02/07/2025  Stellantis may close factories due to EU fines for carbon emissions

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Stellantis may have to close factories due to the risk of hefty European Union fines for not complying with CO2 emission targets, the head of the Franco-Italian automaker for Europe said on Tuesday.

European car manufacturers have to sell more electric vehicles to cut CO2 emissions or risk penalties as part of the bloc's efforts to limit the catastrophic effects of climate change. The automaker industry has successfully lobbied for more time to comply, as fines will be based on 2025-2027 emissions rather than just in 2025.

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