Last year in December, Fiat Chrysler Automobiles (FCA) and the PSA Group announced that they would enter into a 50:50 merger deal to form one of the world’s largest automakers. Both companies have now announced that the company formed from that deal will be called Stellantis.
According to a joint press release, the name is rooted in the Latin verb “stello” meaning “to brighten with stars”. It adds that the name’s Latin origins “pay tribute to the rich history of its founding companies while the evocation of astronomy captures the true spirit of optimism, energy and renewal driving this industry-changing merger.”
However, the name will be used exclusively as a corporate brand name, with the next step being the unveiling of a logo to go along with it. The names and logos of the merged group’s various brands, of which there are 14 of them, will remain unchanged.
Both companies are expecting the completion of the merger project to happen in the first quarter of 2021, subject to customary closing conditions, including approval by shareholders as well as antitrust and other regulatory requirements.
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Stellantis should get Carlos Ghosn onboard.
Eh, not PSFCXBoxXOneS10LTEA?
After buying the Gurun Assembly Plant from NAZA, I have heard that Peugeot is now shutting down the factory and putting it for sale. Tan Sri SM Nasimuddin must be rolling in his grave.
So you prefer NAZA forcing the govt to buy out their factory and closing it down using our taxpayer’s monies?
No
I prefer the Factory to be run properly and professionally by competent people that knows how to make good cars and care for their workers and all the supporting companies and vendors. Easily thousands will lost their jobs with the factory closing down.
Come on FCA-PSA , bring back the Lancia brand to the world! Bring on Integrale, Thema, Dedra, Fulvia, Beta!