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Stellantis cuts French prices in bid to rebuild market share
Yahoo Finance· 2026-01-29 11:44
Group 1 - Stellantis is lowering vehicle prices in France to recover lost market share, specifically on Fiat, Opel, and Peugeot models [1][2] - A new deal for the Fiat Pandina has been launched at €9,990 ($11,973) under certain conditions, with cheaper leasing options also available for the Peugeot 208 [1][2] - The entry price for petrol versions of the Opel Corsa has been reduced from €20,900 to €15,900 [2] Group 2 - CEO Antonio Filosa, who took over in June, is implementing price reductions to stabilize brands like Jeep and Peugeot after market share losses [2] - Filosa has plans for billions of dollars in investment in the US while addressing excess capacity in Europe and competition from Chinese manufacturers [3] - Stellantis operates twelve factories in France and is expected to unveil a new strategic plan in the first half of the year [3] Group 3 - Passenger car and van output in France increased to 661,000 units last year, up from 569,000 in 2024, aided by stronger production at sites like Sochaux [4] - Filosa has expressed concerns that the European Commission's updated vehicle emissions regulations do not provide a clear growth strategy for the EU car industry [4] - There is a possibility that Stellantis may increase European spending if the planned 2035 phase-out of petrol engines is relaxed [5]