-- Stellantis has met with Chinese carmakers including Xiaomi and Xpeng, seeking investment in its lackluster European operations as it focuses its own investments on the Americas, Bloomberg says, citing people familiar with the matter.
-- Options discussed include acquiring stakes in Maserati or other brands, and talks have also covered access to production capacity as Chinese groups seek to grow in Europe, the people said, according to Bloomberg.
-- Stellantis said it doesn't comment on speculations, while a media representative for Xpeng declined to comment and Xiaomi didn't immediately respond to a request for comment, Bloomberg said.
Full story: https://tinyurl.com/4xtytax8
Write to Dominic Chopping at dominic.chopping@wsj.com
Stellantis N.V. is one of the world's leading car manufacturers. The activity is essentially organized around 4 sectors:
- sales of passenger cars and light commercial vehicles: Abarth, Alfa Romeo, Chrysler, Citroën, Dodge, Fiat, Jeep, Lancia, Maserati, Opel, Peugeot, Ram, Vauxhall, Free2move and Leasys brands;
- sale of luxury vehicles: Maserati and DS Automobiles brands;
- sale of automotive equipment: interior systems, car seats, car exteriors, emission control systems, etc.;
- other: financing services (purchase, rental, leasing, etc.), after-sales services, etc.
Net sales are distributed geographically as follows: the Netherlands (0.8%), North America (41.6%), France (10.3%), Brazil (7.6%), Italy (6.8%), Germany (5.2%), the United Kingdom (5%), Türkiye (3.8%), Spain (2.7%), Belgium (1.5%), China (0.2%) and other (14.5%).
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Investor
Investor
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ESG MSCI
The MSCI ESG score assesses a company’s environmental, social, and governance practices relative to its industry peers. Companies are rated from CCC (laggard) to AAA (leader). This rating helps investors incorporate sustainability risks and opportunities into their investment decisions.
