What is Stellantis, the car group you haven’t heard of, but from which you will soon buy cars

The USA recorded the very best variety of coronavirus deaths in a day since April

They concern that the Thanksgiving celebration has elevated the instances. Document of hospitalized for Covid-19.The USA recorded greater than 2,500 deaths from coronavirus...

California deadly ship fireplace captain charged 34 occasions with manslaughter

The captain of The Conception, the ship that caught fireplace off the California coast in September final yr, has been Prosecution charged a complete...

Slovak oligarch arrested in investigation into homicide of journalist Kuciak

Slovak police on Tuesday arrested one of many richest and strongest males within the nation in reference to the homicide of 27-year-old investigative journalist...

Amnesty Worldwide denounces that Egypt has executed twice as many prisoners in two months as in all of 2019

The group Amnesty Worldwide (AI) stated on Wednesday that the Egyptian authorities executed within the months of October and November nearly twice as many...

Germany bans protest towards covid-19 measures

The authorities of the German metropolis of Bremen have banned a manifestation organized for subsequent December 5 towards the insurance policies adopted by...

Specialists in the automotive industry have been talking for a long time about the fact that the field needs consolidation. It is, perhaps, the only strategy by which some brands can withstand the market in a fierce competition and with a clear direction towards electric. That’s how Stellantis came about.

The car industry is looking to consolidate, and smaller or larger brands even prefer to clash with rivals rather than disappear from the market. The future is now drawn by electric and hybrid, but the moment when the market will inevitably move to autonomous models is not far away.

So did Stellantis, which became the fourth largest car group in the world. It is, in fact, the entity resulting from the merger between the Fiat Chrysler (FCA) groups and the French group PSA – that is, the owner of the Peugeot, Opel and Citroen brands.

Stellantis, the new giant in the car industry

The new carmaker created by the merger of the groups will be called Stellantis, a name inspired by the Latin word “stello”, which means “star-lit”. The two car companies announced that the name was chosen following a joint decision-making process. Stellantis will be the name of the company created and will not appear on the grid of any model, being the name of the new manufacturer at the corporate level.

The name is now official – European Union antitrust regulators have approved the merger between Fiat Chrysler Automobiles (FCA) and French group PSA, after carmakers pledged to meet the industry’s double challenge: financing environmentally friendly vehicles and the coronavirus pandemic (Covid-19), writes Reuters.

Peugeot-Citroen and Fiat Chrysler completed their merger plans in December 2019 and estimate that the process will be completed in the first quarter of 2021. The CEO of Peugeot Citroen, Carlos Tavares, has been appointed CEO of Stellantis for a period of 5 years. .

Stellantis will be in the top three manufacturers worldwide, with deliveries of 8.7 million vehicles worldwide. The group will contain 13 brands, including Peugeot, Citroën, Opel, Dodge and Jeep.


Related Articles