MILAN (Reuters) -Stellantis said on Friday he planned to rejoin the European car lobby. THAT (BIT:), which it had abandoned in early 2023, in a move that could indicate a more cautious stance by the automaker in its electrification plans.
“Stellantis (NYSE:), Europe's second largest automobile manufacturer, confirms that it intends to apply for membership in ACEA,” the group said in a statement.
The European Automobile Manufacturers Association, widely known by its French acronym ACEA, has been the industry's main lobby group since its creation in 1991, uniting European car, truck, van and bus manufacturers.
Stellantis had left the group following the decision of its former CEO Carlos Tavares.
Tavares, who resigned earlier this week, recently opposed an ACEA proposal to delay European Union fines for carmakers that fail to meet interim carbon reduction targets set for 2025.
The ACEA on Saturday welcomed Stellantis' application.
“Given Europe's unprecedented competitiveness crisis and the collective need to overcome the challenges of the green transformation, it is more important than ever to remain united,” he said in a statement.
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