Stellantis NV is mulling a potential sale of its car-sharing business Free2move as Chief Executive Officer Antonio Filosa looks to turn around the ailing automaker, according to people familiar with the situation.
The manufacturer has reached out to potential buyers for Free2move, said the people, who asked not to be identified discussing internal matters. Considerations are at an early stage and there’s no certainty a deal will happen, the people said.
Filosa, 52, is under pressure to steady the carmaker that’s suffered market share losses in the United States and Europe following missteps under the leadership of former CEO Carlos Tavares. A broader review of portfolio assets and the group’s industrial footprint is under way at Stellantis, with a goal of presenting a new business plan t