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Motor1
Motor1
Sport
Anthony Alaniz

Stellantis CEO Sees A 'Huge Opportunity' For Cheap Cars

Stellantis Antonio Filosa Jeep Ram Ford Dodge

New car prices continue to hover around $50,000, and the selection of affordable ones continues to dwindle. Stellantis is trying to counter those rising costs with several new models priced under $40,000.

At this week's Automotive News Congress in Detroit, Stellantis CEO Antonio Filosa said that there is a “huge opportunity” for Stellantis to launch more affordable models, according to The Detroit News. The automaker plans to introduce nine new cars with prices below $40,000.

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