War in Ukraine: a “totally marginal” impact for Stellantis, according to Carlos Tavares



If Renault, which makes 18% of its sales in Russia, is one of the automakers most exposed to the consequences of Russia’s invasion of Ukraine, this is not the case for Stellantis. Carlos Tavares, the managing director of the group resulting from the merger between PSA and Fiat Chrysler, assured this on Tuesday, on the sidelines of the presentation in Amsterdam of the group’s strategic plan.

“We are against all violence and all aggression,” pointed out the leader, a message that he should reaffirm in the preamble to his speech this afternoon. On the human level, the company has 71 employees based in Ukraine, working for its commercial subsidiary, with no expatriates among them. “We have set up since last week a task force which monitors the situation hour by hour, detailed Carlos Tavares. She is responsible for maintaining contact with our employees and providing them with all the necessary assurance. According to the latest feedback, all are in good health.

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