial expectations from when the merger was announced in 2019, and an increase from the updatedin expected reductions within five years of completion of the merger, which formed one of the world's largest automakers. Cost-cutting has been a critical mission of the veteran automotive executive. Other cost-saving measures have included reshaping the company's supply chain and operations, as well as"We are not looking for our way; we know where we are going," Tavares said during the automaker's investor event at its North American headquarters, referring to the automakers