Get all your news in one place.
100’s of premium titles.
One app.
Start reading
Benzinga
Benzinga
Business
Shivani Kumaresan

Stellantis To Reshuffle European Dealers' Network In 2023: Reuters

  • Stellantis NV (NYSE:STLA) is planning a reshuffle of its European dealers' network in 2023 from Austria, Belgium, and the Netherlands, Reuters reported.
  • The company is looking to reshuffle dealers of its van and premium brands.
  • The carmaker would end all current sales and services contracts with European dealers in an effort to cut costs and re-channel resources for its electrification strategy, the report added.
  • The new distribution structure would be operational in all of Europe's 10 largest markets by 2026.
  • Price Action: STLA shares are trading lower by 3.29% at $14.09 on the last check Wednesday.
  • Photo Via Wikimedia Commons
Sign up to read this article
Read news from 100’s of titles, curated specifically for you.
Already a member? Sign in here
Related Stories
Top stories on inkl right now
One subscription that gives you access to news from hundreds of sites
Already a member? Sign in here
Our Picks
Fourteen days free
Download the app
One app. One membership.
100+ trusted global sources.