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Stellantis N.V. is a multinational automotive manufacturing company formed from the merger in 2021 of the Italian–American conglomerate Fiat Chrysler Automobiles (FCA) and the French PSA Group. [ 10 ] [ 11 ] [ 12 ] The company headquarters are located in Hoofddorp , Netherlands.
[8] [9] On 16 July 2020, both companies announced the new name for their merged operations, Stellantis. [10] The deal closed on 16 January 2021. As of 2022, Stellantis is the fourth largest automaker by sales behind Toyota, Volkswagen Group, and Hyundai Motor Group. [11] Peugeot was the largest PSA brand.
[10] [11] On 15 July 2020, both companies announced that the corporate name of the new group would be Stellantis. [63] The new group will be incorporated in the Netherlands with Carlos Tavares as CEO. [64] On 4 January 2021, both shareholders of FCA and PSA approved the merger and it ceased operation on 16 January 2021. [65] [66] [67]
In 2023, Stellantis agreed as part of the contract with the union to invest $1.5 billion in its Belvidere, Illinois assembly plant to build new mid-size trucks by 2027.
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Stellantis will have more to say about its plans and full financial results when it reports full-year earnings on Feb. 26. StockStory aims to help individual investors beat the market. Pras ...
Other major German manufacturers are Opel and American-owned Ford-Werke (subsidiary of Ford Motor Company), but are not considered as part of this grouping, although they are among the top selling brands in Europe - they are both foreign-owned (Opel is a subsidiary of Stellantis since 2021 and had been owned by PSA Group and General Motors ...