Stellantis

Stellantis will be the new name of Italian-American automaker Fiat Chrysler Automobiles and French automaker PSA Group's combined company following completion of a 50-50 merger agreement.[2] Stellantis is rooted in the Latin verb stello meaning "to brighten with stars".[2][3]

Stellantis
Industry
Predecessors
HeadquartersAmsterdam, Netherlands[1]
Area served
Worldwide
Key people
John Elkann (Chairman)
Carlos Tavares (CEO)
Brands
Subsidiaries

Stellantis will be used exclusively as a corporate brand, while the names and logos of the group's constituent brands will remain unchanged following completion of the merger agreement.[2]

The group will unite the following 14 brands (in alphabetical order): Abarth, Alfa Romeo, Chrysler, Citroën, Dodge, DS, Fiat, Jeep, Lancia, Maserati, Opel, Peugeot, Ram and Vauxhall.

History

The process of identifying the new name for the merged company started following the announcement of the $50 billion deal in October 2019.[2] The deal, officially signed in December 2019, is expected to create the world's fourth-largest carmaker by volume and result in an annual cost savings of about €3.7 billion, or $4.22 billion.[2]

The merger is expected to be completed in the first quarter of 2021 following approval by both companies’ shareholders and satisfaction of antitrust and other regulatory requirements.[2]

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References
  1. "Fiat Chrysler And Peugeot Agree On Merger To Create 4th-Largest Carmaker". NPR. 19 October 2019. Retrieved 17 July 2020.
  2. Fiat Chrysler and PSA Group rename merged automaker ‘Stellantis’, Fox Business, 16 July, 2020
  3. Fiat Chrysler to Be Renamed Stellantis After Merger With PSA, Wall Street Journal, 15 July, 2020
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