Stellantis to build U.S. firm Archer's air taxi, up stake

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Stellantis (STLA) and Archer (ACHR) to build electric aircraft

January 4, 2023 1:08 PM EST

Stellantis (NYSE: STLA) and Archer Aviation (NYSE: ACHR) announced Wednesday that the two companies have agreed to expand their partnership to manufacture Archers flagship electric vertical take-off and landing (eVTOL) aircraft, Midnight.

The two companies plan to begin manufacturing the Midnight aircraft in 2024 at Archers recently announced manufacturing facility in... More