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Stellantis has agreed to sell its stake in car-sharing provider Free2move to Mutares, a Munich-based investment firm. It’s the latest, and possibly final move in the largely unprofitable mobility services adventure that Stellantis and its predecessor companies have been running since 2016.
The Free2move brand covers not just car-sharing, but also fleet management, subscription, and other mobility products. This sale is only for the car-sharing unit – the rest stays with Stellantis. The car-sharing business that is now being…