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Stock impact report

Russian company starts Citroen production at former Stellantis factory [Yahoo! Finance]

DONGFENG MTR GRP UNSP/ADR (DNFGY) 
NASDAQ:AMEX Investor Relations: dfmg.com.cn/en/investorrelations.aspx
Company Research Source: Yahoo! Finance
MOSCOW (Reuters) - Russian company Automotive Technologies on Wednesday said it had started assembling Citroen C5 Aircross models in batches at a plant south of Moscow formerly owned by Stellantis, with the cars set to be sold in dealerships from May. Reuters exclusively reported in February, citing customs data and two people familiar with the matter, that Automotive Technologies had imported at least 42 car kits from China for assembling Citroen models at the plant. Manufactured in China, the kits were produced by China's Dongfeng Motor Group, the data showed. Stellantis reiterated its response to Reuters in February, that it had concluded since Dec. 31, 2023, that it had "lost control of its entities in Russia." "On March 27, batch assembly of Citroen C5 Aircross crossovers started at the factory in Kaluga," Automotive Technologies said in a statement. "The cars will arrive in the salons of official Citroen dealers in May 2024, but it's possible to book a car as soon as Ap Show less Read more
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