Car maker Stellantis that owns the Jeep and Citroën brands and bought Chrysler Corporation will invest an additional $421 million in India over the next three years. The money will fund twelve vehicles across the two brands: seven all-new models and five major upgrades. Shailesh Hazela, chief executive and managing director...
Stellantis Takes Full Ownership of Its India Manufacturing Plant
Stellantis, the automaker headquartered in Hoofddorp, Netherlands (and the owner of Chrysler), has taken full ownership of its vehicle plant in Tiruvallur, in southern India, by buying out the remaining stake held by its India joint-venture partner. The companies did not disclose the price or the size of the stake....