Stellantis Planning to Split EV and ICE Vehicle Business?
Stellantis doesn’t have any plans to split its electric vehicle business from its ICE business, despite some of its rivals doing just that or thinking about such a move. While recently speaking with analysts, Stellantis chief financial officer Richard Palmer said he did not see any big benefits that could come from splitting off the company’s EV business in a move that could mimic Ford’s.
“We need to manage the company and the assets we have through this transition,” he said. “There are benefits to having the cash flow being generated by the internal combustion business for the investments we need to make.”