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STLA Stellantis NV

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Share Name Share Symbol Market Type
Stellantis NV BIT:STLA Italy Ordinary Share
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 0.00 -

Renault to Make Some Commercial Vehicles for Fiat

22/07/2014 7:10pm

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Stellantis NV (BIT:STLA)
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PARIS-- French car maker Renault (FIATY, RNO.FR) said Tuesday it has agreed to manufacture a new light-commercial vehicle in France for Italian peer Fiat Spa (F.MI), starting in the second quarter of 2016.

The new model, which will be branded as a "Fiat Professional," will be developed by the Italian firm based on a Renault platform and will be produced by Renault's factories in France, the French company said in a statement.

A Renault official said the company would provide more details on the size of the new model in September, as well as the number of vehicles to be produced.

The deal would allow Renault to boost capacity at its French factories, which have been working at a slower pace than its plants in other countries with lower costs. The company has been recovering from a prolonged slump as car sales in Europe fell to a multiyear low in 2013. In its key domestic market, Renault's new-car registrations rose 25% in June, though most of the increase came from cars assembled outside France.

Write to Inti Landauro at inti.landauro@wsj.com

Subscribe to WSJ: http://online.wsj.com?mod=djnwires


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