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Stellantis admits closing its factories in Europe due to Chinese competition

Summary by Brytfmonline
Automaker Stellantis CEO Carlos Tavares acknowledged on Sunday the possibility of closing assembly plants in Europe, after Chinese manufacturers were installed on the continent. “Closing the borders to Chinese products is a trap. They will overcome the obstacles, and invest in factories in Europe that will be partly financed by state subsidies, in low-cost countries,” the Portuguese businessman said, in an interview with the French newspaper Les…
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