PARIS -- Stellantis will acquire an equal one-third stake in Symbio, the hydrogen fuel cell joint venture between Michelin and Faurecia, the three companies said.
Faurecia said it would receive 150 million euros ($163 million) from Stellantis in the deal, an amount that would be part of a planned 1 billion euro asset disbursement program.
PSA Group was formerly the majority shareholder in Faurecia before liquidating its stake when it merged with Fiat Chrysler to form Stellantis in 2021.