Stellantis aims to sell up to 500,000 vehicles across Europe in three years

Ayvens SA

26/02/2024 06:30

Feb 26 (Reuters) - Franco-Italian automaker Stellantis
 STLAM.MI  said on Monday it had reached a multi-billion-euro
frame agreement with leasing and fleet management company Ayvens
to sell up to 500,000 vehicles across Europe over the next three
years.
    Under the agreement, Ayvens' affiliates will buy the
vehicles for its long-term leasing fleet across Europe, with the
first delivery volumes expected to begin in the first half of
2024, Stellantis said.
    Stellantis, which owns brands including Chrysler, Jeep and
Fiat, said specific details of the deal including order
quantity, compositions and delivery dates beyond the volumes
already planned for 2024 can be flexibly agreed between the two
companies, depending on fleet requirements and demand.
    Ayvens' customers will be offered brands such as Alfa Romeo,
DS Automobiles, Fiat, Opel, Peugeot, and Vauxhall, the statement
said, adding that the brand availability can be extended in the
future to cover Stellantis' entire portfolio. 
    The agreement "will aid the progressive transition of
Ayven's client base to choosing more sustainable mobility
options," Stellantis Chief Executive Carlos Tavares said.
    Ayvens was created when ALD Automotive, a subsidiary
majority owned by French lender Societe Generale  SOGN.PA ,
acquired fleet management and mobility company LeasePlan last
year.
   

 (Reporting by Angela Christy and Giulio Piovaccari; Editing by
Sherry Jacob-Phillips)
 ((AngelaChristy.M@thomsonreuters.com;))