The sale will move Stellantis further away from non-core mobility ventures as it redirects capital under its €60 billion FaSTLAne 2030 turnaround plan, with closing expected by year-end subject to approvals.
Stellantis is selling its Free2move car-sharing subsidiary to German investment firm Mutares as the automaker trims non-core activities and concentrates capital and management attention on its €60 billion FaSTLAne 2030 turnaround plan. Financial terms were not disclosed, and the transaction is expected to close by the end of the year, subject to regulatory approvals. Free2move, launched in 2016 by PSA Group before the merger that created Stellantis, operates free-floating car-sharing fleets in 14 cities across Europe and the United States, allowing users to book vehicles entirely through a smartphone app. Mutares said it plans to overhaul the unit’s international fleet management, accelerate its shift to battery-electric vehicles and sharpen its focus on customer experience and urban mobility needs for municipal authorities. The disposal comes as Chief Executive Officer Antonio Filosa seeks to rebuild market share in the United States and Europe while responding to growing pressure from Chinese manufacturers. Stellantis has framed the sale as part of a disciplined capital-allocation strategy that will direct roughly 70% of product investment to Ram, Jeep, Peugeot, Fiat and the Pro One commercial-vehicle business, while targeting annual revenue growth from €154 billion in 2025 to €190 billion by 2030.