Stellantis
Stellantis N.V. is a multinational automotive manufacturer with its headquarters in Amsterdam, the Netherlands,[4][5] which was formed by the merger of Groupe PSA and Fiat Chrysler Automobiles on the basis of a 50-50 cross-border merger agreement.[4] The group has a wide portfolio of automotive brands: Abarth, Alfa Romeo, Chrysler, Citroën, Dodge, DS Automobiles, Fiat, Fiat Professional, Jeep, Lancia, Maserati, Opel, Peugeot, Ram Trucks and Vauxhall Motors. The name Stellantis is exclusively used to identify the corporate entity, while group brand names and logos remain unchanged.[4]
The company has 400,000 employees, a presence in more than 130 countries with manufacturing facilities in 30 countries.[6] The group plans to have 39 electrified vehicles available by the end of 2021.[7]
 | |
| Type | Public (N.V.) |
|---|---|
| Industry |
|
| Predecessors | |
| Founded | 16 January 2021 |
| Headquarters | Amsterdam, Netherlands[1] |
Area served | Worldwide |
Key people |
|
| Products | Automobiles, commercial vehicles, auto parts, production systems |
| Brands | |
| Owners |
|
Number of employees | 400,000[3] |
| Divisions | |
| Subsidiaries | |
| Website | www |
In early 2019, FCA sought a merger with French automaker Renault, and reached a provisional agreement with the company.[8] Objections from the French government during negotiations led to the abandonment of the deal; The Economist reported that "for FCA this portended future interference."[9] Nissan also had various concerns of the impact of the proposal on its alliance with Renault.[9]
Subsequently, FCA approached PSA. The merger, officially agreed in December 2019, was to create the world's fourth-largest carmaker by global vehicle sales with expected annual cost savings of €3.7 billion, or approximately $4.22 billion.[4]
On 21 December 2020, the European Commission announced its approval of the merger, while imposing minimal remedies in order to ensure competition in the sector.[10]
The merger was approved on 4 January 2021 by the shareholders of both FCA N.V. and Peugeot S.A. and the deal completed on 16 January 2021. Common shares of the new company began trading on the Milan Stock Exchange (MTA) and Euronext Paris on 18 January 2021 and on the New York Stock Exchange on 19 January 2021, in each case under the ticker symbol "STLA".[11][12][13]
As of 2021 the brand portfolio of Stellantis is:
| Brand | Founded | Brand CEO | Positioning[14] | Previous Group |
|---|---|---|---|---|
 Jeep | 1941 | Christian Meunier | Global SUV | Fiat Chrysler Automobiles |
| 1925 | Timothy Kuniskis | American brands | ||
| 1914 | ||||
| 2010[nb 1] | Michael Koval | |||
| 1899 | Olivier François | Core | ||
| 1949 | ||||
| 1906 | Luca Napolitano | Premium | ||
| 1910 | Jean-Philippe Imparato | |||
| 1914 | Davide Grasso | Luxury | ||
| 1919 | Vincent Cobée | Core | Groupe PSA | |
| 1882 | Linda Jackson | Upper mainstream | ||
| 1862 | Michael Lohscheller | |||
| 1903 | ||||
| 2014[nb 2] | Béatrice Foucher | Premium |
Following the 50% FCA and 50% PSA merger, the owners are:[15]
- Exor N.V.: 14.40%
- Group-owned stock: 12.59%
- Peugeot family: 7.20%
- Caisse des dépôts et consignations: 5.66%
- Dongfeng Motor Corporation: 4.91%
- UBS Securities: 4.88%
- BlackRock: 3.57%
- The Vanguard Group: 2.67%[16]
- ^ "Fiat-Chrysler & Peugeot Agree on Merger to Create 4th-Largest Carmaker". NPR. 19 October 2019. Retrieved 17 July 2020.
- ^ https://money.cnn.com/quote/shareholders/shareholders.html?symb=FCAU&subView=institutional
- ^ "Stellantis Surges in Trading Debut After Fiat-PSA Merger". Bloomberg.com. 18 January 2021. Retrieved 19 January 2021.
- ^ a b c d Fiat Chrysler and PSA Group rename merged automaker ‘Stellantis’, Fox Business, 16 July 2020
- ^ Fiat Chrysler to Be Renamed Stellantis After Merger With PSA, Wall Street Journal, 15 July 2020
- ^ "Overview | Stellantis". www.stellantis.com. Retrieved 19 January 2021.
- ^ "Stellantis: Building a world leader in sustainable mobility | Stellantis". www.stellantis.com. Retrieved 19 January 2021.
- ^ "Fiat Chrysler proposes 50-50 merger with Renault". TechCrunch. Retrieved 27 May 2019.
- ^ a b "Braking bad: A merger of Fiat Chrysler Automobiles and Renault is no more". The Economist. London. 8 June 2019. Retrieved 16 February 2021.
- ^ "Mergers: Commission approves the merger of Fiat Chrysler Automobiles N.V. and Peugeot S.A., subject to conditions" (Press release). European Commission. 21 December 2020.
- ^ "Fiat Chrysler and Peugeot shareholders vote to merge, creating world's fourth-largest car maker". NBC News. Retrieved 4 January 2021.
- ^ Noble, Breana. "Stellantis merger to close on Jan. 16 after PSA, FCA shareholders approve". The Detroit News. Retrieved 5 January 2021.
- ^ "The merger of FCA and Groupe PSA has been completed" (PDF). Retrieved 16 January 2021.
- ^ "Appointment of the Top Executive Team to steer Stellantis | Stellantis". www.stellantis.com. Retrieved 19 January 2021.
- ^ "Stellantis Information on Euronext". Euronext. Retrieved 23 January 2021.
- ^ https://money.cnn.com/quote/shareholders/shareholders.html?symb=FCAU&subView=institutional
- Official website
- STELLANTIS: The name of the new group resulting from the merger of FCA and Groupe PSA, joint press release of FCA and PSA
Retrieved from "https://en.wikipedia.org/w/index.php?title=Stellantis&oldid=1008496155"