MILAN (Reuters) – Cooperating with start-ups will help Stellantis meet its financial targets in a fast changing world, CEO Carlos Tavares said as the automaker on Wednesday gave awards to seven technology start-ups.
Tavares said the company had set 10% as a floor for its margin on adjusted operating profit (EBIT) and start-ups can help on this.
“In a Darwinian world, if we do not change we disappear,” he said during a web presentation.
(Reporting by Giulio Piovaccari and Nick Carey; Editing by Keith Weir)
