Stellantis Completes Previously Announced Acquisition of First Investors Financial Services Group


Stellantis Completes Previously Announced Acquisition of First Investors Financial Services Group

AMSTERDAM, November 1, 2021 – Stellantis NV (NYSE / MTA / Euronext Paris: STLA) (“Stellantis”) is pleased to announce the completion of the acquisition of F1 Holdings Corp., parent company of First Investors Financial Services Group (“First Investors”) of a group of investors led by Gallatin Point Capital LLC. The acquisition, previously announced on September 1, 2021, was completed today on the terms agreed and within the timeframe indicated at the time of signing.

First Investors, which has been renamed Stellantis Financial Services US Corp., will serve as the basis for Stellantis to develop a full-service captive financial arm. Stellantis Financial Services will provide US customers, dealers and partners with a full range of short- to medium-term financing options, including personal loans, leases and off-plan finance.

“With the acquisition of First Investors, we will rapidly develop a captive financial arm in the United States, offering a full range of products, for the benefit of our customers, dealers, brands and shareholders,” said Philippe De Rovira, Director of subsidiaries for sales finance, used cars, parts and service and the retail network.

“The acquisition of First Investors supports Stellantis’ business growth plan in the United States,” said Richard Palmer, CFO of Stellantis. “This is a key strategic decision to further extend our financial performance and create long-term value for Stellantis shareholders. “

“Improving the customer experience is at the heart of our mission,” said Tommy A. Moore Jr., CEO of Stellantis Financial Services US Corp. range of customers while seeking new emerging growth strategies, including mobility services, to expand our portfolio beyond traditional vehicle sales.

The management team, with an average seniority of 18 years in the financial sector, should remain in place.

About Stellantis

Stellantis is one of the world’s leading automakers and a mobility provider, guided by a clear vision: to deliver freedom of movement with ad reliable mobility solutions. In addition to the Group’s rich heritage and its broad geographic presence, its greatest strengths lie in its sustainable performance, in-depth experience and the varied talents of its employees working around the world. Stellantis is backed by its extensive portfolio of iconic brands, which was founded by visionaries who instilled a passion and competitive spirit into brands that speak to employees and customers alike. Stellantis aspires to be the biggest, not the biggest, while creating added value for all stakeholders as well as the communities in which it operates.

@Stellantis

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For more information, contact:

Valérie GILLOT: + 33 6 83 92 92 96 – [email protected]

Shawn MORGAN: +1 248 760 2621 – [email protected]

[email protected]
www.stellantis.com

Forward-looking statements
This communication contains forward-looking statements. In particular, statements regarding future events and expected results of operations, business strategies, expected benefits of the proposed transaction, future financial and operational results, the expected closing date of the proposed transaction and other aspects. expected results of our operations or results of operations are forthcoming forward-looking statements. These statements may include words such as “may”, “will”, “expect”, “could”, “should”, “intend”, “estimate”, “anticipate”, “believe” , “Stay”, “on track”, “design”, “target”, “objective”, “goal”, “forecast”, “projection”, “outlook”, “outlook”, “plan”, or similar terms. Forward-looking statements are not guarantees of future performance. Rather, they are based on Stellantis’ current state of knowledge, future expectations and projections of future events and are, by their nature, subject to inherent risks and uncertainties. They relate to events and depend on circumstances which may or may not occur or exist in the future and, as such, should not be unduly relied on.

Actual results may differ materially from those expressed in forward-looking statements due to various factors, including: the impact of the COVID-19 pandemic, Stellantis’ ability to successfully launch new products and maintain sales volumes shipping of vehicles; the evolution of global financial markets, the general economic environment and the evolution of the demand for automotive products, which is subject to cyclicality; changes in local economic and political conditions, changes in trade policy and the imposition of global and regional tariffs or tariffs targeted on the automotive industry, the enactment of tax reforms or other changes in laws and regulations fiscal; the ability of Stellantis to develop some of its brands on a global basis; its ability to offer innovative and attractive products; its ability to develop, manufacture and sell vehicles with advanced functionality, including electrification, connectivity and enhanced autonomous driving characteristics; various types of claims, lawsuits, government investigations and other contingencies, including product liability and warranty claims and environmental claims, investigations and lawsuits; significant operating expenses related to compliance with environmental, health and safety regulations; the level of intense competition in the automotive industry, which may increase as a result of consolidation; exposure to funding shortfalls in Stellantis defined benefit pension plans; the ability to provide or organize access to adequate financing for dealers and retail customers and the associated risks associated with the establishment and operations of financial services companies; the ability to access financing to execute Stellantis business plans and improve its business, financial condition and results of operations; a significant malfunction, interruption or security breach compromising the computer systems or electronic control systems contained in Stellantis vehicles; the ability of Stellantis to realize the expected benefits of the joint venture arrangements; disruptions resulting from political, social and economic instability; risks associated with our relationships with employees, resellers and suppliers; cost increases, supply interruptions or shortages of raw materials, parts, components and systems used in Stellantis vehicles; changes in labor and labor relations and changes in applicable labor laws; fluctuations in exchange rates, changes in interest rates, credit risk and other market risks; political and civil unrest; earthquakes or other disasters; and other risks and uncertainties.

All forward-looking statements contained in this communication speak only as of the date of this document, and Stellantis disclaims any obligation to publicly update or revise any forward-looking statements. Further information regarding Stellantis and its business, including factors that could materially affect Stellantis ‘financial results, are included in Stellantis’ reports and filings with the United States Securities and Exchange Commission and the United States. ‘AFM.

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