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Stellantis Created, Fourth Largest Automotive Group in the World, Emerging from the Merger Between Fiat Chrysler and Peugeot-Citroën
Fiat Chrysler (FCA) and Peugeot-Citroën (PSA) completed the merger process last Sunday (17), and all brands from these two groups became part of the official name of the group, Stellantis. With the formal union, the fourth largest automotive group in the world emerged, holding a significant position in the main markets around the globe.
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The Stellantis Group:
Stellantis will become the fourth largest automaker in the world, with 13 brands, including giants like Peugeot, Citroën, RAM, and Jeep. The brand will maintain its identity – there will be no Stellantis model for the brand – but the creation of a common platform for all will save significant costs.
This means that many new models are expected to emerge over time. Stellantis is made up of two groups with a solid foundation and strong financial stability. It is a global company with 400,000 employees.
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In addition to the enormous potential found in key markets like China, Africa, the Middle East, Oceania, and India, the new team also aims to establish operations and invest more in the three regions: Europe, North America, and Latin America.
The CEO of Stellantis, Carlos Tavares, stated that none of the factories belonging to the brands involved in the partnership will be closed. “This merger is more of a protection than a risk for the factories. The scale achieved will serve as protection against rising costs (anticipated in the transformation of vehicles).”
In Brazil, the group has Fiat Chrysler factories in Betim (MG) and Goiana (PE), and a joint factory of Peugeot and Citroën in Porto Real (RJ). The two groups will be safeguarded by the Dutch company, which also has factories in Argentina.
