EV rules may be watered down by government as Vauxhall shuts factory
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The UK government is considering easing rules that require carmakers to meet electric vehicle sales targets due to low demand. This comes as Vauxhall announces the closure of its Luton factory, affecting 1,100 jobs.
November 27, 2024 | 9:30 am
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Stellantis, the parent company of Vauxhall, may face challenges due to the closure of the Luton factory and potential changes in UK EV sales mandates.
The closure of the Luton factory directly affects Stellantis, as it is the parent company of Vauxhall. This could lead to short-term negative impacts on Stellantis' stock due to potential job losses and production disruptions. Additionally, changes in UK EV sales mandates could affect Stellantis' strategy and market performance in the UK.
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