Stellantis
Stellantis is the name of the company resulting from the merge of Fiat Chrysler Automotive (FCA) and Groupe PSA. The merge was first announced in October 2019 and completed in January 2021.
The word Stellantis derived from the Latin word Stello , meaning to brighten with stars .
Stellantis is one of the biggest automobile group in the world (fourth largest car company calculated by sold vehicles), with 15 different car's brands in his portfolio.
FCA's brands:
- Abarth
- Alfa Romeo
- Chrysler
- Dodge
- Fiat / Fiat Professional
- SRT
- Jeep
- Lancia
- Ram
- Maserati
PSA brands:
- Peugeot
- Citroën
- DS
- Opel
- Vauxhall
The biggest Shareholders of Stellantis are:
- Exor: 14.4%
- Peugeot family: 7.2%
- Bpifrance: 6.2%
- Dongfeng Motor Group: 5.6%
- Tiger Global: 2.4%
- UBS Securities: 1.6%
- The Vanguard Group: 0.96%
As result of the merge, FCA and Groupe PSA will share platforms, powertrains, software and architectures across the various brands, to reduce costs and increase profitability. Carlos Tavares, CEO of Stellantis, said that the new company would create billions of savings in R&D, purchasing and manufacturing, giving the group the ability to launch sister cars of PSA models at relatively low additional cost.
Carlos Tavares announced also that there are no plans to kill, sell or abandon any of the individual brands. Furthermore he reassure workers that no plants would be closed as a consequence of the merger, saying that due to synergies, 5 billion euros are expected to be saved annually, which would act as a shield to protect and increase production levels, rather than drive job cuts.
