The major change we will be seeing will be a sharing of technologies between the two companies to help Peugeot return the United States using FCA as its foundation by 2026 and FCA’s voyage into hybrid and electric vehicles with Peugeot known as one of the current leaders in electric car development. So instead, the new automobile group is called “Stellantis”. Fiat Chrysler (NYSE:FCAU) and Peugeot (OTCPK:PUGOY) say they will become "Stellantis" after their merger is complete early next year.. What does this mean for some of our favorite vehicles? The next step in the process will be the unveiling of a logo that with the name … All quotes are in local exchange time. What does this mean? FCAU, Why not some freshly-squeezed lemonade while they’re at it? It would be silly to combine the two: FCA-PSA, just a jumble of letters that say nothing. Stellantis is Coming. On July 15 th, the name Stellantis was announced, which drew jokes from various people within the industry. “STELLANTIS is rooted in the Latin verb “stello” meaning “to brighten with stars.” By using this site you agree to the The name, from the Latin verb stello, means to brighten with stars, the company said. We don’t need to worry just yet. The name “Stellantis” will only be used on a corporate level and most likely some acronym for the stock market. The companies have said they expect the deal to close in the first quarter of 2021, subject to customary closing conditions, including shareholder and regulatory approvals. makers of Peugeot, Citroen, Opel, and other European car brands, will be called Stellantis, hailing the naming as a "major step" toward completing the deal announced last year. Privacy Notice and During the initial outbreak of the Coronavirus when automakers were shutting down manufacturing plants and seeing profits plummet, the merger seemed to pause for FCA and PSA, unsure of where to go with it.

. "It draws inspiration from this new and ambitious alignment of storied automotive brands," the company said. Keep up with news on the merger, now Stellantis, on Aventura CJDR social media. The name, from the Latin verb stello, means to brighten with stars, the company said. The name, with roots in the Latin verb "stello," meaning "to brighten with stars," is inspired by "this new and ambitious alignment of storied automotive brands and strong company cultures that in coming together are creating one of the new leaders in the next era of mobility," the companies say.

With the Coronavirus pandemic, both automakers have taken a hit, and the EU Commission is just looking to throw some salt on the wounds. We won’t be seeing a Stellantis Wrangler or Stellantis Challenger any time soon.
The announcement of the new name included the following details. Intraday data delayed at least 15 minutes or per exchange requirements.
Last year, FCA and PSA had a combined turnover of 170 billion euros. Wow, are they serious? Copyright © 2020 MarketWatch, Inc. All rights reserved. Subscriber Agreement & Terms of Use Updated 03/26/2020 +1.12%

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