Stellantis (STLA) closed at $14.46 in the latest trading session, marking a +1.4% move from the prior day.
Stellantis is aiming to make 50% of Lancia sales online as the carmaker gears up to relaunch the premium brand across Europe, Lancia CEO Luca Napolitano said on Friday. The 116-year-old brand, which had shrunk to just one model in one market - its home of Italy, plans to launch a new Ypsilon model in Italy in early 2024, and then in France, Germany, Spain, Belgium by the end of June that year, Napolitano said. The CEO said Britain was not currently part of Lancia's plan, but that could change later.
VERONA, Italy (Reuters) -Stellantis will start a reshuffle of its European dealers' network next year from Austria, Belgium and the Netherlands, and its van and premium brands in all markets, its regional sales chief said on Wednesday. As part of its efforts to cut costs and finance its electrification strategy, the carmaker, formed through the merger of Fiat Chrysler and France's PSA, has said it would end all current sales and services contracts with European dealers for its 14 brands, effective form June 2023. The plan is to move its distribution structure in Europe towards an "agency model", where carmakers take more control of sales transactions and prices while dealers focus on handovers and servicing, no longer acting as the customer's contractual partner.