Stellantis Officially Declares: No Plans to Sell Any of Its Car Brands

Stellantis, formed by the merger of Fiat Chrysler Automobiles and PSA Group, has confirmed that it has no intentions of selling any of its car brands, including renowned names like Peugeot, Citroën, Dodge, and Jeep. This statement comes in response to the growing rumors and speculation about potential sales of individual brands that have surfaced in the media over recent months.

Stellantis CEO Carlos Tavares asserts that all of the company’s brands play a crucial role in its global strategy for transitioning and electrifying vehicles. According to him, having a diverse portfolio of brands enables Stellantis to adapt to changing market conditions and customer needs around the world.

Tavares added that each brand possesses its unique history and identity, making them not just part of a business model, but important players in the market. The CEO emphasizes that Stellantis's strategic focus is directed towards collaborative efforts among various brands to create a more sustainable future in the automotive sector, including deeper integration of electric vehicles and environmental enhancements.

The rumors of selling individual brands emerged as Stellantis began implementing internal structural changes to optimize its operations and reduce costs. However, the company's management highlights that these changes aim to improve financial performance and efficiency rather than divesting any assets.

Thus, Stellantis sets ambitious goals not only for expanding its market presence but also for strengthening its positions in new technologies and developments in electric transportation. This decision is seen as a signal to investors and customers that the company has long-term plans and aims for sustainable growth in the future.

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