MILAN — Stellantis has signed a framework settlement with Algeria to develop actions of its Fiat model within the county, together with for native manufacturing of autos.
The deal covers a undertaking for the event in Algeria of business, after-sales and spare elements actions for Fiat, in addition to the event of the automotive sector within the nation, Stellantis mentioned in an announcement on Thursday.
Stellantis, whose manufacturers embrace Peugeot, Citroen, Alfa Romeo, Jeep and Opel, didn’t present additional particulars concerning the actions it is going to begin underneath the settlement.
“The standard of the continuing discussions makes us assured concerning the improvement prospects of the Fiat model, which can be eager to fulfill the expectations of Algerian prospects,” Stellantis CEO Carlos Tavares mentioned.
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