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Stellantis mulls sale of Free2move as CEO seeks turnaround
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On the Dash:Stellantis is considering the sale of Free2move to concentrate on its more profitable core markets, particularly in the U.S.
This potential sale is still in its preliminary stages, and it’s not guaranteed that a deal will be finalized.
Stellantis is considering selling its car-sharing unit Free2move as part of Chief Executive Officer Antonio Filosa’s efforts to restructure the automaker, people familiar with the matter said.
The potential sale comes as Stellantis reviews its portfolio and industrial footprint, with a new business plan expected to be presented to investors in the first quarter of next year.
Since Tavares’ departure, Stellantis has scaled back some EV ambitions and halted a hydrogen joint venture with Michelin and Forvia SE.