Stellantis Plans 60 Billion Euro Investment While Reducing European Production Capacity

Automotive giant Stellantis announced plans to invest 60 billion euros while simultaneously reducing its production capacity in Europe. The investment strategy includes launching 60 new vehicles to market and implementing 50 major modernization projects by 2030. The dual approach of significant investment coupled with capacity reduction reflects the company's efforts to adapt to changing market conditions and the transition toward electric vehicles in the European automotive sector.