Companies

Description

Stellantis N.V. is a Dutch-based multinational automotive manufacturing corporation resulting from the merger of French automaker Groupe PSA and Italian-American automaker Fiat Chrysler Automobiles, following completion of a 50-50 merger agreement. Registered in the Netherlands, the group includes 14 brands: Abarth, Alfa Romeo, Chrysler, Citroën, Dodge, DS, Fiat, Jeep, Lancia, Maserati, Opel, Peugeot, Ram and Vauxhall. The name Stellantis is exclusively in use as a corporate brand, while its brands' names and logos remain unchanged.

History

In early 2019, FCA sought a merger with French group Renault, and reached a provisional agreement with the company. However, the French government did not support this agreement and the proposal was withdrawn.

Subsequently, FCA approached PSA. The merger, officially agreed in December 2019, created the world's fourth-largest carmaker by volume and result in an annual cost savings of about €3.7 billion, or $4.22 billion.

On 21 December 2020, the European Commission announced its approval of the merger, while imposing minimal remedies in order to ensure competition in the sector.

The merger was confirmed on 4 January 2021, after a vote of shareholders from both companies and the deal completed on 16 January 2021. The combined company will be trading its common shares on the Italian Bourse and Euronext Paris on 18 January 2021, while the listing on the New York Stock Exchange will occur on 19 January 2021, in each case under the ticker symbol "STLA".

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COMPANIES IN ENGLAND


English business portal GlobalEng.biz includes a huge catalog of organizations in England. Here you can easily find all the necessary information about the company. The organization card contains a page with a detailed description of the company's activities, a logo, contact details and a link to the official website of the organization. The reader can also get acquainted with the company's employees, see the latest press releases and news block, as well as which line of the rating the company occupies. Member Rating GlobalEng.biz The business portal is calculated based on the number of mentions in the news of England and posted press releases containing information about the activities of the organization and its achievements. You can also rise in the ranking by publishing vacancies and the number of registered persons. At the same time, the company's representatives can independently see how many times the company's card has been viewed on GlobalEng.biz, as well as promptly correct the information. We pay special attention to the versatility of the "Companies" section. For your convenience, there is a search bar, as well as an industry title. The English business portal is always an up-to-date database of enterprises in England!
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