Salem Radio Network News Monday, July 26, 2021

Business

Stellantis to invest more than 30 billion euros through 2025 electrifying vehicle lineup

By Giulio Piovaccari

MILAN (Reuters) -Stellantis said on Thursday it plans to invest more than 30 billion euros ($35.54 billion) through 2025 on electrifying its vehicle lineup.

The company said its strategy to roll out electrified vehicles will be supported by five battery plants between Europe and North America.

Earlier, the world’s No. 4 automaker flagged that 2021 got off to a better-than-expected start despite a global chip shortage.

($1 = 0.8442 euros)

(Additional reporting by Clement Martinot, and Ben Klayman in Detroit; Editing by Agnieszka Flak, David Clarke and Paul Simao)

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