Stellantis signals its continued confidence in archer by further increasing its strategic shareholding in the company

Amsterdam and santa clara, california, march 18, 2024 – stellantis n.v. and archer aviation inc. (nyse: achr) today announced that stellantis recently completed a series of open market purchases of ~8.3 million shares of archer's stock signaling stellantis' continued confidence in archer's plans to bring electric vertical take-off and landing (evtol) aircraft to market beginning in 2025. stellantis' increased investment in archer follows ceo carlos tavares' recent visit to archer's headquarters and manufacturing facilities in santa clara, california.
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