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A spokesman for FCA said, "As we have always made clear, Stellantis will be the result of a 50:50 combination of FCA and Groupe PSA." The merger is expected to close by the end of the first ...
With European emissions space to spare, the Stellantis merger would also ween FCA off its emissions-credits deal with Tesla TSLA -1.8%, as PSA has room to spare in its emissions “pool”.
FCA special dividend set at €2.9 billion; Groupe PSA’s Faurecia stake to be distributed post-closing to all Stellantis shareholders Amendments preserve the balance of original Combination ...
PSA and FCA have overcome several bumps along the way, including FCA’s unsuccessful attempt to merge with PSA’s French rival Renault SA, and the Covid-19 pandemic. Stellantis will hold a broad ...
Globalization is an odd thing. On Saturday, Jan. 16, FCA and PSA officially finalized the anticipated $52 billion merger to create Stellantis, the fourth largest automaker in the world.
The combination known as Stellantis would bring 14 brands under one roof, including Dodge, Fiat, Jeep, Ram and Maserati as well as DS, Citroën, Opel and Peugeot.
Stellantis will have 14 brands, from FCA's Fiat, Maserati and U.S.-focused Jeep, Dodge and Ram to PSA's traditionally Europe-focused Peugeot, Citroen, Opel and DS.
As of this morning, January 16, the long-awaited Stellantis merger between Peugeot S.A. (PSA Group) and Fiat Chrysler Automobiles N.V. (FCA) is official, effective immediately.
Stellantis is a perfectly even affair, with both PSA and FCA holding 50 percent of it. Technically, that’s fair, but as history has shown, splitting things right down the middle is not always ...
Stellantis currently has 29 electrified models and expects to add 10 more before the end of the year. All of its vehicles will have an electrified version somewhere globally by 2025, Tavares said.
PSA CEO Carlos Tavares will run Stellantis and will receive a 1.7 million euro ($2 million) bonus on completion of the merger, the prospectus said.