Stellantis cut break-even point to less than 50% of capacity in 2021, CEO says

TURIN -- Stellantis CEO Carlos Tavares said the automaker was able to reduce its break-even point to less than 50 percent of its installed production capacity in the final months of last year. It did so to protect Stellantis from "chaos" created by the combination of the chip shortage, rising raw materials prices and geopolitical risks.