Meet Stellantis, The New Company Created By The Merger Of FCA And PSA

The merger between FCA and PSA continues to maneuver ahead as the businesses have introduced the brand new joint entity shall be known as Stellantis.

Regardless of sounding like a drug designed to stop pointless five year plans, the businesses defined the identify comes from the Latin verb “stello” which implies “to brighten with stars.”

That’s an odd alternative, however the firms said “this new and impressive alignment of storied 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 similar time preserving all of the distinctive worth and the values of its constituent elements.” So in essence, the celebs have aligned.

Additionally Learn: PSA Boss Carlos Tavares Says FCA Merger Is Still On Track

In fact, the businesses weren’t completed speaking up their new identify as they mentioned the “Latin origins pay tribute to the wealthy historical past of its founding firms, whereas the evocation of astronomy captures the true spirit of optimism, power and renewal driving this industry-changing merger.”

FCA and PSA mentioned the seek for a reputation kicked off shortly after the merger was introduced final yr and shall be used completely on the Group stage to explain the company model. That’s not shocking and neither is information {that a} Stellantis emblem shall be unveiled sooner or later.

The businesses didn’t have a lot to say in regards to the merger itself, however famous it’s anticipated to be accomplished within the first quarter of 2021. In fact, that’s not assured because the merger is topic to “customary closing circumstances, together with approval by each firms’ shareholders at their respective extraordinary normal conferences and the satisfaction of antitrust and other regulatory requirements.”

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