The title Stellantis is derived from the Latin verb “stello” which implies “to brighten with stars”. FCA and PSA will quickly unveil the emblem, with the brand new title, which can change into the model’s company identification.
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FCA & PSA signed a Mixture Settlement to enter a 50:50 merger in October 2019
The brand new firm that’s set to be shaped by the merger of Fiat Chrysler Cars (FCA) and Peugeot S.A. (Groupe PSA) can be named Stellantis. The 2 corporations formally signed a Mixture Settlement final yr aspiring to enter a 50:50 merger to change into the world’s 4th largest automaker. Each the businesses have been engaged on paperwork and different procedures for the previous 9 months, and now we lastly have the title of the brand new group. The subsequent step within the course of would be the unveiling of a emblem that may change into the model’s company model identification.
Additionally Learn: FCA-Peugeot Officially Announce 50:50 Merger; To Become World’s 4th Largest Automaker
Fiat Chrysler and Groupe PSA’s 50:50 merger Stellantis will change into the world’s 4th largest automaker
The title Stellantis is derived from the Latin verb “stello” which implies “to brighten with stars”. The corporate says that “the title attracts inspiration from this new and bold alignment of the 2 automotive manufacturers and robust firm cultures that in coming collectively are creating one of many new leaders within the subsequent period of mobility whereas on the identical time preserving all of the distinctive worth and the values of its constituent elements.”
The title’s Latin origins pay tribute to the wealthy historical past of its founding corporations – the Italian-American agency FCA, and the French firm Groupe PSA. The corporate says that technique of figuring out the brand new title started quickly after the Mixture Settlement was introduced, and the senior administration of each corporations have been carefully concerned within the course of. The brand new firm, Stellantis, will use the experience, expertise and know-how of the 2 auto conglomerates to offer sustainable mobility options to their clients within the coming many years.
Additionally Learn: EU Antitrust Regulators Extend Fiat, Peugeot Investigation To November 13
The title Stellantis is derived from the Latin verb “stello” which implies “to brighten with stars”
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The merger technique of the 2 corporations will formally conclude within the first quarter of the 2021 calendar yr topic to customary closing situations, together with approval by each corporations’ shareholders at their respective Extraordinary Common Conferences and the satisfaction of antitrust and different regulatory necessities. Having mentioned that, the EU antitrust regulators, who launched a four-month-long probe in June into Fiat Chrysler and Peugeot maker PSA’s proposed merger, have prolonged their investigation to November 13, 2020. Their concern is that the deal to create the world’s fourth-biggest carmaker could damage competitors in small vans in 14 EU nations and Britain.
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