Stellantis and officially. FCA and PSA are now one company

It is now a fact, the merger of FCA with PSA was completed and Stellantis was created. As the two companies state in their joint statement:

The merger between Peugeot SA and Fiat Chrysler Automobiles NV, which creates Stellantis NV, took effect today.

The result of the € 38 billion merger is the creation of the Stellantis Group, which becomes the fourth largest carmaker in the world by volume and the third largest by turnover.

It will also be the second largest carmaker in Europe, which means that almost one in two passenger cars sold in Europe will come from either Stellantis or the Volkswagen Group.

Under the roof of Stellantis there are now 14 brands, among them Abarth, Alfa Romeo, Fiat, Jeep, Dodge, Ram, Maserati, Chrysler, Lancia, Peugeot, Citroen, Opel and DS.

Stellantis is headquartered in the Netherlands and its common stock will be traded on the Mercato Telematico Azionario in Milan and at Euronext in Paris from Monday 18 January 2021, but also on the New York Stock Exchange from Tuesday 19 January.

In the relevant news, there may not be a return of Peugeot to the US market, since the people of Stellantis believe that it will cut sales from other brands of the company.


Source: Autoblog.gr by www.autoblog.gr.

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