Stellantis merger completed: FCA and PSA are no more

The merger of Fiat Chrysler and the PSA Group has been completed, with shares in the newly formed automaker due to start trading this week.

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Derek Fung
Journalist

There’s a new kid on the automotive block. Its name is Stellantis, and it comes into being from a “merger of equals” between Fiat Chrysler (FCA) and the PSA Group.

Common shares in the French-Italian-American automaker will go online on Euronext in Paris and the Mercato Telematico Azionario in Milan starting on Monday, January 18.

The automaker will enter the New York Stock Exchange a day later on January 19, due to the Martin Luther King public holiday in the US.

Stellantis will use the ticker code STLA in all three exchanges.

The newly formed company will — based on estimated 2020 figures — be the sixth largest automaker in the world by volume, behind the Volkswagen Group, Toyota Motor Corporation, the Renault-Nissan-Mitsubishi Alliance, GM and Hyundai Motor Group.

The new automaker will have 14 active brands at its disposal. FiatAbarth, Lancia, Alfa RomeoMaseratiChryslerDodgeJeep, and Ram come from FCA, while PeugeotCitroen, DS, Opel, and Vauxhall were a part of PSA.

Carlos Tavares, until yesterday the head of PSA, will be the first CEO of Stellantis. He will head an 11-member board, which will feature five other nominees from the former PSA and five people chosen by FCA.

The merger was first announced in 2019 after Renault’s wish to complete a similar deal with FCA was called off due to the French government’s insistence that alliance partner Nissan formally bless the union.

You can read more about the new car maker in our comprehensive feature “Stellantis: Everything you need to know about the new automaker”.

It covers everything from major shareholders, how it intends to save money, major issues, and a breakdown of the company’s strengths and weakness by both brand and region.


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