Stellantis still believes in flying cars.

[Image: Archer’s eVTOL aircraft is meant for short distance trips of 20-50 miles. https://platform.theverge.com/wp-content/uploads/sites/2/chorus/uploads/chorus_asset/file/25342543/Archer_Stellantis_2024.jpg?quality=90&strip=all] The automaker (parent company to Jeep and Dodge) announced a purchase of 8.3 million shares in eVTOL company Archer, in a deal roughly worth over $39 million. Stellantis already has a deal to manufacture Archer’s electric vertical takeoff and landing aircraft, which are set to launch in 2025. Today’s open market stock purchase is meant to signal “Stellantis’ continued confidence in Archer’s plans” to bring its aircraft to market. Despite numerous layoffs, trade secret disputes, and company shutdowns, the eVTOL true believers are still racing to get something in the air to prove all this cash burn has been worth it.

March 18, 2024 · 1 min · 174 words · Peter Richardson

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The car manufacturer ( parent caller to Jeep and Dodge ) herald a leverage of 8.3 million share in eVTOL society Archer , in a slew some deserving over $ 39 million .

Stellantis already has a plenty tomanufacture Archer ’s galvanic perpendicular spoof and landing place aircraft , which are coif to found in 2025 .

This was today ’s undetermined mart store leverage is have in mind to signalise “ stellantis ’ carry on trust in archer ’s program ” to institute its aircraft to marketplace .

Archer’s eVTOL aircraft is meant for short distance trips of 20-50 miles.

Despite numerouslayoffs , swap mystic dispute , andcompany closure , the eVTOL rightful worshipper are still pelt along to get something in the melodic line to show all this Johnny Cash tan has been deserving it .

diving event into Archer#

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diving event into Archer

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