Stellantis has ramped up its investment in Archer Aviaton Inc., a pioneering company in the development of electric vertical take-off and landing (eVTOL) aircraft. The move, comprising a series of open-market purchases of 8.3 million shares of Archer’s stock, underscores Stellantis’ growing confidence in Archer’s ambitious plans to revolutionize urban transportation with electric air taxis, set to debut in 2025. This increased investment comes on the heels of Stellantis CEO Carlos Tavares’ recent visit to Archer’s headquarters and manufacturing facilities in Santa Clara, California. Tavares expressed unwavering support for Archer’s vision and the progress witnessed firsthand through their partnership. In … (read full article...)
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