TECH - Stellantis Inks Multi-Billion Euro Deal With Ayvens For 500K Vehicle Sales In Europe | Benzinga
Stellantis (NYSE:STLA) has recently announced a significant deal with a leading leasing and fleet management company, Ayvens. The agreement is set to facilitate the sale of up to 500,000 vehicles across Europe within the next three years.
What Happened: Stellantis has reached a multi-billion-euro frame agreement with Ayvens, as per a press release shared on Monday. The deal will see Ayvens’ affiliates purchasing the vehicles for their long-term leasing fleet across Europe. The first delivery volumes are expected in the first half of 2024.
Under the terms of the agreement, the vehicles will be supplied to Ayvens’ affiliates, with the initial substantial deliveries expected in the first half of 2024. The vehicles will be sourced from Stellantis’ renowned brands, including Alfa Romeo, Citroën, DS Automobiles, FIAT, Jeep, Lancia, Opel, Peugeot, and Vauxhall. This selection may be expanded in the future to encompass the entire Stellantis brand portfolio. The focus will be on integrating Stellantis’ innovative range of sustainable vehicles to support Ayvens’ multi-brand strategy.
The vehicles will span various classes, from city cars to SUVs and ...