Stellantis signs framework deal for Fiat production in Algeria

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MILAN — Stellantis has signed a framework agreement with Algeria to develop activities of its Fiat brand in the county, including for local production of vehicles.

The deal covers a project for the development in Algeria of industrial, after-sales and spare parts activities for Fiat, as well as the development of the automotive sector in the country, Stellantis said in a statement on Thursday.

Stellantis, whose brands include Peugeot, Citroen, Alfa Romeo, Jeep and Opel, did not provide further details about the activities it will start under the agreement.

“The quality of the ongoing discussions makes us confident about the development prospects of the Fiat brand, which will be keen to meet the expectations of Algerian customers,” Stellantis CEO Carlos Tavares said.