Stellantis N.V. is a giant automobile manufacturing company that supplies top domestic brands of vehicles and exports to various countries. The corporation came into being after a merger between Fiat Chrysler Automobiles (FCA), the Italian- American conglomerate and owners of 50 percent stake, and the French PSA Group, owners of the other 50 percent stake. The company has its headquarters in Amsterdam, Holland. Stellantis employs more than 300,000 people and is present in 130-plus countries. It has its manufacturing facilities spread across 30 countries.
History of Stellantis
Fiat Chrysler Automobiles (FCA) was keen on a merger with Renault, the French automaker. The year was 2019 and a provisional agreement was reached as well. However, the deal had to be abandoned due to the French government’s behavior which was indicative of interference in the future. Besides, Nissan also had reservations about what repercussions the merger would have on its relations with Renault.
FCA (Fiat) then approached Peugeot SA, another France-based major automaker. The merger was agreed to officially in 2019 December and it created the world’s 4th largest carmaker in terms of global vehicle sales. The merger was also approved by the European Commission on December 21, 2020. It was on January 4, 2021, that shareholders from FCA as well as PSA approved the merger leading to the completion of the deal on January 16, 2021.
Thus, Peugeot SA merged with Fiat Chrysler Automobiles N.V. with the latter emerging as the surviving company after the merger was done. The newly emerged combined company was renamed Stellantis NV on January 17, 2021.
The company is now marching into the future having launched as many as 29 electric vehicle models at the end of 2021. In November 2021, a network of charging stations was started as well to promote electric vehicles, a testimony to the company’s commitment to saving the planet from vehicle emissions.
Types of Cars Manufactured by Stellantis
The merger of FCA and PSA has created an automobile behemoth with a very impressive portfolio including 16 brands, each one of them iconic. They are-
- Abarth of Italy
- Alfa Romeo of Italy
- Chrysler of the US
- Citroen of France
- Dodge of the US
- DS Automobiles of France
- Fiat of Italy
- Fiat Professional of Italy
- Jeep of the US
- Lancia of Italy
- Maserati of Italy
- Mopar of the US
- Opel of Germany
- Peugeot of France
- Ram of the US
- Vauxhall of the United Kingdom
Comprising so many brands under its umbrella has made Stellantis the manufacturer of an amazing variety of cars, right from family sedans to SUVs and pickup trucks. This amazing variety in its stable of vehicles makes it possible for Stellantis to cater to customers with myriad needs. It has made Stellantis a household name in the world of cars.
Who are the owners of Stellantis today?
After the creation of Stellantis with the merger of FCA and PSA with the two of them being holders of 50 percent stakes each, the current ownership includes the following parties as well-
- The Peugeot Family: 7.19%
- BlackRock: 2.52%
- Exnor N.V.: 14.40%
- Dongfeng Motor Corporation: 4.5%
- Bpifrance: 6.18%
The Stellantis executive board includes 11 members with six of them coming from PSA and other leading shareholders like Bpi France. It also includes Carlos Tavares, the former PSA CEO. The remaining five members are from Fiat Chrysler Automobiles including the main shareholder, Exor. John Elkann is the company chairman. Also find who is the current owner of Man Trucks here.
In terms of the number of units sold, the figure standing at approximately a very impressive eight million vehicles annually, Stellantis is today the world’s fourth-largest automaker. It has its manufacturing units spread across Africa, Asia, Europe, North and South America, and Oceania.
Quick Facts
- Industry: Automotive
- Assets Net Worth: €171.8 billion (as on 2021)
- Total Employees: 281,595
- Website: Stellantis.com
Here is quick facts of Stellantis company:
- Stellantis came into being only recently on 17 January 2021 with the 50-50 merger of FCA and PSA
- Stellantis is the world’s fourth-largest automaker in terms of units sold annually
- Carlos Tavares is the company’s CEO while John Elkann is the chairman
- Stellantis’ manufacturing units are spread all around the world covering every continent
- The company’s headquarters are in Amsterdam, Holland
- Employing more than 300,000 people, Stellantis has a presence in as many as 130 countries today
