Chrysler parent Stellantis NV (NYSE:STLA) CEO Carlos Tavares on Friday advised against price reductions that might risk profitability and potentially make car manufacturers acquisition targets. What Happened: Stellantis is relatively more protected from the downtrend in prices as compared to several other rivals, Tavares said, as reported by Reuters. The CEO also noted that several other automakers were ‘in trouble’ owing to price cuts with building losses. “If you go and cut pricing disregarding the reality of your costs, you will have a bloodbath. I am trying to avoid a race to the bottom,” …
