MILAN (Reuters) – Stellantis said on Friday it plans to rejoin the European car lobby THIS (BIT:), which he resigned from at the beginning of 2023, which may mean a more cautious stance of the car manufacturer regarding electrification plans.
“Stellantis (NYSE:)), the second largest carmaker in Europe, confirms that it intends to apply for ACEA membership,” the group said in a statement.
The European Automobile Manufacturers Association, commonly known by its French acronym ACEA, has been the industry’s main lobbying group since its inception in 1991, bringing together European manufacturers of cars, trucks, vans and buses.
Stellantis left the group following the decision of its former CEO Carlos Tavares.
Tavares, who resigned earlier this week, recently opposed ACEA’s proposal to delay the European Union’s imposition of financial penalties on carmakers that fail to meet interim greenhouse gas emissions reduction targets set for 2025.
ACEA considered Stellantis’ application on Saturday.
“Given the unprecedented competitiveness crisis in Europe and the collective need to meet the challenges of the green transition, it is more important than ever that we stand united,” the statement said.