Indigenous engineer receives prestigious award

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Go back to Indigenous engineer receives prestigious award

Morgan Stanley expects similar deals from OEMs as Stellantis (STLA) forms JV with Leapmotor

October 26, 2023 12:17 PM EDT

Stellantis (NYSE: STLA) confirmed Wednesday night that the Chrysler-parent will invest EUR 1.5B to acquire approximately 20% of Chinese automaker, Leapmotor.

The purchase also sets the stage for a planned joint venture between the two entities called, Leapmotor International, a 51/49 Stellantis-led JV that has exclusive rights for the export and sale, as well as manufacturing, of Leapmotor products outside Greater China.

Morgan... More

Stellantis (STLA) closing in on deal to acquire 20% of China's Leapmotor

October 25, 2023 11:49 AM EDT

Stellantis (NYSE: STLA) confirmed Wednesday that the automaker was studying closer ties with Chinese carmakers following a Bloomberg report that said the company was nearing a deal to acquire a roughly 20% stake in Chinese electric vehicle company, Zhejiang Leapmotor.

Leapmotor and Stellantis are in talks about establishing a... More