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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 | - |
From Apr 2021 to Apr 2024
By Kim Richters
Stellantis NV is investing 100 million pounds ($138.4 million) in its Vauxhall brand's manufacturing plant at Ellesmere Port, England to focus the site's production on all-electric vehicles.
The car maker said Tuesday that the site will become its first plant dedicated to the production of battery-electric light commercial vehicle and passenger car models for its Vauxhall, Opel, Peugeot and Citroen brands from 2022.
Stellantis said its investment in the plant was supported by the U.K. government, and that it is also reviewing a potential additional investment at the site.
The car maker said the investment "will leverage the performance improvement actions that have been made possible thanks to a co-building process between the company, the Unite Union and based on the workforce's drive to transform their plant."
Write to Kim Richters at kim.richters@wsj.com
(END) Dow Jones Newswires
July 06, 2021 07:13 ET (11:13 GMT)
Copyright (c) 2021 Dow Jones & Company, Inc.
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