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Stellantis is on track to achieve the promised € 5 billion synergies following the merger between FCA and PSA. This was stated today by the CEO of the automotive group, Carlos Tavares, adding that possibly the achievement of such synergies will come at a faster pace than planned.
Tavares, speaking at a Reuters event today, explained how electrification will result in 50% additional costs that will require industry productivity gains of 10% per annum over the next five years.