Stellantis CEO Carlo Tavares said Tuesday that the company is "working hard" to avoid the risk of factory closures as recently announced by carmaker Volkswagen. "We are working hard to avoid the situation in which Volkswagen finds itself", said Tavares. The issue depends on many factors, the CEO told reporters, "from consumers, to how quickly we will be able to cut costs and the willingness of European countries to support consumers who buy electrical cars. "We have taken many unpopular decisions to avoid Volkswagen's situation that were not always well understood, perhaps because at times we didn't explain them well", he noted. Europe's largest carmaker Volkswagen announced earlier this month that it was considering the hypothesis of shutting down production sites in home country Germany. Source: Ansa News Agency