Stellantis Weighs Full Exit From Comau as One Equity Partners Positioned for Complete Takeover

Stellantis may be preparing to fully divest from industrial automation firm Comau, potentially handing complete ownership to One Equity Partners, according to a report from Corriere della Sera. The newspaper did not cite its sources but noted that the automaker holds the contractual right to sell its remaining 49.9% stake beginning in 2027.

One Equity Partners acquired a majority stake in Comau last year. While the report offered no specific timeline for a follow-on transaction, both Stellantis and One Equity hold options that could trigger a full transfer of ownership within the next several years. If completed, the move would represent another step in Stellantis’s broader strategy to streamline its portfolio and concentrate resources on its core automotive operations.

The potential exit from Comau aligns with Stellantis’s ongoing push to simplify its industrial footprint while prioritizing higher-margin brands and strategic product segments. Jeep and Ram remain central to the company’s North American turnaround efforts, and Stellantis has been recalibrating its investment approach in automation and electrification.

The automaker is simultaneously advancing its electric vehicle portfolio, including the all-electric Jeep Recon. Expected to launch in 2026 with a starting price of roughly $65,000, the Recon is positioned as a trail-rated EV offering aimed at off-road enthusiasts; a key demographic for the Jeep brand.The report on a possible Comau divestiture comes as Stellantis continues to make broader strategic adjustments:

• Electrification Flexibility: The company has advocated for a more gradual transition toward full electrification and has pushed back against the EU’s planned 2035 ban on internal combustion engines, calling for a more flexible regulatory approach.
   
• Sales Recovery: Stellantis recorded a notable rebound in U.S. sales and shipments during the third quarter of 2025, a recovery following a challenging first half of the year marked by a net loss. Product refreshes, including the reintroduced hybrid Jeep Cherokee and V-8 Ram trucks, helped fuel the improvement.

While investor sentiment remains mixed, the company’s recent operational recovery has contributed to cautious optimism about its turnaround trajectory.No formal announcement has been made by Stellantis or One Equity Partners regarding the possible sale of the remaining Comau stake. However, with contractual rights opening in 2027, discussions and strategic planning appear to be underway.

A full exit would mark Stellantis’s departure from the industrial automation business it once controlled entirely… and further sharpen its focus on core automotive, electrification strategy, and brand-driven growth.

About Stellantis N.V.

Stellantis N.V. (NYSE: STLA) is one of the world’s largest automotive manufacturers, formed in 2021 through the merger of Fiat Chrysler Automobiles (FCA) and Peugeot S.A. (Groupe PSA). Headquartered in Amsterdam, the company operates a global portfolio of well-known brands, including Jeep, Ram, Dodge, Chrysler, Fiat, Alfa Romeo, Maserati, Peugeot, Citroën, and Opel/Vauxhall. Stellantis designs, manufactures, and distributes a broad range of vehicles across North America, Europe, South America, and other international markets.

The company is pursuing a long-term strategy focused on electrification, software-defined vehicles, and operational efficiency. Its product roadmap includes battery-electric vehicles, plug-in hybrids, and next-generation platforms under its Dare Forward 2030 strategy. Stellantis also continues to invest in technology partnerships, charging infrastructure, and mobility solutions as it transitions toward a lower-emissions future.