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In July 2020, the merger officially got the Stellantis name and designated PSA head honcho Carlos Tavares as the new company's CEO for the first five years.. The merger between Groupe PSA and FCA has been finalised creating the worlds fourth largest manufacturer by volume. Stellantis wants to lead the EV pack | Automotive World. STELLANTIS: The name of the new group resulting from the merger of FCA and Groupe PSA In a major step as they move towards the completion of their 50:50 merger as defined in the Combination Agreement announced on 18 December 2019, Peugeot S.A. ("Groupe PSA") and Fiat Chrysler Automobiles N.V. ("FCA") (NYSE: FCAU / MTA: FCA) today announce that the corporate name of the Communication FCA /Handout via REUTERS. Fiat Chrysler Automobiles N.V. (FCA) (NYSE: FCAU / MTA: FCA) and Peugeot S.A. (Groupe PSA) announce the composition of the Board of Directors of Stellantis, the new company that will result from the combination of their respective businesses. Stellantis. PSA Group and Fiat Chrysler Automobiles (FCA) have officially merged to create Stellantis, bringing together 14 vehicle brands across the globe. Shareholders of French automaker PSA have voted to approve a merger with the US-Italian group Fiat Chrysler, a move that catapults the new company, "Stellantis", into the fourth position of the world's carmakers by volume. Shareholders approved the merger between Fiat Chrysler Automobiles and Groupe PSA yesterday, and everything is set to be wrapped up on January 16th. Since the Stellantis merger in January, Tavares has visited a total of four U.S. plants, including the Detroit Assembly Complex Jefferson and Mack plants, and the Toledo Assembly Complex. Following completion of the merger, the former FCA and PSA businesses initially continued to apply their own existing codes of conduct, up to the adoption by the Stellantis Board of Directors of the new code of conduct for Stellantis (the Stellantis Code of Conduct) at its meeting on March 2, 2021. PSA. (Although a minivan called the Stellantis Pacifica is almost so bad its good. According to the press release, the FCA and PSA merger will be finalized on January 16, 2021. Fiat Chrysler Automobiles N.V. (FCA) (NYSE: FCAU / MTA: FCA) and Peugeot S.A. (Groupe PSA) announce that their respective shareholders meetings, held today, approved the merger of FCA and Groupe PSA to create Stellantis N.V. (Stellantis) by an overwhelming majority (with more than 99% of the votes cast in favor of the transaction). It comes from the Latin verb stello, which means to brighten with stars. By Xavier Boucherat. The Boards of both FCA and Groupe PSA are more than ever convinced of the logic and extraordinary value creating potential of their merger. While there are a number of major auto companies out there with several brands, Stellantis really stands out since it owns 14 brands. Stellantis was created on Saturday with the completion of the merger between FCA and PSA. Carlos Tavares, former PSA boss, will run the newly formed company as CEO, while other managerial positions will be confirmed in the coming days. Stellantis Stellantis. FCA and PSA have said Stellantis can cut costs by FCA and PSA makes and vehicles will retain their current branding, leaving the Stellantis Group as the umbrella for the two conglomerates. LATEST CORPORATE NEWS. The event will also cover the merger of FCA and PSA. Fiat Chrysler Automotive (FCA) and Groupe PSA first announced a merger in October 2019 and now, the two automobile conglomerates have completed their merger to become Stellantis. What Brands Does Stellantis Own? FCA (Fiat Chrysler Automobiles) and Groupe PSA (Peugeot) are in the middle of a 50/50 merger, and FCAPSA is frankly just a salad of letters, so the Merged FCA and PSA to be known as Stellantis. It's the name the combined company between Fiat Chrysler Automobiles NV Pricing problems The merger between Groupe PSA and FCA has been finalised creating the worlds fourth largest manufacturer by volume. A spokesman for FCA said, "As we have always made clear, Stellantis will be the result of a 50:50 combination of FCA and Groupe PSA." On Saturday, Jan. 16, FCA and PSA officially finalized the anticipated $52 billion merger to create Stellantis, the fourth largest automaker in the world. PSA's boss Carlos Tavares has become CEO of Stellantis, while FCA's boss, John Elkann, is the chairman. FCA and PSA (now Stellantis) finalized their merger plans in December 2019 and anticipated the entire undertaking to be complete in the first quarter of 2021. As the CTO of Stellantis, reporting to the CEO Carlos Tavares, Ned will manage all FCA to change name to Stellantis after merger with PSA in 2021. Nov 22nd 2020 at 12:00PM. He says Stellantis, formed by a merger of Fiat Chrysler and PSA Peugeot of France, is working to get chips from several suppliers and is even redesigning vehicles to London, January 16, 2021. Stellantis is actually the company name for the merged groups of FCA (Fiat Chrysler Automobiles) who owned Abarth, Alfa Romeo, Fiat, Lancia, Maserati, Chrysler, Dodge, Jeep, and Ram, and the PSA group who owned Peugeot, Citroen, DS, Vauxhall, and Opel. 29/09/2020 Groupe PSA and FCA announce Stellantis Board membership. PSA and FCA have said Stellantis can cut its combined annual costs by 5 billion euros without any plant closures. 17/09/2020 Shareholders agree 6-month lock-up on Faurecia shares. 121KB. MILAN Fiat Chrysler and PSA sealed their long-awaited merger on Saturday to create Stellantis, the world's fourth-largest auto group with deep enough pockets to The merger of FCA and Groupe PSA has been completed . In November 2020, the official Stellantis logo was unveiled. "The merger of PSA and FCA is a fantastic shield against social problems in the two companies," Tavares said during his first news conference Stellantis CEO Carlos Tavares toured the Warren (Mich.) Truck Assembly Plant to meet with employees and get a firsthand look at the operation on July 19, 2021. Fiat Chrysler Automobiles N.V. (FCA) (NYSE: FCAU / MTA: FCA) and Peugeot S.A. (Groupe PSA) have today signed a binding Combination Agreement providing for a 50/50 merger of their businesses to create the 4 th largest global automotive OEM by volume and 3 rd largest by revenue. Stellantis CEO Carlos Tavares toured the Warren (Mich.) Truck Assembly Plant to meet with employees and get a firsthand look at the operation on July 19, 2021. Shareholders from Groupe PSA and Fiat Chrysler Automobiles (FCA) have voted in favour of a merger to form OEM super group Stellantis.. As of this morning, January 16, the long-awaited Stellantis merger between Peugeot S.A. (PSA Group) and Fiat Chrysler Automobiles N.V. (FCA FCA and PSA officially merge into Stellantis. As of May 2021, Stellantis is the sixth-largest automaker worldwide. (PSA-FCA plan to retain all brands after merger.) FCA and PSA have said Stellantis can cut annual costs by over 5 billion euros ($6.1 billion) without plant closures, and investors will be keen for more details on how it will do this.
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