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Stellantis reverses controversial changes in contract terms for suppliers

The reversal is a victory for suppliers, which have watched their top and bottom lines bleed amid supply chain volatility while automakers haul in profits. The move comes less than a week after Stellantis named a new purchasing chief.
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Renault sells AvtoVAZ stake

The automaker confirmed a non-cash writedown of nearly 2.2 billion euro ($2.29 billion) to reflect the potential costs of suspending operations in the country because of its invasion of Ukraine.
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