Advertisement
UK markets closed
  • NIKKEI 225

    38,482.11
    +379.67 (+1.00%)
     
  • HANG SENG

    17,915.55
    -20.57 (-0.11%)
     
  • CRUDE OIL

    81.49
    -0.08 (-0.10%)
     
  • GOLD FUTURES

    2,343.70
    -3.20 (-0.14%)
     
  • DOW

    38,834.86
    +56.76 (+0.15%)
     
  • Bitcoin GBP

    51,209.11
    -1,218.16 (-2.32%)
     
  • CMC Crypto 200

    1,338.32
    -51.08 (-3.71%)
     
  • NASDAQ Composite

    17,862.23
    +5.21 (+0.03%)
     
  • UK FTSE All Share

    4,467.95
    +30.42 (+0.69%)
     

Stellantis CEO: future of three German Opel plants secure for now

FILE PHOTO: Stellantis CEO Carlos Tavares meets unions and holds a news conference in Turin

BERLIN (Reuters) - The future of three Opel plants in Germany belonging to carmaker Stellantis is secure in the medium term after workers made progress on solving quality problems, CEO Carlos Tavares told the Frankfurter Allgemeine Sonntagszeitung newspaper in comments released on Friday.

However, vast improvement is needed on cost cutting in Germany in general, Tavares said. "Germany is currently the most expensive place in the world to produce cars," he added.

(Writing by Rachel More, Editing by Miranda Murray)