Stellantis to build U.S. firm Archer’s air taxi, Auto News, ET Auto
Stellantis will also increase its existing stake in Archer through stock purchases in the open market.By Gilles GuillaumeCar maker Stellantis will help build Archer Aviation's electric aircraft Midnight eVTOL and increase its stake in the U.S. company, the two firms said on Wednesday.Industrial firms and new startups are flocking to invest in air taxis, which can take off and land vertically to ferry travellers to airports or on short trips between cities, allowing them to beat traffic.The vertical take-off and landing…