12/7/2021, 9:14 AM (Source: TeleTrader)
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Stellantis aims for €20B boost in software revenues

Stellantis N.V. revealed on Tuesday that one of the company's future goals will be to increase annual revenues from "software-enabled product offerings and subscriptions" by around €4 billion by 2026 and by approximately €20 billion by 2030.

Investments in the execution of the carmaker's software and electrification transformation will exceed €30 billion through 2025, according to Stellantis. The company will deploy "three all-new AI-powered technology platforms... starting in 2024."

The number of software engineers the company employs is expected to grow to 4,500 by 2024 in order to achieve "the perfect execution of Stellantis' software ambitions."

Baha Breaking the News (BBN) / MS