Stellantis Considers Sharing European Factories Amid Overcap
Key Takeaways
- 1Stellantis is evaluating sharing four European factories with Dongfeng.
- 2Structural industrial overcapacity in Europe prompts negotiations.
- 3Potential foreign involvement may increase dependency on non-European firms.
According to Bloomberg, Stellantis is exploring the possibility of ceding or sharing four of its European factories, including the one in Rennes, following recent visits from representatives of Chinese group Dongfeng. This factory is not struggling; it has benefitted from approximately €160 million in recent investments and modernization efforts to produce the new Citroën C5 Aircross.