Stellantis signs multi-billion euro deal with German rental firm By Investing.com

© Reuters. Stellantis (STLA) indicators multi-billion euro cope with German rental agency

Fiat Chrysler-parent, Stellantis (NYSE:) introduced Tuesday that the Franco-American automaker has entered right into a multi-billion euro settlement with European rental agency SIXT SE.

In line with the announcement, Stellantis will promote SIXT as much as 250,000 autos throughout Europe and North America over the following three years.

Stellantis will start delivering a various lineup of autos, spanning from metropolis vehicles to SUVs and vehicles, beginning within the first quarter of 2024 and lengthening all year long.

Moreover, as a part of the settlement, Stellantis will provide electrical autos to the German mobility service supplier, though particular particulars about this facet of the deal stay undisclosed.

The 2 corporations added that they’d additionally discover potential collaboration alternatives in varied different areas, with a give attention to areas equivalent to Stellantis’ DaaS enterprise.

Shares of STLA are down 3.05% in mid-day buying and selling on Tuesday.