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Benzinga
Benzinga
Business
Shivani Kumaresan

Stellantis To Reshuffle European Dealers' Network In 2023: Reuters

Europe STLA NYSE Stellantis NV Wikimedia Commons Austria Belgium
  • Stellantis NV (NYSE:STLA) is planning a reshuffle of its European dealers' network in 2023 from Austria, Belgium, and the Netherlands, Reuters reported.
  • The company is looking to reshuffle dealers of its van and premium brands.
  • The carmaker would end all current sales and services contracts with European dealers in an effort to cut costs and re-channel resources for its electrification strategy, the report added.
  • The new distribution structure would be operational in all of Europe's 10 largest markets by 2026.
  • Price Action: STLA shares are trading lower by 3.29% at $14.09 on the last check Wednesday.
  • Photo Via Wikimedia Commons
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