Stellantis to Sell Up to Half Million Vehicles to Ayvens
By Adria Calatayud
Jeep owner Stellantis entered into a multi-billion-euro agreement to sell up to half a million vehicles to Ayvens, a leasing company majority owned by Societe Generale.
The European car maker and the French car-leasing company said Monday that they reached a frame agreement that encourages Ayvens's affiliates to buy vehicles for its long-term leasing fleet across Europe over the next three years.
The deal covers vehicle classes ranging from city cars to sport-utility vehicles and vans and includes battery-electric vehicles, the companies said.
First delivery volumes are expected to start in the first half of 2024 and to continue throughout the year, the companies said.
Beyond the volumes already planned for 2024, specific order quantities, composition and dates can be adjusted between the two companies, taking into account demand and fleet requirements, they said.
Write to Adria Calatayud at adria.calatayud@wsj.com
(END) Dow Jones Newswires
February 26, 2024 02:09 ET (07:09 GMT)
Copyright (c) 2024 Dow Jones & Company, Inc.-
These Stocks Are (Still) Powering the Bull Market
-
5 Undervalued Energy Stocks to Play the AI Data Center Demand Boom
-
After Earnings, Is Lowe’s Stock a Buy, Sell, or Fairly Valued?
-
5 Stocks With the Largest Fair Value Estimate Cuts After Q1 Earnings
-
10 Stocks With the Largest Fair Value Estimate Increases After Q1 Earnings
-
Markets Brief: Inflation Back in the Spotlight
-
AI Is Booming, but Consumer Spending Is Slowing. Which Will Prevail in the Stock Market?
-
What’s Happening In the Markets This Week
-
3 Dividend Stocks for June 2024
-
After Earnings, Is Alibaba Stock a Buy, Sell, or Fairly Valued?
-
MongoDB Earnings: Slashing Valuation as Execution and Macro to Blame for Lower Guidance
-
Marvell Earnings: We Raise Our Medium-Term AI Forecast and Bring Our Valuation Up to $75
-
Zscaler Earnings: Impressive Traction in Emerging Products Drives Sales Growth for the Quarter
-
Dell Earnings: Raising Valuation on Strong AI, but the Stock Remains Severely Overvalued
-
After Earnings, Is Nvidia Stock a Buy, Sell, or Fairly Valued?
-
The 10 Best Companies to Invest in Now