Stellantis Invests €1bn in France to Produce New EV and Hybrid Models
24 Articles
24 Articles
The CEO of Stellantis, Antonio Filosa, confirmed this Tuesday, June 2, that more than one billion euros will be invested in France by the car manufacturer, half of which in research and development. An essential pole in Sochaux, in which almost half of the employees work.
At the French plant in Mulhouse, three new electric and hybrid models from Peugeot will be launched. The investment also influences the balance of power in the car company.
Contributions are part of a larger commitment of 1 billion euros from the assembler in the country, as anticipated last week by the French president, Emmanuel Macron
The manufacturer presents his project this Tuesday at the Haut-Rhin site, which employs nearly 4,500 employees. A measure aimed at responding to French employees who are worried that the group will give priority to its American activities.
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