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Stellantis NV is to invest C$3.6 billion (US$2.8 billion) to retool two Canadian assembly plants to build electric vehicles (EVs), more than doubling an earlier commitment made during union negotiations. Stellantis, formed from the merger of Fiat Chrysler Automobiles NV and PSA Group last year, is to add a new vehicle platform that can be used to make electric vehicles at its plants in Windsor and Brampton, Ontario, the company said in a statement on Monday. The investments will restore employment at the two plants, which have suffered reductions in recent years. “These investments reaffirm...

BMW has announced that it plans to sell its car-sharing service SHARE Now to Stellantis. Share Now is jointly owned by BMW and Mercedes Benz. The two

The car-sharing venture formed by BMW AG and Mercedes-Benz AG will be owned by Stellantis, as they struggle to make the business profitable.

Car sharing, although a bright idea, has seen a difficult adoption, especially in the light of the pandemic restrictions. With more clouds on the horizon...

With one acquisition, Stellantis is getting closer to establishing itself as a major mobility provider. TheDetroitBureau.com takes a look at what’s ahead.