Automotive

In support of the French governments initiatives to decarbonize mobility, Stellantis invests over $1.1 billion for the production of three new Peugeot models of hybrid cars based on the STLA One model. Investments will boost Peugeot in the European automotive flagship market segment which accounts for 30% of automotive sales. Production will start in 2029 in Mulhouse, France, roughly 300 miles Northwest of Paris, in the Mulhouse plant, the new project ensuring future stability for the 4,500 employed there.

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