Stellantis may not be a name you recognise, but the international automaker owns names that you definitely do, including Citroen and Fiat.

In a partnership with leading metals recycling company Galloo, Stellantis have announced a ‘Memorandum of Understanding’, detailing their joint vehicle recycling plan. Read on for details.

What is the vehicle recycling plan from Stellantis?

Stellantis have an ambitious Circular Economy Business strategy as part of their Dare Forward 2030 strategic plan – and this end-of-life vehicle recycling scheme promises to be a vital part of that.

This joint venture from Stellantis and Galloo will allow customers to participate in vehicle recycling, as well as the recovery of parts for reuse and remanufacturing. It also contributes to the company’s goal of having 40% green materials in all new vehicles by 2030.

The scheme is planned for a 2023 implementation across France, Belgium, and Luxembourg, with future expansion promised across other geographies. Why? It’s driven by a commitment to reduce their vehicles’ environmental impact.

“Making it easy for customers to recycle their End-of-Life Vehicles is a crucial element to reduce the environmental impact of our vehicles,” explains the Senior VP at Stellantis, Alison Jones. “Returning parts and materials to the value chain preserves scarce resources and helps our drive to reach carbon net zero by 2038. We look forward to implementing the program this year and quickly expanding.””

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If you’re looking for a greener set of wheels, use My Car Credit’s car finance checker to establish the kind of loan or leasing deal you might be able to secure on a more sustainable drive. Alternatively, email one of our team today on enquiries@mycarcredit.co.uk.

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Borrowing £7,500 at a representative APR of 12.4%, annual interest rate (fixed) 12.36%, 47 monthly payments of £196.44 followed by 1 payment of £206.44 (incl. estimated £10 option to purchase fee), a deposit of £0.00, total cost of credit is £1,939.12, total amount payable is £9,439.12.

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