Stellantis announced Tuesday that it has agreed to hand off its Free2move car-sharing division to Mutares, a German investment company, marking another step by CEO Antonio Filosa to bring the automaker’s attention back to its primary business of manufacturing vehicles.
The move comes roughly two months after the French-Italian automaker laid out a long-term business strategy in May, which called for more careful use of capital, a tighter emphasis on core automotive operations, and new partnerships in both production and technology.
No price tag was attached to the announcement, but both sides expect the sale to be finalized before the close of 2025.
Free2move provides flexible car-sharing options — both short- and long-term — through vehicle fleets operating in 14 cities spread across Europe and the United States.
Stellantis’ head of business development and partnerships, Virgilio Cerutti, explained the reasoning behind the decision in a prepared statement: “By sharpening our focus on core automotive activities, we strengthen our capacity to deliver long-term performance.”
Free2move has roots going back to 2016, when it was created by PSA, the company behind the Peugeot brand. The service was part of former CEO Carlos Tavares’ broader ambition to expand into mobility services beyond traditional car sales. When Stellantis came together in 2021 following PSA’s merger with Fiat Chrysler, Free2move continued operating as part of the group’s leasing and mobility portfolio.
Mutares, headquartered in Munich, said the deal would give it a foothold in the mobility sector. The firm added that it plans to keep growing the business, including pushing it further toward battery-electric vehicles.
