Stellantis is the new name of the group resulting from the merge of Groupe PSA and Fiat Chrysler Automobiles.
When it was announced back in December 2019, the merger between European giants Groupe PSA and Fiat Chrysler Automobiles was set to become one of the biggest in history. With a considerable number of brands in each portfolio, this merge would take some time to finalise. Now in July 2020, it has been announced the new group will be called Stellantis.
The word Stellantis has Latin roots, 'stello' referring to 'to brighten with stars' and this name will be used at group level and as a corporate brand. Next up will be the reveal of the logo. The 50:50 merger is set to be completed in the first quarter of 2021. When complete, the new entity will be the 4th largest OEM by volume (8.7 million units) and the 3rd largest by revenue (€170 billion) with an expected operating profit of over €11 billion (6.6% profit margin).
The brands involved are considerable. On the Groupe PSA side, we have Peugeot, Citroen, DS, Opel and Vauxhaull, while on the FCA side, there's Jeep, Dodge, Fiat, Alfa Romeo, Chrysler, Abarth, Lancia, RAM and Fiat Professional.