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Aware: 2021-01-04 11:33
Stellantis, the logo of eto, the world’s largest car manufacturer. PSA photo
A Stellantis industrial entity was created after the combination of PSA Peugeot-Citroen and Fiat Chrysler Automobiles.
Almost a year ago, in December 2019, the two automakers formally launched the mergers at the end of 2020 with the permission of the European Commission, and in the first days of January and the approval of both shareholders of the group.
The Economist, which reports, notes that the new manufacturer, Stellantis, whose Latin name needs to be launched, has a strong position in the European and US markets, in addition to the support of Chinese industry.
It is important that Carlos Tavares has been appointed a director of a corporation registered in Amsterdam, the Netherlands, and that the director of PSA has recently acquired extraordinary management skills.
Stellantis is entering the automotive industry during a particularly difficult period of transformation from an internal combustion engine to an electric motor.
PSA’s portfolio currently includes 5 car brands: Citroen and its secondary premium brand DS Automobiles, i General Motors 2017. It acquired the German manufacturer Opel and its counterpart in the British market Vauxhall and Peugeot, one of the oldest car manufacturers.
Fiat Chrysler Automobiles (FCA) owns 9 European and American car brands. The Italian brand is made up of sports car specialist Abarth, as well as Alfa Romeo, Fiat and its commercial car division Fiat Professional, Lancia and Maserati.
They are complemented by American Chrysler, Jeep, Dodge and their RAM division.
According to Bloomberg, the total FCA and PSA car production in sixth place in January 2020 in sixth place, lagging behind Volkswagen, Toyota, General Motors, the Renault-Nissan-Mitsubishi alliance and South Korea’s Hyundai-Kia.
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