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Tribune News Service
Tribune News Service
Business
Breana Noble

Stellantis to be carbon neutral by 2038, double net revenues by 2030

The maker of Jeep SUVs and Ram pickup trucks on Tuesday said it will become carbon neutral starting by 2038 and double its net revenues by 2030.

The CEO of Stellantis NV, the merger between Fiat Chrysler Automobiles NV and French automaker Groupe PSA, laid out the company's 2030 long-term strategy to achieve $335 billion (300 billion euro) in net annual revenue. The plan covers a critical time in the auto industry's transformation toward electrified and connected vehicles.

"Dare Forward 2030 inspires us to become so much more than we've ever been," CEO Carlos Tavares said in a statement. "We are expanding our vision, breaking the limits and embracing a new mindset, one that seeks to transform all facets of mobility for the betterment of our families, communities and the societies in which we operate."

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