Stellantis NV is prepared to shift or limit production in Russia if Western sanctions disrupt those operations, the auto maker’s CEO said Wednesday, a sign of how the car industry is navigating the fallout of Russian President Vladimir Putin’s decision to recognize two breakaway regions in eastern Ukraine.
Chief Executive Carlos Tavares of Stellantis, which makes the Jeep, Dodge and Peugeot brands, said he was unsure how Western sanctions would affect the car maker’s plant in Kaluga, 115 miles southeast of Moscow. Since December the facility has been increasing production for exports to Western Europe amid rising demand.
