Lucky Motors To Join Hands With Forth Largest Car Maker Stel

27 Mar 2021

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Lucky Motors To Join Hands With Forth Largest Car Maker Stel

Stellantis is the fourth largest car maker around the globe. This year, the merger accompanies FCA with PSA Peugeot. FCA brands include Fiat, Lancia, Chrysler, Dodge, Ram, Jeep, Alfa Romeo and Maserati. While, PSA brands include Peugeot, Citroen, Opel, Vauxhall, and DS Automobiles. The merger offers huge opportunities to provide access to various American brands in Europe and European brands in America.

The Lucky Motors Corporation Limited previously named as Kia Lucky Motors has signed a memorandum with Stellantis to bring Peugeot vehicles in Pakistan. Kia and Peugeot will collaborate with each other and Lucky Motors intends to make an investment around 15 Million dollars to built an assembly unit at their Bin Qasim assembling plant. Remember that the Kia vehicles are also assembled here.

The Lucky Motors has already partnered with Peugeot PSA in 2019 to produce the vehicles locally in Pakistan. But now the PSA has collaborated with Stellantis, the Lucky Motors have to resign with to bring the Peugeot brand to Pakistan. It is a legal requirement for Lucky Motors to resign.

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