Carlos Tavares, chief executive of the Stellantis automotive group, indicated in an interview published on Monday that the company is not ruling out plant closures in the face of competition from China. “Nothing can be ruled out,” Tavares told French financial daily Les Échos. If Chinese manufacturers secured a market share of 10% in Europe by the end of their current campaign, this would imply a volume of 1.5 million cars, he said. “That corresponds to seven assembly plants. European manufacturers would then either have to close them or hand them over to the Chinese,” Tavares said. He predict…