Salem Radio Network News Tuesday, September 27, 2022

Business

Stellantis plans energy production at European plants – CEO

By Joseph White

DETROIT (Reuters) – Stellantis NV is considering “significant” investments to produce energy for its European facilities as part of its response to the threat of the cut-off of natural gas supplies from Russia, the automaker’s chief executive said on Wednesday.

“We are now preparing a very strong energy (use) reduction plan,” Stellantis CEO Carlos Tavares told reporters during a videoconference on the sidelines of the Detroit auto show.

“We are going to make significant investments to produce our own energy onsite,” Tavares said. “This will be decided in the next few days.”

(Reporting By Joe White; Editing by Kirsten Donovan)

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