Stellantis expects $2.7B loss
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Stellantis may have to close factories due to the risk of hefty European Union fines for not complying with CO2 emission targets.
The company says it is staring down the possibility of fines totaling up to $2.95 billion within two to three years
Carmaker Stellantis has scrapped its hydrogen fuel cell development programme as well as launch plans for new vehicles using the technology.