Stellantis Announces Over €1 Billion Investment to Upgrade Hordain Van Plant in France
Stellantis is set to invest more than €1 billion ($1.15 billion) into its Hordain plant in northern France, according to a Bloomberg report citing unnamed sources. The investment will be used for upgrading the facility and supporting research and development efforts across France for a new van model. Part of this strategy includes bringing certain manufacturing processes back in-house from external suppliers and increasing automation to improve efficiency. This move is part of Stellantis CEO Antonio Filosa’s broader restructuring plan aimed at addressing overcapacity, cutting costs on unprofitable segments, and achieving €6 billion in annual savings by 2028. The investment also aligns with the company's goal to launch 11 new or updated models under its Pro One commercial vehicle division by 2030.
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Topics: Automotive Europe Investment Manufacturing