2021 continues to bring new and modern changes––and the automobile industry is no different. In a move that will help make Fiat Chrysler the fourth largest global automotive manufacturer, shareholders of Fiat Chrysler and PSA Groupe have approved a merger agreement between the two companies. Fiat Chrysler produces the Chrysler, Dodge, Ram, Jeep, Fiat, Alfa Romeo, Maserati, and Lancia auto brands. PSA makes Peugeot, Citroën, DS, Opel, and Vauxhall cars. With the completion of the merger, the operations have come together to form a new company: Stellantis.
Stellantis operations will be mostly in North America and Europe and will include automotive brands like Fiat Chrysler’s Maserati, Jeep and Ram, as well as PSA’s Peugeot, Citroen, and Opel. The merger is expected to help with cost savings and will help to adapt the brand to new challenges such as a shift towards electric and autonomous vehicles. This will also bring PSA car brands to the North American market, something we should expect to see in 2022.
The new logo of “Stellantis” symbolizes the heritage of Stellantis’ founding companies and the diversity of professional backgrounds of their employees in all regions. This along with the name, who’s root “stello” means “to brighten with stars” in Latin, represents optimism, energy and renewal of the company who hopes to be a leader of sustainable mobility.
Shares of Stellantis have begun trading on stock markets in Paris and Milan since Monday, January 18, and on the New York Stock Exchange the following day. The merger requires some final regulatory approvals, the companies said, including those of the European Union and European Central Bank. Stellantis continues by its vision, “to offer freedom of movement with distinctive, affordable and reliable mobility solutions”. They are one of the world’s leading automakers who want to become the greatest, not the biggest––while creating value for the community and everyone involved.