Stellantis Inks Deal For Fiat Vehicle Production In Algeria

Stellantis NV STLA has signed a framework agreement with the Algerian Ministry of Industry.
The agreement covers a project to develop industrial, after-sales, and spare parts activities for Fiat in Algeria.
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"The signing of this framework agreement is in line with the historic place occupied by Stellantis and its brands in the Algerian automotive market," said CEO Carlos Tavares.
The agreement also focuses on the development of the automotive sector in Algeria.
Also See: Stellantis Targets Circular Economy Business Unit To Achieve €2B In Revenues By 2030
Price Action: STLA shares are trading higher by 3.91% at $12.23 on the last check Thursday.
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