On January 19, 2020, the New York Stock Exchange listed the Stellantis stock symbol STLA for the first time.
This set the boundary of merger between Fiat-Chrysler Automobiles (FCA) and Peugeot SA for over a year in construction, which also means that Stellantis is currently the fourth largest automaker in the world and the parent company of 14 car brands. – including a few you will be familiar with.
In addition to the brands Stellantis won from FCA (Dodge, Fiat, Chrysler, Jeep, etc.), Peugeot brought its self-titled brand as well as other international brands such as Citroen, Opel and Vauxhall.
Stellantis will be headquartered in Amsterdam, the Netherlands, and will have satellite offices in France, Italy and the United States.
What Does Stellantis Merger Mean for the People in the US?
Not much for now. While initial speculation was widespread (from the new American-based Peugeot dealers to the complete removal of the Chrysler brand), Stellantis does not seem to make any dramatic moves in the short term and stated that there are all 14 brands available. new vehicle production will continue.
(So if you’re worried The upcoming arrival of the Jeep Wrangler 392, breathe a sigh of relief.)
More importantly, Stellantis says, thanks to a more modern operating structure and resource sharing, it can reduce costs without shutting down any factory or firing any personnel. And this is good news.
Spoiler Alert: Lots of Electric Cars
File this under “Duh”, but given its footprint in Europe, it is not surprising that Stellantis is progressing at full speed (full volts?) In electric vehicle development. In fact, it already has a solid catalog of dozens of EVs and plans to introduce about a dozen more next year.
And as Stellantis hopes every new car model will have an EV version by 2025, the company has made it clear that EVs are included in its production plans.
This could mean that an electric Challenger, electric Wrangler, or even an all-electric Ram pickup truck could enter dealer galleries much sooner than we thought.
Stellantis has released a video for the North American market and is also making fun of a few slick vehicle concepts. Check it out below: