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Stellantis N.V. is a multinational automotive manufacturing corporation formed in 2021 on the basis of a 50-50 cross-border merger between the Italian-American conglomerate Fiat Chrysler Automobiles and the French PSA Group. The company is headquartered in Amsterdam, Netherlands. As of May 2021[update], Stellantis is the sixth-largest automaker worldwide, after Volkswagen Group, Toyota, the Renault–Nissan–Mitsubishi Alliance, General Motors, and Hyundai Motor Group. The company is listed on Milan's Borsa Italiana, on Euronext Paris and on the New York Stock Exchange.

Stellantis N.V.
TypePublic (N.V.)
Industry
Predecessors
Founded16 January 2021; 12 months ago (2021-01-16)
Headquarters,
Area served
Worldwide
Key people
ProductsAutomobiles, commercial vehicles, auto parts, production systems
Brands
Owners
Number of employees
c. 300,000 (2021)
Subsidiaries
List
Websitestellantis.com
Footnotes / references

The principal activity of Stellantis is the design, development, manufacture and sale of automobiles bearing its 15 brands of Abarth, Alfa Romeo, Chrysler, Citroën, Dodge, DS, Fiat, Fiat Professional, Jeep, Lancia, Maserati, Opel, Peugeot, Ram and Vauxhall, and Mopar auto parts. At the time of the merger, Stellantis had 300,000 employees, a presence in more than 130 countries with manufacturing facilities in 30 countries.

Contents

The name comes from the Latin verb stello. It means "of (him/her/it that) brightens with stars".

In early 2019, Fiat Chrysler Automobiles (FCA) sought a merger with French automaker Renault, and reached a provisional agreement with the company. However, the behaviour of the French government during negotiations led to the abandonment of the deal; The Economist reported that "for FCA this portended future interference." Nissan also had various concerns of the impact of the proposal on its alliance with Renault.

Subsequently, FCA approached PSA. The merger, officially agreed in December 2019, was to create the world's fourth-largest carmaker by global vehicle sales with expected annual cost savings of €3.7 billion, or approximately $4.22 billion.

On 21 December 2020, the European Commission announced its approval of the merger, while imposing minimal remedies to ensure competition in the sector.

The merger was approved on 4 January 2021 by the shareholders of both FCA and PSA and the deal completed on 16 January 2021. Common shares of the new company began trading on the Milan Stock Exchange (MTA) and Euronext Paris on 18 January 2021 and on the New York Stock Exchange on 19 January 2021, in each case under the ticker symbol "STLA".

International Financial Reporting Standards, or IFRS, mandate the identification of the company acting as the acquirer and the company being acquired. “Based on the assessment of the indicators under IFRS 3 accounting standard and consideration of all pertinent facts and circumstances, FCA and PSA’s management determined that Peugeot S.A. is the acquirer for accounting purposes.” The filing notes the Stellantis board will have 11 directors, six from PSA and five from Fiat Chrysler. Additionally, the new company's first CEO, who is vested with the full authority to individually represent Stellantis, is Carlos Tavares, the former president of the PSA managing board as well as former CEO of PSA Group. He will also have a five-year term as Stellantis CEO. PSA shareholders have also paid a pre-merger premium to FCA shareholders. However, Exor, the Agnelli family company that was the largest shareholder of FCA, will hold the largest stake in Stellantis with 14.4 percent. The merger agreements allow the Peugeot family to further increase its current 7.2% stake in Stellantis by up to an additional 1.5% by acquiring shares from France's state lender Bpifrance, from Dongfeng or on the market.

The name Stellantis is exclusively used to identify the corporate entity, while group brand names and logos remain unchanged.

In 2021 CEO Carlos Tavares issued a challenge for the group's brands to prove themselves within a 10-year window, in exchange for much-needed investment in new models and technology.

The group plans to have 39 electrified vehicle models available by the end of 2021. There are four EV platforms planned to be developed by the end of the 2020s. Overall, the company announced more than €30bn will be invested by the end of 2021. A network of charging stations started in November 2021.

On December 7, 2021, Stellantis announced that sales of new vehicles in the third quarter of 2021 dropped due to issues related to the supply chain shortage of semiconductor chips used in their vehicles. CEO Tavares also announced an agreement with semiconductor manufacturer Foxconn to supply chips for the company and others in the automotive industry. The number of semiconductors contained in an automobile is in the thousands and this number is expected to increase in the foreseeable future.

As of 2021 the brand portfolio of Stellantis is:

Brand Founded Brand CEO
Jeep 1941 Christian Meunier
Chrysler 1925 Christine Feuell
Dodge 1914 Timothy Kuniskis
Ram 2010 Michael Koval
Fiat 1899 Olivier François
Abarth 1949
Lancia 1906 Luca Napolitano
Alfa Romeo 1910 Jean-Philippe Imparato
Maserati 1914 Davide Grasso
Citroën 1919 Vincent Cobée
Peugeot 1810 Linda Jackson
Opel 1862 Uwe Hochgeschurtz
Vauxhall 1857 Paul Willcox
DS Automobiles 2014 Béatrice Foucher
Fiat Professional 2007

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

The executive board of Stellantis is formed by 11 members. Six members come from PSA and leading shareholders (BpiFrance, FFP), included Carlos Tavares, former CEO of PSA and five others come from Fiat Chrysler Automobiles and main shareholder (Exor).

Africa

Asia

Europe

North America

South America

Oceania

  1. spun-off from Dodge brand
  2. spun-off from Citroën brand
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  5. "Top jobs for Stellantis: electrification, restructure Europe, compete in China". Detroit News.
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  9. Stellantis weighs closing production line at Italy's Melfi plant - union, Reuters, 25 March 2021
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  13. "Overview". Stellantis. Retrieved19 January 2021.
  14. "stellans, stellantis M - Latin is Simple Online Dictionary". www.latin-is-simple.com. Retrieved4 January 2021.{{cite web}}: CS1 maint: url-status (link)
  15. "stellantis" is the genitive, singular form, male and neutral, of "stellans" - or, also, the present active participe of "stello", in that case still meaning "of (him/that who) brights with stars"
  16. "stello, stellas, stellare A, -, stellatum - Latin is Simple Online Dictionary". www.latin-is-simple.com. Retrieved4 January 2021.
  17. "Fiat Chrysler proposes 50-50 merger with Renault". TechCrunch. Retrieved27 May 2019.{{cite news}}: CS1 maint: url-status (link)
  18. "Braking bad: A merger of Fiat Chrysler Automobiles and Renault is no more". The Economist. London. 8 June 2019. Retrieved16 February 2021. Sources close to FCA say that the government was constantly second-guessing and renegotiating every aspect of the deal. For FCA this portended future interference. When France pointed the finger at Nissan as a roadblock, FCA lost patience.
  19. "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.{{cite press release}}: CS1 maint: url-status (link)
  20. "Fiat Chrysler and Peugeot shareholders vote to merge, creating world's fourth-largest car maker". NBC News. Retrieved4 January 2021.
  21. Noble, Breana. "Stellantis merger to close on Jan. 16 after PSA, FCA shareholders approve". The Detroit News. Retrieved5 January 2021.
  22. "The merger of FCA and Groupe PSA has been completed"(PDF). Retrieved16 January 2021.
  23. "Stellantis N.V. (formerly Fiat Chrysler Automobiles N.V.) Annual Report and Form 20-F for the year ended December 31, 2020"(PDF). Stellantis. 4 March 2021. p. 6.
  24. "Fiat Chrysler and PSA Not Exactly a "Merger of Equals"". The Detroit Bureau. 24 November 2020.
  25. Stellantis shareholder Dongfeng sells down stake for 600 mln euros, Reuters, 8 September 2021
  26. Taylor, Michael (17 May 2021). "Stellantis Gives Its Alfa Romeo, Lancia And DS Brands One Last Chance". Forbes.
  27. "Stellantis to give each of its 14 car brands 10 years of funding - CEO". Reuters. 14 May 2021.
  28. Padeanu, Adrian (14 May 2021). "Stellantis will invest in Alfa Romeo and Lancia for the next 10 years". Motor1.com.
  29. Noble, Breana (13 May 2021). "Stellantis CEO says brands have 10 years to prove their worth". Detroit News.
  30. "Stellantis: Building a world leader in sustainable mobility". Stellantis. Retrieved19 January 2021.
  31. Malan, Andrea (18 April 2021). "How Stellantis will speed up its EV transition". Auto News.
  32. Carson, Sean (20 April 2021). "Stellantis maps out future EV platforms with up to 497 miles of range". Auto Express.
  33. "Vauxhall owner Stellantis to invest €30bn in electric vehicles". BBC News. 8 July 2021. Retrieved9 July 2021.
  34. Hampel, Carrie (16 November 2021). "Stellantis reveals details of EU charging network". electrive.com. Archived from the original on 16 November 2021.
  35. PYMNTS, Writer (13 December 2021). "Automakers Announce Agreements to Improve Supply of Semiconductor Chips". PYMNTS.com. Retrieved14 December 2021.
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  37. Stellantis (7 September 2021). "Christine Feuell will join Stellantis as Chrysler Brand CEO".
  38. "- Vauxhall History". vauxhallhistory.org. Retrieved10 March 2021.
  39. "Stellantis Information on Euronext". Euronext. Retrieved7 April 2021.{{cite web}}: CS1 maint: url-status (link)
  40. "Stellantis Media - FCA North American Manufacturing Operations". media.stellantisnorthamerica.com. Retrieved24 February 2021.

Stellantis Article Talk Language Watch Edit Stellantis N V is a multinational automotive manufacturing corporation formed in 2021 on the basis of a 50 50 cross border merger between the Italian American conglomerate Fiat Chrysler Automobiles and the French PSA Group 8 9 10 The company is headquartered in Amsterdam Netherlands As of May 2021 update Stellantis is the sixth largest automaker worldwide after Volkswagen Group Toyota the Renault Nissan Mitsubishi Alliance General Motors and Hyundai Motor Group 11 The company is listed on Milan s Borsa Italiana on Euronext Paris and on the New York Stock Exchange 12 Stellantis N V TypePublic N V Traded asBIT STLA Euronext Paris STLANYSE STLA FTSE MIB Component CAC 40 ComponentIndustryAutomotiveProduction systemsPredecessorsFiat Chrysler AutomobilesPSA GroupFounded16 January 2021 12 months ago 2021 01 16 HeadquartersAmsterdam 1 NetherlandsArea servedWorldwideKey peopleJohn Elkann Chairman Carlos Tavares CEO ProductsAutomobiles commercial vehicles auto parts production systemsBrandsList Abarth Alfa Romeo Chrysler Citroen Dodge DS Fiat Fiat Professional Jeep Lancia Maserati Mopar Opel Peugeot Ram VauxhallOwnersExor N V 14 40 Peugeot Invest 7 19 Bpifrance 6 18 Dongfeng Motor Corporation 3 3 Number of employeesc 300 000 2 2021 SubsidiariesList FCA US LLC FCA Italy S p A Comau Sevel VM Motori PCMA Teksid 84 8 Dongfeng Peugeot Citroen 50 FCA Bank 50 GAC Fiat Chrysler 50 IKAP 50 Tofas 37 8 Websitestellantis comFootnotes references 3 4 5 6 7 The principal activity of Stellantis is the design development manufacture and sale of automobiles bearing its 15 brands of Abarth Alfa Romeo Chrysler Citroen Dodge DS Fiat Fiat Professional Jeep Lancia Maserati Opel Peugeot Ram and Vauxhall and Mopar auto parts At the time of the merger Stellantis had 300 000 employees a presence in more than 130 countries with manufacturing facilities in 30 countries 13 Contents 1 Etymology 2 History 3 Brands 4 Ownership 5 Board of directors 6 Assembly plants 6 1 Africa 6 2 Asia 6 3 Europe 6 4 North America 6 5 South America 6 6 Oceania 7 Notes 8 See also 9 References 10 External linksEtymology EditThe name comes from the Latin verb stello 10 It means of him her it that brightens with stars 14 15 16 History EditIn early 2019 Fiat Chrysler Automobiles FCA sought a merger with French automaker Renault and reached a provisional agreement with the company 17 However the behaviour of the French government during negotiations led to the abandonment of the deal The Economist reported that for FCA this portended future interference 18 Nissan also had various concerns of the impact of the proposal on its alliance with Renault 18 Subsequently FCA approached PSA The merger officially agreed in December 2019 was to create the world s fourth largest carmaker by global vehicle sales with expected annual cost savings of 3 7 billion or approximately 4 22 billion 10 On 21 December 2020 the European Commission announced its approval of the merger while imposing minimal remedies to ensure competition in the sector 19 The merger was approved on 4 January 2021 by the shareholders of both FCA and PSA and the deal completed on 16 January 2021 Common shares of the new company began trading on the Milan Stock Exchange MTA and Euronext Paris on 18 January 2021 and on the New York Stock Exchange on 19 January 2021 in each case under the ticker symbol STLA 20 21 22 International Financial Reporting Standards or IFRS mandate the identification of the company acting as the acquirer and the company being acquired Based on the assessment of the indicators under IFRS 3 accounting standard and consideration of all pertinent facts and circumstances FCA and PSA s management determined that Peugeot S A is the acquirer for accounting purposes 23 The filing notes the Stellantis board will have 11 directors six from PSA and five from Fiat Chrysler Additionally the new company s first CEO who is vested with the full authority to individually represent Stellantis is Carlos Tavares the former president of the PSA managing board as well as former CEO of PSA Group He will also have a five year term as Stellantis CEO PSA shareholders have also paid a pre merger premium to FCA shareholders However Exor the Agnelli family company that was the largest shareholder of FCA will hold the largest stake in Stellantis with 14 4 percent 24 The merger agreements allow the Peugeot family to further increase its current 7 2 stake in Stellantis by up to an additional 1 5 by acquiring shares from France s state lender Bpifrance from Dongfeng or on the market 25 The name Stellantis is exclusively used to identify the corporate entity while group brand names and logos remain unchanged 10 In 2021 CEO Carlos Tavares issued a challenge for the group s brands to prove themselves within a 10 year window in exchange for much needed investment in new models and technology 26 27 28 29 The group plans to have 39 electrified vehicle models available by the end of 2021 30 There are four EV platforms planned to be developed by the end of the 2020s 31 32 Overall the company announced more than 30bn will be invested by the end of 2021 33 A network of charging stations started in November 2021 34 On December 7 2021 Stellantis announced that sales of new vehicles in the third quarter of 2021 dropped due to issues related to the supply chain shortage of semiconductor chips used in their vehicles CEO Tavares also announced an agreement with semiconductor manufacturer Foxconn to supply chips for the company and others in the automotive industry The number of semiconductors contained in an automobile is in the thousands and this number is expected to increase in the foreseeable future 35 Brands EditAs of 2021 the brand portfolio of Stellantis is 36 Brand Founded Brand CEOJeep 1941 Christian MeunierChrysler 1925 Christine Feuell 37 Dodge 1914 Timothy KuniskisRam 2010 a Michael KovalFiat 1899 Olivier FrancoisAbarth 1949Lancia 1906 Luca NapolitanoAlfa Romeo 1910 Jean Philippe ImparatoMaserati 1914 Davide GrassoCitroen 1919 Vincent CobeePeugeot 1810 Linda JacksonOpel 1862 Uwe HochgeschurtzVauxhall 1857 38 Paul WillcoxDS Automobiles 2014 b Beatrice FoucherFiat Professional 2007Ownership EditFollowing the 50 FCA and 50 PSA merger the owners are 39 Exor N V 14 40 Peugeot family Etablissements Peugeot Freres EPF 7 19 Bpifrance 6 18 Dongfeng Motor Corporation 3 4 25 BlackRock 2 52 Board of directors EditThe executive board of Stellantis is formed by 11 members Six members come from PSA and leading shareholders BpiFrance FFP included Carlos Tavares former CEO of PSA and five others come from Fiat Chrysler Automobiles and main shareholder Exor Assembly plants EditAfrica Edit Algeria Oran Morocco Kenitra PSA Kenitra plant Namibia Walvis Bay Erongo Nigeria KadunaAsia Edit China Wuhan Hubei 50 50 joint venture with Dongfeng Changsha Hunan 50 50 joint venture with GAC Chengdu Sichuan 50 50 joint venture with Dongfeng Guangzhou Guangdong 50 50 joint venture with GAC India Ranjangaon Maharashtra FCA India Thiruvallur Tamil Nadu Iran Tehran joint venture with Iran Khodro IKAP Kashan Saipa Citroen 50 50 joint venture with SAIPA Malaysia Gurun Kedah Turkey Bursa Tofas Europe Edit Austria Vienna Opel Wien France Sausheim Grand Est Stellantis Mulhouse Plant Poissy Ile de France Stellantis Poissy Plant Rennes Brittany Stellantis Rennes Plant Sochaux Bourgogne Franche Comte Stellantis Sochaux Plant Lieu Saint Amand Hauts de France Sevel Nord Germany Eisenach Thuringia Opel Eisenach Russelsheim Hesse Opel Russelsheim Kaiserslautern Rhineland Palatinate Opel Kaiserslautern Hungary Szentgotthard Opel Szentgotthard Italy Turin Stellantis Mirafiori Avvocato Giovanni Agnelli Plant AGAP Grugliasco Maserati Piedimonte San Germano Stellantis Modena Maserati Pomigliano d Arco Giambattista Vico Melfi SATA Atessa Sevel Sud Poland Bielsko Biala Silesia Gliwice Silesia Tychy Silesia Skoczow Silesia Portugal Mangualde Stellantis Mangualde Plant Serbia Kragujevac Sumadija and Western Serbia FCA Serbia Slovakia Trnava Stellantis Trnava Plant Spain Madrid Vigo Galicia Stellantis Vigo Plant Figueruelas Aragon Opel Zaragoza Plant United Kingdom Ellesmere Port Cheshire Vauxhall Ellesmere Port Luton Bedfordshire Vauxhall Luton Russia Kaluga PCMA Rus North America Edit Canada Brampton Ontario Brampton Assembly Windsor Ontario Windsor Assembly Mexico Saltillo Coahuila Saltillo Truck Assembly 40 Toluca Toluca Assembly 40 United States Belvidere Illinois Belvidere Assembly Plant Detroit Michigan Jefferson North Assembly Detroit Michigan Mack Avenue Engine Complex Sterling Heights Michigan Sterling Heights Assembly Warren Michigan Warren Truck Assembly Toledo Ohio Toledo Complex 40 South America Edit Argentina El Palomar Buenos Aires Cordoba Brazil Betim Minas Gerais Goiana Pernambuco Porto Real Rio de Janeiro Venezuela Valencia CaraboboOceania Edit Australia Clayton South Converts Ram vehicles from left hand to right hand drive Notes Edit spun off from Dodge brand spun off from Citroen brandSee also EditList of Stellantis platformsReferences Edit Articles of Association PDF Stellantis Retrieved 3 January 2022 a href wiki Template Cite web title Template Cite web cite web a CS1 maint url status link Stellantis overview Retrieved 10 January 2022 Fiat Chrysler amp Peugeot Agree on Merger to Create 4th Largest Carmaker NPR 19 October 2019 Retrieved 17 July 2020 Beresford Colin 19 January 2021 It s Official Fiat Chrysler and PSA Group Are Now Stellantis Car and Driver Top jobs for Stellantis electrification restructure Europe compete in China Detroit News Stellantis Surges in Trading Debut After Fiat PSA Merger Bloomberg 18 January 2021 Retrieved 19 January 2021 STLA Stellantis NV Shareholders CNNMoney com money cnn com Fiat Chrysler to Be Renamed Stellantis After Merger With PSA Wall Street Journal 15 July 2020 Stellantis weighs closing production line at Italy s Melfi plant union Reuters 25 March 2021 a b c d Fiat Chrysler and PSA Group rename merged automaker Stellantis Fox Business 16 July 2020 Stellantis Would Have Been The World s 6th Largest Carmaker In 2020 Not 4th Carscoops 5 January 2021 Retrieved 5 June 2021 Smith Elliot 18 January 2021 World s fourth largest carmaker rallies on first day of trade after 52 billion merger CNBC Retrieved 19 June 2021 Overview Stellantis Retrieved 19 January 2021 stellans stellantis M Latin is Simple Online Dictionary www latin is simple com Retrieved 4 January 2021 a href wiki Template Cite web title Template Cite web cite web a CS1 maint url status link stellantis is the genitive singular form male and neutral of stellans or also the present active participe of stello in that case still meaning of him that who brights with stars stello stellas stellare A stellatum Latin is Simple Online Dictionary www latin is simple com Retrieved 4 January 2021 Fiat Chrysler proposes 50 50 merger with Renault TechCrunch Retrieved 27 May 2019 a href wiki Template Cite news title Template Cite news cite news a CS1 maint url status link a b Braking bad A merger of Fiat Chrysler Automobiles and Renault is no more The Economist London 8 June 2019 Retrieved 16 February 2021 Sources close to FCA say that the government was constantly second guessing and renegotiating every aspect of the deal For FCA this portended future interference When France pointed the finger at Nissan as a roadblock FCA lost patience 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 a href wiki Template Cite press release title Template Cite press release cite press release a CS1 maint url status link Fiat Chrysler and Peugeot shareholders vote to merge creating world s fourth largest car maker NBC News Retrieved 4 January 2021 Noble Breana Stellantis merger to close on Jan 16 after PSA FCA shareholders approve The Detroit News Retrieved 5 January 2021 The merger of FCA and Groupe PSA has been completed PDF Retrieved 16 January 2021 Stellantis N V formerly Fiat Chrysler Automobiles N V Annual Report and Form 20 F for the year ended December 31 2020 PDF Stellantis 4 March 2021 p 6 Fiat Chrysler and PSA Not Exactly a Merger of Equals The Detroit Bureau 24 November 2020 a b Stellantis shareholder Dongfeng sells down stake for 600 mln euros Reuters 8 September 2021 Taylor Michael 17 May 2021 Stellantis Gives Its Alfa Romeo Lancia And DS Brands One Last Chance Forbes Stellantis to give each of its 14 car brands 10 years of funding CEO Reuters 14 May 2021 Padeanu Adrian 14 May 2021 Stellantis will invest in Alfa Romeo and Lancia for the next 10 years Motor1 com Noble Breana 13 May 2021 Stellantis CEO says brands have 10 years to prove their worth Detroit News Stellantis Building a world leader in sustainable mobility Stellantis Retrieved 19 January 2021 Malan Andrea 18 April 2021 How Stellantis will speed up its EV transition Auto News Carson Sean 20 April 2021 Stellantis maps out future EV platforms with up to 497 miles of range Auto Express Vauxhall owner Stellantis to invest 30bn in electric vehicles BBC News 8 July 2021 Retrieved 9 July 2021 Hampel Carrie 16 November 2021 Stellantis reveals details of EU charging network electrive com Archived from the original on 16 November 2021 PYMNTS Writer 13 December 2021 Automakers Announce Agreements to Improve Supply of Semiconductor Chips PYMNTS com Retrieved 14 December 2021 Appointment of the Top Executive Team to steer Stellantis Stellantis www stellantis com Retrieved 19 January 2021 Stellantis 7 September 2021 Christine Feuell will join Stellantis as Chrysler Brand CEO Vauxhall History vauxhallhistory org Retrieved 10 March 2021 Stellantis Information on Euronext Euronext Retrieved 7 April 2021 a href wiki Template Cite web title Template Cite web cite web a CS1 maint url status link a b c Stellantis Media FCA North American Manufacturing Operations media stellantisnorthamerica com Retrieved 24 February 2021 External links EditOfficial website STELLANTIS The name of the new group resulting from the merger of FCA and Groupe PSA joint press release of FCA and PSA Portals Netherlands Cars Companies Retrieved from https en wikipedia org w index php title Stellantis amp oldid 1071324936, wikipedia, wiki, book,

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