Stellantis

Stellantis N.V. is a multinational automotive manufacturing corporation headquartered in Amsterdam, Netherlands,[4][5] which was formed by the merger of French automaker Groupe PSA and Italian-American automaker Fiat Chrysler Automobiles (following completion of a 50-50 merger agreement).[4] The group includes 16 brands: Abarth, Alfa Romeo, Chrysler, Citroën, Dodge, DS, Fiat, Fiat Professional, Jeep, Lancia, Maserati, Mopar, Opel, Peugeot, Ram and Vauxhall. The name Stellantis is exclusively in use as a corporate brand, while its brands' names and logos remain unchanged.[4]

Stellantis N.V.
TypePublic (N.V.)
Industry
Predecessors
Founded16 January 2021 (2021-01-16)
HeadquartersAmsterdam, Netherlands[1]
Area served
Worldwide
Key people
ProductsAutomobiles, commercial vehicles, auto parts, production systems
Brands
Owners
Number of employees
400,000[3]
Divisions
Subsidiaries
Websitewww.stellantis.com

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]

History

In early 2019, FCA sought a merger with French group Renault, and reached a provisional agreement with the company.[8] However, the French government did not support this agreement and the proposal was withdrawn.

Subsequently, FCA approached PSA. The merger, officially agreed in December 2019, created the world's fourth-largest carmaker by volume and was expected to result in an annual cost savings of about €3.7 billion, or $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.[9]

The merger was confirmed on 4 January 2021, after a vote of shareholders from both companies and the deal completed on 16 January 2021. The combined company began trading its common shares on the Italian Bourse and Euronext Paris on 18 January 2021, while the listing on the New York Stock Exchange occurred on 19 January 2021, in each case under the ticker symbol "STLA".[10][11][12]

Structure

As of 2021 the brand portfolio of Stellantis is:

Brand Founded Brand CEO Positioning[13]
Jeep1941Christian Meunier Global SUV
Chrysler1925Timothy Kuniskis American brands
Dodge1914Timothy Kuniskis
RAM2010[nb 1]Michael Koval
Mopar1937Timothy Kuniskis
Fiat/Fiat Professional1899Olivier François Core
Abarth1949
Citroën1919Vincent Cobée
Peugeot1882Linda Jackson Upper mainstream
Opel1862Michael Lohscheller
Vauxhall1903
Alfa Romeo1910Jean-Philippe Imparato Premium
DS Automobiles2014[nb 2]Béatrice Foucher
Lancia1906Luca Napolitano
Maserati1914Davide Grasso Luxury

Ownership

Following the 50% FCA and 50% PSA merger, the owners are:[14]

References
  1. spun-off from Dodge brand
  2. spun-off from Citroën brand
  1. "Fiat-Chrysler & Peugeot Agree on Merger to Create 4th-Largest Carmaker". NPR. 19 October 2019. Retrieved 17 July 2020.
  2. https://money.cnn.com/quote/shareholders/shareholders.html?symb=FCAU&subView=institutional
  3. "Stellantis Surges in Trading Debut After Fiat-PSA Merger". Bloomberg.com. 18 January 2021. Retrieved 19 January 2021.
  4. Fiat Chrysler and PSA Group rename merged automaker ‘Stellantis’, Fox Business, 16 July 2020
  5. Fiat Chrysler to Be Renamed Stellantis After Merger With PSA, Wall Street Journal, 15 July 2020
  6. "Overview | Stellantis". www.stellantis.com. Retrieved 19 January 2021.
  7. "Stellantis: Building a world leader in sustainable mobility | Stellantis". www.stellantis.com. Retrieved 19 January 2021.
  8. "Fiat Chrysler proposes 50-50 merger with Renault". TechCrunch. Retrieved 27 May 2019.
  9. "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.
  10. "Fiat Chrysler and Peugeot shareholders vote to merge, creating world's fourth-largest car maker". NBC News. Retrieved 4 January 2021.
  11. Noble, Breana. "Stellantis merger to close on Jan. 16 after PSA, FCA shareholders approve". The Detroit News. Retrieved 5 January 2021.
  12. "The merger of FCA and Groupe PSA has been completed" (PDF). Retrieved 16 January 2021.
  13. "Appointment of the Top Executive Team to steer Stellantis | Stellantis". www.stellantis.com. Retrieved 19 January 2021.
  14. "Stellantis Information on Euronext". Euronext. Retrieved 23 January 2021.
  15. https://money.cnn.com/quote/shareholders/shareholders.html?symb=FCAU&subView=institutional
This article is issued from Wikipedia. The text is licensed under Creative Commons - Attribution - Sharealike. Additional terms may apply for the media files.