STELLANTIS is the new group name post merger of FCA, Groupe PSA

As both Fiat Chrysler Automobiles N.V. and Peugeot S.A. ("Groupe PSA") move towards the completion of their 50:50 merger as defined in the Combination Agreement announced on December 18, 2019, the two companies have announced that corporate name of the new group will be “Stellantis”.

The name will be used exclusively at the Group level, as a Corporate brand. The next step in the process will be the unveiling of a logo that with the name will become the corporate brand identity. The names and the logos of the Group’s constituent brands will remain unchanged.

As previously stated, completion of the merger project is expected to occur in the first quarter of 2021, subject to customary closing conditions, including approval by both companies’ shareholders at their respective Extraordinary General Meetings and the satisfaction of antitrust and other regulatory requirements.

It may be recalled that barely a few months after rejecting French auto major Groupe Renault as its partner, Fiat Chrysler Automobiles (FCA) had decided to merge with another French automobile major – Groupe Peugeot S.A in the winter of 2019. .

Groupe PSA and FCA had planned to join forces to build a world leader for a new era in sustainable mobility.The proposed combination would create the 4th largest global OEM in terms of unit sales (8.7 million vehicles), with combined revenues of nearly 170 billion Euros. This new merged entity will be owned 50% by Groupe PSA shareholders and 50% by FCA shareholders.

FCA brands include Abarth, Alfa Romeo, Chrysler, Dodge, Fiat, Fiat Professional, Jeep, Lancia, Ram and Maserati. It also sells parts and services under the Mopar name and operates in the components and production systems sectors under the Comau and Teksid brands.

Groupe PSA owns five car brands, Peugeot, Citroen, DS, Opel and Vauxhall and provides a wide array of mobility and smart services under the Free2Move brand. Groupe PSA is also involved in financing activities through Banque PSA Finance and in automotive equipment via Faurecia.

CLICK HERE TO READ: GROUPE PSA, FCA TO MERGE INTO EUROS 170 BILLION AUTO BEHEMOTH

CLICK HERE TO READ: FCA WITHDRAWS MERGER PROPOSAL TO GROUPE RENAULT

STELLANTIS

Stellantis is rooted in the Latin verb “stello” meaning “to brighten with stars”. It draws inspiration from this new and ambitious alignment of storied automotive brands and strong company cultures that in coming together are creating one of the new leaders in the next era of mobility while at the same time preserving all the exceptional value and the values of its constituent parts, a press release issued by FCA said.

It will combine the scale of a truly global business with an exceptional breadth and depth of talent, knowhow and resource capable of providing the sustainable mobility solutions for the coming decades. The name’s Latin origins pay tribute to the rich history of its founding companies while the evocation of astronomy captures the true spirit of optimism, energy and renewal driving this industry-changing merger.