PARIS — Any investment by Stellantis in its Vauxhall plant is dependent on support from the British government for the operation, CEO Carlos Tavares said in an interview with a French newspaper.

“An investment of this type, on top of what is already planned for continental Europe, does not make industrial sense as we have enough capacity elsewhere,” Tavares was quoted as saying by Les Echos on Wednesday.

The British government said earlier this week it was hopeful a good outcome could be found for the factory, which builds the Opel/Vauxhall Astra, following Britain’s exit from the European Union and a UK plan to end the sale of new combustion engine-only cars by 2030.

Stellantis is considering revamping the factory for production of full-electric cars but is seeking financial incentives and commitments on post-Brexit trade of auto parts, Bloomberg reported last week.


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