Menu

Search

  |   Business

Menu

  |   Business

Search

SIXT, Stellantis Announce Multi-Billion Euro Agreement for Vehicle Purchase

SIXT, a premium mobility service provider, and Stellantis, one of the world's leading automakers, have entered a significant agreement. The multi-billion euro deal entails SIXT potentially acquiring up to 250,000 vehicles over the next three years for its rental fleet in corporate countries across Europe and North America.

According to a press release, Deliveries will begin in the first quarter of 2024, marking a major milestone in this collaboration.

Flexibility and Customization

Reuters noted that this partnership ensures that SIXT rental customers can access a diverse range of vehicles from Stellantis' award-winning brands. Brands such as Alfa Romeo, Chrysler, Citroën, Dodge, DS Automobiles, Fiat, Jeep®, Lancia, Opel, Peugeot, Ram, Vauxhall, and Maserati will be available to SIXT customers.

The fleet will encompass various classes, including city cars, SUVs, vans, trucks with 7- and 9-seaters, and a comprehensive selection of propulsion types such as battery electric vehicles. These vehicles will be equipped with the latest software and cutting-edge infotainment tech features.

SIXT and Stellantis acknowledge the importance of fleet requirements and customer demand. Both companies are committed to creating a mutually beneficial arrangement and will explore flexible agreement terms for specific order quantities, compositions, and delivery dates. This approach ensures that the fleet can be tailored to meet unique requirements and adapt to changing market needs.

Beyond the vehicle purchase agreement, SIXT and Stellantis have identified potential cooperation opportunities in various regions globally. Areas of exploration include Mobilisights, Stellantis' data-as-a-service (DaaS) business. SIXT aims to leverage this collaboration to develop and license innovative business-to-business products, applications, and services. The objective is to enhance the overall customer experience and provide cutting-edge offerings to SIXT customers worldwide.

As a result of this partnership, the SIXT rental fleet will witness a significant increase in the number of fully connected vehicles. These vehicles will be equipped with advanced telemetry capabilities, allowing seamless transmission of essential vehicle data to SIXT upon return. This automated process streamlines branch operations, ensuring faster processing times and enhanced vehicle availability for SIXT customers.

Sustainability and Carbon Footprint Reduction

The agreement between SIXT and Stellantis aligns with SIXT's commitment to reducing its CO2 footprint. By acquiring Stellantis' state-of-the-art propulsion technology, including battery electric vehicles (BEVs), SIXT moves closer to its ambitious goal of achieving a share of 70-90 percent electrified vehicles in Europe by 2030.

This partnership demonstrates the companies' shared vision for a sustainable future and highlights their dedication to environmental stewardship.

Photo: Stellantis Newsroom

  • Market Data
Close

Welcome to EconoTimes

Sign up for daily updates for the most important
stories unfolding in the global economy.