Fiat And Peugot 50:50 Merger Now Officially Finalized

Official: The merger of the two auto giants will take effect on January 16, 2021.

The merger of Groupe PSA and FCA is complete, making the company the world’s fourth-largest manufacturer by revenue. Carlos Tavares, former head of PSA, will lead the newly formed company as CEO, with other senior positions to be confirmed in the coming days.

The name Stellantis comes from the Latin “stello” meaning “to shine with the stars.” According to the most recent sales data, annual production of Stellantis is 8.7 million units, second only to the Volkswagen Group, Toyota and Renault-Nissan Alliance. The newly …

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