- Stellantis earned almost 8 billion euros until June, 37% more than in the same period of 2021.
- The CEO of the union between PSA and FCA, Carlos Tavares, said that so far in 2022, even in a demanding environment, the strategic plan called “Dare Forward” experienced a “great performance”.
- Stellantis posted adjusted operating profit of €12.375 million in the first half of 2022.
The electric car market will continue to grow more and more vertiginously until it surpasses that of traditional fuels in market share.
Big companies know this. For this reason, there are more and more frequent announcements of large investments and alliances between relevant companies that seek to better position themselves before the evidence.
In this context, it is necessary to understand the recent alliance between the car manufacturer Stellantis and Uber, which in turn will forge a partnership together with the company Free2Move to focus on the French market for electric vehicles.
It should be remembered that Stellantis is the result of the merger of Fiat Chrysler Automobiles and Groupe PSA, companies that have brands such as Fiat, Alfa Romeo, Lancia, Maserati and Abarth (FCA Italy) in their portfolio; Jeep, Chrysler, Dodge and RAM (FCA US); and Peugeot, Citroën, DS, Opel and Vauxhall (PSA Group).
Uber and Stellantis join forces to advance in the electric car market
In a joint communication this Tuesday, September 27, the brands said that Free2Move It will help Uber with plans to convert 50 percent of its car fleet in France to battery-powered models.
The manufacture and sale of a greater quantity of ecars and hybrids, in addition, a key objective in Stallkenatis’s plans, according to what the company’s executive president, Carlos Tavares, said in early 2022.
Stellantis seeks to double revenue to €300 billion per year by 2030.
Last month, Uber reported positive quarterly cash volume for the first time in its history and forecast operating profit for the third quarter, beyond estimates at the start of the year.
This is so because more and more people are using their transportation and food delivery services through Uber Eats.
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