Stellantis on Tuesday launched a plan for its business unit dedicated to circular economics, which, to cut through the jargon, is a segment of the company dedicated to sustainability and recycling.
The parent company to brands like Jeep, Dodge, Maserati and Peugeot estimates that the new unit will bring in more than €2 billion in revenues by 2030 and drive the company’s carbon net-zero target by 2038.
The move comes nearly five months after Stellantis pleaded guilty to concealing the amount of pollution created by its diesel engines and agreed to pay $300 million to settle allegations of criminal fraud. Like other automakers that faced similar scandals, such as Volkswagen, Stellantis read the room and charged forward on a more environmentally acceptable path, one that aims to drive value for Stellantis stakeh …
