As of this morning, January 16, the long-awaited Stellantis merger between Peugeot S.A. (PSA Group) and Fiat Chrysler Automobiles N.V. (FCA) is official, effective immediately. Stellantis’ common shares will begin trading on the Paris and Milan stock exchanges starting next Monday, January 18, and on the New York exchange on Tuesday, January 19. See: Italian Government […]
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Shareholders approved the merger between Fiat Chrysler Automobiles and Groupe PSA yesterday, and everything is set to be wrapped up on January 16th. Once that occurs, Stellantis will become one of the largest automakers in the world as they’ll have 14 brands which range from mainstream to luxury and performance. However, not all brands are […]
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Poor sales in Europe and weakness in China would have resulted in Stellantis being the world’s 6th largest carmaker in 2020, instead of the 4th largest. FCA and PSA’s assertion that their combined efforts would result in the inception of the world’s fourth-largest car company was based on vehicle sales from 2019, as per Autonews […]
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The PSA Group’s top shareholders have given their approval for the carmaker’s merger with Fiat Chrysler Automobiles, thus forming Stellantis. The deal was backed by more than 99% of votes cast by investors with double voting rights, with the Peugeot family and China’s Dongfeng Motor both agreeing to terms. “We are ready for this merger,” […]
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The merger between Fiat Chrysler Automobiles and Groupe PSA cleared one of its final hurdles earlier this month, but the companies are now facing a last minute objection from Walter P. Chrysler’s great-grandson. As part of his alternative buyout proposal, Frank B. Rhodes Jr suggests the merged entity not adopt the widely mocked Stellantis name. […]
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Fiat Chrysler Automobiles and Groupe PSA have received an early Christmas present as the European Commission has signed off on their merger. In an announcement, the Commission said the decision came after an “in-depth investigation” which saw them gather “extensive information and feedback from competitors and customers of the merging companies.” While the Commission had concerns […]
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The impact of the COVID-19 pandemic continues to leave its mark on the automotive industry, as in the first 11 months of the year new passenger car registrations dropped by 25.5 percent in the European Union. Sales plummeted from almost 12 million to around 9 million from January to November compared to the same period […]
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Fiat Chrysler Automobiles and the PSA Group are reportedly pushing to finalize their merger ahead of schedule due to disruptions in the car industry. Their goal is to have everything sorted out by the end of January 2021, as per people familiar with the matter. With EU antitrust approval expected by the end of this […]
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The merger between FCA and PSA that will form the Stellantis group will lead to the creation of the world’s 4th larger global automotive manufacturer by volume and is expected to spawn a plethora of parts-sharing new models. As the costs of developing and manufacturing electric vehicles continues to drop, it’s possible that Stellantis will […]
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The three-year legal dispute between Citroen and Polestar has resulted in a French court temporarily banning the latter’s logo. As we have reported earlier, Citroen claims that the logo of Polestar is too similar to its own double chevron badge and that of its premium DS brand. The French carmaker first asked parent company Volvo […]
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