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Stellantis: World’s fourth-biggest car company born as FCA, PSA complete merger
The merger of Peugeot parent company PSA and its rival Fiat Chrysler became official on Saturday, creating Stellantis, the world's fourth-biggest car company by volume.
The long-awaited 50/50 tie-up, which was delayed by the Covid-19 pandemic, is seen as crucial for the two groups to undertake the investment necessary to transition to clean car technology.
The new company will bring together brands such as Peugeot, Citroen and Opel, from PSA, as well as Fiat, Alfa Romeo, Maserati, Lancia, Chrysler, Dodge and Jeep, each of which will continue under their own brand names.
The 14 Stellantis brands will account for about nine percent of the global car market. Together they produced eight million vehicles in 2019.
Ranking behind global rivals such as Volkswagen, Renault-Nissan-Mitsubishi and Toyota, Stellantis will be the fourth-largest carmaker by volume and the third-largest by revenue, with a workforce of over 400 000.
www.iol.co.za
The merger of Peugeot parent company PSA and its rival Fiat Chrysler became official on Saturday, creating Stellantis, the world's fourth-biggest car company by volume.
The long-awaited 50/50 tie-up, which was delayed by the Covid-19 pandemic, is seen as crucial for the two groups to undertake the investment necessary to transition to clean car technology.
The new company will bring together brands such as Peugeot, Citroen and Opel, from PSA, as well as Fiat, Alfa Romeo, Maserati, Lancia, Chrysler, Dodge and Jeep, each of which will continue under their own brand names.
The 14 Stellantis brands will account for about nine percent of the global car market. Together they produced eight million vehicles in 2019.
Ranking behind global rivals such as Volkswagen, Renault-Nissan-Mitsubishi and Toyota, Stellantis will be the fourth-largest carmaker by volume and the third-largest by revenue, with a workforce of over 400 000.
Stellantis: World’s fourth-biggest car company born as FCA, PSA complete merger
The long-awaited tie-up is seen as crucial for the two groups to transition to clean car technology.





