Stellantis Simplifies European Financing and Leasing Services

Stellantis (NYSE: STLA)* today confirmed a new, organization for financing and leasing services in Europe with the establishment of Stellantis Financial Services (formerly Banque PSA Finance) and Leasys (consolidating the activities of Leasys and Free2move Lease) organizations. Because of the two new organizations, Stellantis now has all-brand captive finance and leasing companies operating in Europe.

One objective is to become the European leasing leader with the target of reaching a fleet of one million vehicles by 2026. With its financial services arms, Stellantis wants to double its net banking income by 2030. (autoinformed.com on:Stellantis Consolidates Financial Services for All Brands; Stellantis to Consolidate Financial Services in China)

“Today marks the birth of Stellantis Financial Services, a major player in European automotive financing, and of the new consolidated Leasys,” said Philippe de Rovira, Stellantis Chief Affiliates Officer. “This simplification allows for superior agility to serve our customers, better support of the commercialization across Stellantis brands**, and strengthened competitiveness by leveraging various synergies.”

Stellantis also confirmed that Crédit Agricole Consumer Finance has acquired the 50% stake in FCA Bank Group that was previously owned by Stellantis. The relevant antitrust authorities and market regulators approved the execution of these various operations. The new websites www.StellantisFinancialServices.com and www.leasys.com are online today.

*(NYSE: STLA / Euronext Milan: STLAM / Euronext Paris: STLAP)

** Stellantis brands: Abarth, Alfa Romeo, Chrysler, Citroën, Dodge, DS Automobiles, Fiat, Jeep®, Lancia, Maserati, Opel, Peugeot, Ram, Vauxhall, Free2move and Leasys.