Stellantis Inc

PSA Group and Fiat Chrysler Automobiles (FCA) have officially merged to create Stellantis, bringing together 14 vehicle brands across the globe. With the completion of a merger that has been in the works for more than a year, Stellantis becomes the fourth-biggest automaker in the world by volume and third-biggest by revenue. Now under the Stellantis umbrella are Chrysler, Dodge, Jeep, Ram, Fiat, Alfa Romeo, Abarth, Lancia, and Maserati—thanks to FCA—as well as Citroën, DS, Opel, Peugeot, and Vauxhall, thanks to PSA. Stellantis will be headquartered in Amsterdam and will have operation centers in France, Italy, and the United States. Plans for the merger were first announced in October 2019 but were delayed by the coronavirus pandemic. Now that it has gone through, former FCA CEO Mike Manley will head operations in North America for Stellantis. The merger, according to Stellantis CEO Carlos Tavares—the former CEO of PSA, will save the two companies $6.1 billion in the coming years; 80 percent of those savings will be realized before 2025, Tavares said.