Chinese EV competition forces European automakers into deep cost cuts
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Stellantis announced plans to hire hundreds of additional engineers in Europe and the United States, citing a heavy workload evidenced by the display of over 60 vehicles and nine prototypes across eight brands. The move signals continued investment in R&D, likely focused on electrification and software, though specific numbers and timelines were not disclosed. This expansion suggests confidence in future product development pipelines despite broader industry cost pressures.
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