Stellantis has managed to preserve a strong pricing power in North America, CEO Carlos Tavares told shareholders on Thursday, according to Reuters.

The report noted that contrasted with signs of pricing power declining for global automakers, with possible impacts on margins.

The news agency also noted Tesla earlier this month had cut US prices, the fifth such cut in its largest market since the start of 2023.

Just Auto Excellence Awards - Have you nominated?

Nominations are now open for the prestigious Just Auto Excellence Awards - one of the industry's most recognised programmes celebrating innovation, leadership, and impact. This is your chance to showcase your achievements, highlight industry advancements, and gain global recognition. Don't miss the opportunity to be honoured among the best - submit your nomination today!

Nominate Now