Stellantis is planning to trim its portfolio further by selling more non-essential assets as part of its strategy to cut annual costs by €6 billion by 2028. The decision follows the confirmed sale of Free2move’s car-sharing unit to Mutares, signaling a tighter focus on core vehicle design and manufacturing.
Free2move Sale Marks Shift Away from Shared Mobility
Just four years ago, Stellantis expanded its presence in shared mobility by acquiring Share Now from BMW and Mercedes-Benz to grow Free2move. However, the recent agreement to sell Free2move’s car-sharing operations to Mutares indicates a shift away from these ventures. The deal is expected to close by the end of 2026, pending regulatory approval.
Earlier Divestments Point to Broader Portfolio Reshaping
Stellantis has already reduced its holdings in recent years. In early 2025, it sold a majority stake in Comau to One Equity Partners, retaining only 49.9%. The group also offloaded its Turkish distribution business to Tofaş for €584 million and transferred its Canadian joint venture stake in NextStar Energy to LG Energy Solution in 2026.
Hydrogen and Automation Stakes May Be Next
Following the pause of its hydrogen commercial-vehicle program, Stellantis marked its stake in Symbio—jointly owned with Michelin and Forvia—as held for sale and wrote down its value. So far, no buyer has been found. Similarly, Stellantis might sell its remaining Comau shares to raise cash, while likely continuing to source automation technology as a customer.
Used-Car Platform and Property Holdings Under Review
The future of Stellantis’s 60.54% ownership of Aramis Group, a used-car sales and vehicle reconditioning platform operating in six countries, remains uncertain. With almost €2.4 billion in revenue in 2025, Aramis is financially important. However, it also plays a key operational role by managing lease returns, rentals, and trade-ins.
Additionally, Stellantis could reduce capital tied to property by transferring showroom and real estate assets from the Stellantis & You network to local dealers, maintaining sales and service functions without owning the physical venues.
Battery Supplier Stakes to Remain Stable
The company is expected to proceed cautiously with any decisions involving Automotive Cells Company, its battery joint venture with Mercedes-Benz and Saft. The battery supplier plays a significant role in Stellantis’s European production plans and battery supply chain, making it a critical part of the core business.
All these moves support Stellantis’s FaSTLAne 2030 plan, which aims for €6 billion in annual cost savings by 2028 compared to 2025. Any sale will need to generate cash without compromising the brands’ ability to design, build, and market vehicles.
Source: clubalfa.it