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Press release 5 February 2016 - ArcelorMittal today announces it has sold its 35% stake in Gestamp Automoción ("Gestamp") to the majority shareholder, the Riberas family, for a total cash consideration of €875m. Aditya Mittal, CEO of ArcelorMittal Europe and group CFO, said: "The sale of our stake in Gestamp unlocks substantial value for ArcelorMittal’s shareholders and is consistent with our stated strategy of portfolio optimisation. Most importantly, our major supplier relationship with Gonvarri and Gestamp is unaffected by this transaction and we will continue to work together to supply automotive OEMs with world-class automotive steel products."

On its website, the Hyundai-Kia group proudly states they have made intensive use of advanced high strength steels (AHSS) and hot-stamped steels in the latest generation of their most popular models. These modern steels contribute in many ways to the pleasure of driving Hyundai and Kia cars.

The 2016 North American International Auto Show (NAIAS) reminds us of the opportunities ahead for steel and ArcelorMittal, the world’s leading supplier of automotive steel.

Today’s car buyers are savvier than ever. When making a purchasing decision, affordability and reliability have always been key factors, but environmental impact is one factor that’s increasingly shaping their purchase decisions.

Automotive Megatrends India brings together the key players of the passenger car and commercial vehicle industries of today with the innovators and game-changers of the lightweight, efficient, connected automotive world of tomorrow in Pune, India. At the Megatrends India conference Frederic Painchault - head of automotive marketing and business development - presents ArcelorMIittal's global ‘Steel solutions to answer CO2 and Crash regulations challenges’.

ArcelorMittal powers Formula Student entry with iCARe® electrical steels

Environmentally friendly coating ensures new cars shine brightly