Market Chatter: Stellantis Plans to Invest Over 1 Billion Euros to Manufacture New Van in France

MT Newswires Live

9 hours ago

Stellantis (STLA) intends to invest more than 1 billion euros ($1.16 billion) to build a new van at a factory in France as part of a larger overhaul of its European manufacturing operations, Bloomberg reported Friday, citing people familiar with the matter.

The company will upgrade an existing plant in Hordain, northern France, and invest in research and development elsewhere in the country to support production of the new vehicle, according to the report.

Stellantis did not immediately respond to a request for comment from MT Newswires.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

Price: 5.44, Change: +0.16, Percent Change: +3.03

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