INDEX / DIRECTORY / STELLANTIS / ECONOMIC

Stellantis ECONOMIC

ECONOMIC AUDIT UPDATED 2026-10-06
Economic Score 4.18 /10 C Stellantis - Complicity Index 510
Economic 4.18

Evidence-only forensic audit. Scoring happens downstream - see the main dossier for the composite assessment.

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Research date: 6 October 2026 Target: Stellantis N.V. and attributable group activity within the Economic scope

Corporate scope and Israeli-nexus checks

Stellantis N.V. was formed through the January 2021 combination of Fiat Chrysler Automobiles and Peugeot S.A.; the combined company was renamed Stellantis on 17 January 2021. Its principal office is in Hoofddorp, Netherlands.1 no public evidence identified that Stellantis was founded in Israel, is headquartered or principally managed in Israel, holds Israeli tax residence or Preferred Technology Enterprise status, or is beneficially controlled by Israeli capital.1, 2

As of 25 February 2026, Stellantis reported Exor with 15.48% of common shares, Établissements Peugeot Frères with 7.72% and Bpifrance Participations with 6.64%; loyalty voting increased their voting powers to 23.84%, 11.89% and 10.22%, respectively.1 Exor separately reported 15.5% economic and 23.9% voting rights in Stellantis as of 30 June 2026.3

Acquired Israeli operating companies: no public evidence identified. Stellantis’s 2025 Exhibit 8.1 lists its principal subsidiaries and contains no Israeli company.2 Because the exhibit is limited to principal subsidiaries, it is not exhaustive proof that no minor Israeli legal entity exists.

Controlling-principal / major-shareholder exposure: Exor separately reported 17.3% economic and 12.2% voting rights in Via Transportation as of 30 June 2026.4 Via’s 2025 Form 10-K identifies Via Transportation, Inc. as a Delaware corporation headquartered in New York and states that it is a U.S. company with two wholly owned Israeli subsidiaries, Via Transportation Technologies Ltd and Via Mobility Israel Ltd, and more than 250 employees in Israel, mostly in Tel Aviv, primarily supporting engineering, R&D and product development.5 Via also states that its Israeli operations had continued without material interruption and that it generated no revenue from sales to customers in Israel in 2025.5 This is a separate Exor investment; Via is not identified as a Stellantis subsidiary or acquisition.2, 3, 4

Supply Chain & Sourcing Relationships

Direct supplier relationships

No public evidence identified of Stellantis procurement from Mehadrin, Hadiklaim, Galilee Export, Agrexco successors or another named Israeli agricultural aggregator in the reviewed sources.1

A material Israeli technology-supplier relationship was identified. On 21 July 2026, Mobileye announced that select Stellantis vehicles expected from 2027 would integrate its Cloud-Enhanced ADAS using REM Road Experience Management technology.6 Mobileye’s 2025 Form 10-K identifies its principal executive offices and R&D centre in Jerusalem and records approximately 128,000 square metres of owned principal-office space there, together with leased office space in Tel Aviv and elsewhere in Israel.7

Importer-of-record and distributor structure

An undated David Lubinski Group corporate page retrieved on 6 October 2026 states that Lubinski represents Peugeot, Citroën, Opel and DS, all Stellantis brands, in Israel.8 Its history records an exclusive Peugeot import and marketing franchise from 1968 [pre-2020], transfer of the Citroën import/marketing franchise in 1976 [pre-2020], and receipt of the Opel import/marketing franchise in April 2019 [pre-2020].9 Its service directory lists Israeli service locations handling Peugeot, Citroën, Opel and DS vehicles.10 Because the replacement corporate pages are undated, they establish the content publicly presented at retrieval but are not assigned a fabricated 2026 publication date.

Samelet describes itself as an Israeli automotive company and records becoming Alfa Romeo’s official representative in 1991 [pre-2020], taking on FCA brands Jeep, Chrysler, Ram and Dodge in 2016 [pre-2020], and fully integrating Ferrari/Maserati activity in 2019 [pre-2020].11 Samelet’s live corporate site lists Jeep, Chrysler, Alfa Romeo, Fiat, Ram and Maserati among its brands; its Maserati page provides a Samelet Maserati showroom channel, and RAM Israel describes Samelet as the RAM importer in Israel.12, 13, 14 A Samelet vehicle page retrieved during this research listed model-year 2026 Jeep vehicles.15 These live pages are used as retrieval-date brand/channel evidence rather than to infer an undocumented contract commencement date.12, 13, 14, 15 Stellantis’s principal-subsidiary exhibit does not identify Samelet or Lubinski as Stellantis subsidiaries.2

For the Palestinian market, Palestine Automobile Company reported on 1 July 2024 that it opened a sales and service centre in Beit Sahour, Bethlehem Governorate, handling Stellantis Group brands Fiat, Fiat Professional, Chrysler, Jeep, Alfa Romeo, Dodge and Ram.16 Earlier Peugeot Palestine/Autozone pages could not be retained because their public TLS certificate failed independent verification; therefore this audit does not make a current exclusive-agent claim for Autozone.

Seasonal sourcing

No public evidence identified of recurring seasonal procurement from Israeli suppliers. The reviewed Stellantis business is automotive and mobility focused, and the filings reviewed did not disclose the agricultural procurement relationships specified in this audit category.1

Third-party and indirect sourcing

Mobilitech Capital identifies itself as a Tel Aviv-based early-stage mobility fund backed by Dan Transportation Group and Samelet and as a Stellantis Group Scouting Partner.17 A separate Stellantis-Mobilitech challenge page describes Mobilitech as an Israeli boutique early-stage venture fund strategically supported by Samelet and Dan Transportation.18

[2021; >5 years old] On 8 April 2021, the Italian Embassy in Tel Aviv reported an agreement between Stellantis and the Israel Innovation Authority under which FCA Italy, a wholly owned Stellantis subsidiary, would develop sustainable-mobility solutions with Israeli startups. The Authority would help identify relevant technologies and finance their development, while FCA Italy would support scaling, R&D, marketing and other global activities.19 The source does not establish a Stellantis-owned Israeli laboratory.

In September 2024, Morocco World News reported, citing Israeli reporting, that Peugeot 208 vehicles produced at Stellantis’s Kenitra operation in Morocco were expected to be imported to Israel after disruption to Turkish supply.20 Separately, Morocco’s Competition Council documented Stellantis Europe’s July 2024 proposed acquisition of exclusive control over Sopriam, then the Moroccan exclusive importer and distributor of Peugeot, Citroën and DS.21 The Peugeot 208 evidence is retained as a dated report of an expected sourcing route; no shipment quantity or evidence confirming continuation of that specific route into 2026 was identified.20

Product Origin, Labeling & Regulatory Compliance

Settlement-origin products

The September 2025 OHCHR update states that its settlement-business database contains 158 enterprises from 11 countries involved in specified settlement-related activities.22 Targeted searches of that material and A/HRC/59/23 did not surface a positive Stellantis-specific finding in the material reviewed.22, 23 This is a scoped search result and is not presented as exhaustive proof against every possible affiliate spelling or future update.

No public evidence identified in the reviewed sources that Stellantis vehicles or components sold through the documented Israeli or Palestinian channels originate in an Israeli settlement, or that Stellantis operates an owned factory, warehouse or other disclosed facility in a West Bank settlement, East Jerusalem settlement or the occupied Syrian Golan.1, 2, 22

The Beit Sahour centre reported by Palestine Automobile Company is in the occupied West Bank and services Stellantis brands, but the primary source describes a Palestinian sales/service operation and does not identify it as an Israeli settlement.16

Labeling compliance

No public evidence identified of a customs, consumer-protection or country-of-origin enforcement action against Stellantis concerning settlement-origin goods in the reviewed sources.1, 22

Corporate labeling policy

No public evidence identified of a Stellantis policy specifically addressing labeling or sourcing of goods from Israeli settlements or occupied territories in the reviewed sources.1, 22

Investment, Capital & Financial Exposure

Foreign direct investment and physical capital

Stellantis’s 2025 filing describes a manufacturing footprint across North America, Europe, Morocco, Algeria, Türkiye, India and Malaysia, among other locations, without identifying an Israeli manufacturing plant.1 Its principal-subsidiaries exhibit likewise contains no Israeli principal subsidiary.2 no public evidence identified of a Stellantis-owned Israeli factory, data centre, logistics hub or material real-estate holding in the reviewed material.1, 2

The Israeli sales and service channels documented above are presented by Lubinski and Samelet as local importer/representative operations rather than identified Stellantis subsidiaries.8, 11, 12

R&D and innovation centres

The 2021 Israel Innovation Authority arrangement and the Mobilitech relationship establish Israeli startup/technology collaboration and scouting links.17, 18, 19 no public evidence identified of a Stellantis-owned Israeli R&D centre. The Italian Embassy account specifically describes FCA Italy collaborating with Israeli startups; its reference to companies that had opened innovation laboratories in Israel concerns other named Italian companies.19

The July 2026 Mobileye programme is a technology-supply/integration arrangement and does not establish a Stellantis acquisition of Mobileye or a Stellantis-owned Israeli subsidiary.6, 7

Parent and beneficial-ownership flows

Stellantis has no identified corporate parent in its 2025 filing; Exor is its largest disclosed shareholder.1, 3 Exor’s separate Via investment constitutes major-shareholder-level exposure to an enterprise with two Israeli subsidiaries and more than 250 Israeli employees, but that holding is not a Stellantis operating asset.4, 5

Portfolio, sovereign debt and financing the State

No public evidence identified that Stellantis itself holds material Israeli sovereign bonds, an Israel-focused investment fund or a disclosed portfolio of Israeli-domiciled securities. No public evidence identified of Stellantis underwriting or lead-arranging Israeli sovereign debt or Israel Bonds, selling Israel Bonds, providing direct lending or trade-finance facilities to settlement-listed companies or Israeli defence primes, or underwriting Israeli state, military or settlement insurance in the reviewed sources.1, 2

Operational Presence & Market Activity

Market activity

Stellantis’s 2024 Form 20-F defined Israel Zone as Israel and Palestine and reported 22,000 vehicle sales with 8.0% market share in 2022, 21,000 with 7.4% in 2023 and 14,000 with 5.2% in 2024; Maserati was excluded from the regional volumes and market-share figures.24 The filing states that the 2024 regional decline was driven in part by negative sales and market-share performance in Israel.24

Effective 1 January 2025, Stellantis moved Israel and Palestine into its Enlarged Europe reporting perimeter and did not restate prior periods.1 Accordingly, no Israel-only 2025 revenue or unit-sales figure was identified in the 2025 annual filing.1

Physical sales and service footprint

The Lubinski corporate material states that it employs approximately 800 people and maintains a nationwide Israeli sales/service organisation; its service directory lists locations for Peugeot, Citroën, Opel and DS.8, 10 Those employees and sites are identified as Lubinski’s rather than Stellantis employees or Stellantis-owned facilities.8

Samelet’s accessible corporate and brand pages identify Israeli channels for multiple Stellantis brands including Jeep, Fiat, Alfa Romeo, Chrysler, Ram and Maserati.11, 12, 13, 14, 15 These sources identify Samelet as the local operator rather than a Stellantis subsidiary.2, 11

In the West Bank, Palestine Automobile Company reported its July 2024 Beit Sahour centre serving multiple Stellantis Group brands.16

Employment and tax contribution

No Stellantis-specific Israeli workforce total, Israeli corporate-income-tax contribution or Israeli tax-registration disclosure was identified. Lubinski’s approximately 800 employees are attributed by its own page to the Lubinski group and are not counted as Stellantis employees.8

Market positioning

Stellantis’s current reporting treatment places Israel and Palestine within Enlarged Europe from 2025.1 No specific 2026 Stellantis filing language characterising Israel alone as a strategic growth market or regional hub was identified.1

Corporate Structure & Foundational Ties

Founding and incorporation

Stellantis is a Netherlands-based company formed in 2021 from the FCA/PSA combination, rather than an Israeli-founded company.1 No acquired Israeli operating subsidiary was identified in the principal-subsidiary disclosure.2

Headquarters and domicile

Stellantis’s principal office is Taurusavenue 1, Hoofddorp, Netherlands.1 No dual or legacy Israeli headquarters was identified.

State and institutional linkages

The principal Israeli state linkage identified in this audit is the [2021; >5 years old] technology-cooperation arrangement involving the Israel Innovation Authority and FCA Italy, a wholly owned Stellantis subsidiary.19 The Embassy account states that the Authority would support identification and financing of technology development with Israeli startups.19 no public evidence identified of Israeli state equity ownership in Stellantis, an Israeli government-appointed Stellantis director or designation of Stellantis itself as Israeli critical national infrastructure.1

Structural governance features

Stellantis has a loyalty-voting structure that increases the voting power of major shareholders including Exor, Établissements Peugeot Frères and Bpifrance Participations.1 no public evidence identified of a golden share, charter restriction or other governance mechanism tying Stellantis to the Israeli state or Israeli policy objectives.1

Profit Repatriation & Economic Contribution

Revenue attribution

The most specific disclosed regional economic metric remains the combined Israel-and-Palestine Israel Zone volume and market share: 14,000 vehicles and 5.2% in 2024, versus 21,000 and 7.4% in 2023 and 22,000 and 8.0% in 2022.24 Stellantis did not disclose Israel-only revenue in the reviewed filings, and the 2025 reporting reclassification removed the former separate Israel Zone presentation from the MEA table.1

Profit flows

No public evidence identified disclosing contractual wholesale prices, importer margins, Israel-specific Stellantis profit, local corporate tax paid, dividends, royalties or profit-repatriation amounts associated with the reviewed Lubinski, Samelet or Palestine Automobile Company channels.8, 11, 16

Economic-ecosystem role

Stellantis-branded vehicles support Israeli importer/dealer/service activity through Lubinski and Samelet and Palestinian-market activity through Palestine Automobile Company.8, 11, 12, 16 The 2021 Innovation Authority arrangement and Mobilitech relationship connect the group to Israeli mobility-startup technology development and scouting.17, 18, 19 The July 2026 Mobileye programme adds a dated Israeli-linked technology supplier relationship; Mobileye maintains substantial operating facilities in Jerusalem and Tel Aviv.6, 7 no public evidence identified characterising Stellantis itself as a key Israeli employer, national infrastructure provider or sector anchor.

Cross-cutting constructive-notice and settlement checks

Post-19 July 2024 evidence includes the September 2024 report that Peugeot 208 vehicles manufactured in Kenitra were expected to enter Israel.20 Post-November 2024 dated evidence includes Mobileye’s 21 July 2026 Stellantis technology-supply announcement and Exor’s reported 30 June 2026 stakes in Stellantis and Via; Via’s 2025 Form 10-K independently documents its Israeli subsidiaries and workforce.6, 3, 4, 5

Those sources establish commercial, supplier or major-shareholder economic connections with the Israeli economy after the specified cut-offs. They do not themselves establish settlement procurement, settlement production, military procurement or an IDF/defence relationship.6, 22, 5, 20

Separate Palestinian-market activity is documented in the occupied West Bank through the July 2024 Beit Sahour centre.16 no public evidence identified in the reviewed sources that this Palestinian-operated site is an Israeli settlement or that its presence establishes settlement commerce.16

Footnotes

  1. https://www.sec.gov/Archives/edgar/data/1605484/000160548426000021/stellantis-20251231.htm ↩ ↩2 ↩3 ↩4 ↩5 ↩6 ↩7 ↩8 ↩9 ↩10 ↩11 ↩12 ↩13 ↩14 ↩15 ↩16 ↩17 ↩18 ↩19 ↩20 ↩21 ↩22

  2. https://www.sec.gov/Archives/edgar/data/1605484/000160548426000021/exhibit8120251231-subsidia.htm ↩ ↩2 ↩3 ↩4 ↩5 ↩6 ↩7 ↩8 ↩9 ↩10

  3. https://www.exor.com/pages/companies/stellantis ↩ ↩2 ↩3 ↩4

  4. https://www.exor.com/pages/companies/transportation ↩ ↩2 ↩3 ↩4

  5. https://www.sec.gov/Archives/edgar/data/1603015/000160301526000008/via-20251231.htm ↩ ↩2 ↩3 ↩4 ↩5

  6. https://www.mobileye.com/news/mobileye-to-supply-cloud-enhanced-adas-for-select-future-stellantis-vehicles/ ↩ ↩2 ↩3 ↩4 ↩5

  7. https://www.sec.gov/Archives/edgar/data/1910139/000110465926014300/mbly-20251227x10k.htm ↩ ↩2 ↩3

  8. https://stgd.lubinski.co.il/about-us/ ↩ ↩2 ↩3 ↩4 ↩5 ↩6 ↩7

  9. https://stgd.lubinski.co.il/about-us/history/ ↩

  10. https://stgd.lubinski.co.il/services/ ↩ ↩2

  11. https://samelet.com/en/about/ ↩ ↩2 ↩3 ↩4 ↩5 ↩6

  12. https://samelet.com/en/ ↩ ↩2 ↩3 ↩4 ↩5

  13. https://samelet.com/en/brandinfo/mazarati/ ↩ ↩2 ↩3

  14. https://www.ram.com/il/ ↩ ↩2 ↩3

  15. https://samelet.com/virtual-dealership/jeep/ ↩ ↩2 ↩3

  16. https://pac.ps/5049/ ↩ ↩2 ↩3 ↩4 ↩5 ↩6 ↩7

  17. https://www.mobilitech-capital.com/ ↩ ↩2 ↩3

  18. https://www.mobilitech-capital.com/circular-economy-challenge ↩ ↩2 ↩3

  19. https://ambtelaviv.esteri.it/en/news/dall_ambasciata/2021/04/firma-dell-accordo-tra-stellantis-2/ ↩ ↩2 ↩3 ↩4 ↩5 ↩6

  20. https://www.moroccoworldnews.com/2024/09/14299/israel-begins-importing-moroccan-made-cars-amid-turkish-embargo/ ↩ ↩2 ↩3 ↩4

  21. https://conseil-concurrence.ma/en/press-release-from-the-competition-council-regarding-the-economic-concentration-project-concerning-the-acquisition-by-the-company-stellantis-europe-s-p-a-of-the-exclusive-control-of/ ↩

  22. https://www.un.org/unispal/document/business-database-26sep25/ ↩ ↩2 ↩3 ↩4 ↩5 ↩6

  23. https://www.un.org/unispal/document/a-hrc-59-23-from-economy-of-occupation-to-economy-of-genocide-report-special-rapporteur-francesca-albanese-palestine-2025/ ↩

  24. https://www.sec.gov/Archives/edgar/data/1605484/000160548425000013/stellantis-20241231.htm ↩ ↩2 ↩3