24
At the Paris stock exchange, the shares of the world's fourth largest vehicle manufacturer, Stellantis, appeared on price lists for the first time on Monday at EUR 12.90 and at times reached EUR 13.08. In their slipstream, the shares of Stellantis major shareholder Exor, the holding company of the Fiat founding family Agnielli, gained 1.6 percent.
With the merger, Fiat and the Opel parent company Peugeot want to arm themselves for the upcoming upheavals in the automotive industry. CEO Carlos Tavares wants to free up funds, among other things by reducing excess capacities, in order to finance investments in digitization, electromobility and self-driving cars.
