Transportation
Stellantis Wins Order for 250,000 Cars From Renter Dropping Tesla
- Deliveries to Sixt includes EVs and will start this quarter
- Renter phases out Teslas after price cuts hurt resale values
Sixt in December said it’ll phase out Teslas because the manufacturer’s heavy price cuts undermined prices for used cars.
Photographer: Andrey Rudakov/BloombergThis article is for subscribers only.
Stellantis NV will supply as many as 250,000 vehicles to Sixt SE in a deal struck within weeks of Europe’s biggest car-rental company announcing it was dropping Tesla Inc. vehicles from its fleet.
First deliveries as part of the multibillion-euro order will start this quarter, the companies said Tuesday. The vehicles — a mix of combustion-engine, plug-in hybrid and battery-electric — will go to Sixt’s rental fleet across Europe and North America over the next three years.