On the Dash:
- Stellantis is sharpening its focus on core automotive operations by divesting non-core businesses.
- Free2move will continue operating under new ownership, with plans to expand EV fleets and urban mobility services.
- The sale reflects Stellantis’ disciplined capital allocation strategy as it prioritizes higher-return investments.
On July 28, Stellantis announced it reached an agreement to sell its entire ownership stake in the Free2move car-sharing business to Mutares SE & Co. KGaA. The automaker expects to finalize the transaction by the end of 2026, pending regulatory approvals and customary closing conditions.
According to Stellantis, this divestiture aligns with its FaSTLANE 2030 plan, which focuses on investments in core brands, regions and technologies that have the greatest growth potential. Company executives believe that this move will enhance Stellantis’ commitment to long-term automotive performance.
Meanwhile, Mutares plans to establish Free2move as a standalone mobility platform, emphasizing operational improvements and growth. The investment firm aims to modernize fleet management, expand the availability of battery-electric vehicles (BEVs), and enhance the customer experience while supporting cities’ transportation needs.
Currently, Free2move operates free-floating car-sharing fleets in 14 cities across Europe and the United States. Stellantis has stated that it will collaborate with customers, partners and employees to ensure a smooth transition. Notably, the agreement is subject to employee consultations, regulatory approvals, and other customary closing requirements.
