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Stellantis' Tavares: no intention of starting a price war with Tesla

April 27, 2023 10:10 AM EDT

FILE PHOTO: Stellantis CEO Carlos Tavares holds a news conference after meeting with unions, in Turin, Italy, March 31,2022. REUTERS/Massimo Pinca/File Photo

PARIS (Reuters) - Car maker Stellantis has no intention of starting a price war with Tesla, its CEO Carlos Tavares said on Thursday.

If the entire electric vehicle market were to experience lower prices, Stellantis would adapt and adjust its costs, Tavares said during a plant visit in Metz.

(Reporting by Gilles Guillaume, writing by GV De Clercq)



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