Automotive giant Stellantis is divesting its car-sharing business, Free2move, in a move that underscores its shift in focus towards core vehicle manufacturing operations. The French multinational conglomerate has agreed to sell the business to German investment firm Mutares, a deal that marks another step in Stellantis' efforts to streamline its portfolio and concentrate on its core strengths. Free2move, which offers car-sharing and mobility services in several European markets, will now become part of Mutares' growing portfolio of companies. The sale is seen as a strategic decision by Stellantis to concentrate on its core automotive business, amidst a rapidly evolving mobility landscape.
Stellantis is selling its Free2move car-sharing business to German investment firm Mutares. The deal reflects Stellantis' strategy to focus on core vehicle manufacturing.
