Jeep's parent company is committing $33+ billion to software, EV development through 2025

Stellantis, the company formed by the Fiat Chrysler-Groupe PSA merger earlier this year, will invest $33 billion over the next four years in an effort to boost their software-enabled products portfolio.

"Our electrification and software strategies will support the shift to become a sustainable mobility tech company to lead the pack, leveraging the associated business growth with over-the-air features and services, and delivering the best experience to our customers," Stellantis CEO Carlos Tavares said in a press release.

Through the Mobile Drive joint venture between Stellantis and Foxconn, STLA SmartCockpit integrates navigation, voice assistance, e-commerce marketplace and payment services into what the company calls a"customizable third living space."Stellantis Shares Electrified Vehicle Plans for Jeep, Ram, Dodge

The Society for Automotive Engineers defines Level 2 autonomy as driver assist technology that provides hands-on steering and braking/acceleration support to the driver. Level 3 autonomy allows a vehicle to drive itself in limited conditions with software not allowing the technology to work unless all conditions are met.

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