Creation of Stellantis, the fourth largest automotive group in the world, resulting from the merger between Fiat Chrysler and Peugeot-Citröen

Fiat Chrysler (FCA) and Peugeot-Citröe (PSA) completed the merger process last Sunday (17th) and all brands of these two groups became part of the official name of the group, Stellattis. With the formal union, the fourth largest automobile group in the world emerged with an important position in the main markets of the planet.

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The Stellantis Group:

Stellantis will become the fourth largest automaker in the world, with 13 brands, including giants such as Peugeot, Citroen, RAM and Jeep. The brand will keep its identity – there will be no Stellatis as a model for the brand – but creating a common platform for everyone will save a lot of costs.

This means that many new models are expected to emerge over time. Stellantis is made up of two groups with solid backgrounds and strong financial strength. It is a global company with 400.000 employees.

In addition to the huge potential found in key markets such as China, Africa, the Middle East, Oceania and India, the new team also wants to establish operations and invest more in the following three regions, in Europe, North America and Latin America.

The CEO of Stellantis, Carlos Tavares, said that none of the factories of the brands involved in the partnership will be closed. “This merger is more of a protection than a risk for the factories. The scale reached will act as a protection against the increase in costs (foreseen in the transformation of vehicles)”.

In Brazil, the group has Fiat Chrysler factories in Betim (MG) and Goiana (PE), and a joint Peugeot and Citröen factory in Porto Real (RJ). The two groups will be protected by the Dutch company, which also has factories in Argentina.