PSA/FCA: Fourth-largest automotive group in the world
ALL CLEAR The shareholders of the French manufacturer PSA under Carlos Tavares with the brands Peugeot, Opel, Citroën, DS Automobiles and Alpine have approved the merger with Fiat-Chrysler Automobiles (FCA) by a majority. This was announced by the company after an extraordinary shareholders' meeting. The EU competition regulators had already approved the merger subject to conditions. With the merger under the name [...]
This was announced by the company following an Extraordinary General Meeting. The EU competition regulators had already approved the merger subject to conditions. The merger under the name Stellantis is intended to create the fourth-largest automotive group in the world.
Sales of 170 billion euros before the crisis
FCA and PSA had sold a combined total of about 8.7 million vehicles a year before the Corona crisis and reported sales of 170 billion euros. Volkswagen as number 1, Toyota and in third place the French-Japanese Renault-Nissan group were larger in 2019.
International diversity and professionalism
In early November 2020, PSA and FCA unveiled the official Stellantis logo. It shows a white Stellantis lettering on a blue background and is intended to pick up on the theme of the name. Stello means something like "brighten with stars".
The logo is intended to symbolize the heritage of the founding companies, the strengths of the new group's portfolio of 14 traditional automotive brands, and the diversity and professionalism of its employees in all regions of the world.
Names and logos of well-known brands remain
The new name will be used exclusively at Group level as a corporate brand. The names and logos of the Group's existing brands are to remain unchanged. This means that a Fiat 500, for example, will remain a Fiat 500 in the future.
