Peugeot and Fiat Chrysler Create Fourth Largest Automaker

Posted Monday, February 15th 2021
Peugeot and Fiat Chrysler Create Fourth Largest Automaker

In January 2021, PSA and Fiat Chrysler Automobiles announced a merger agreement.

In early January, French carmaker group PSA and Italian-American company Fiat Chrysler Automobiles announced a merger agreement, thus creating the world’s fourth-largest car company – Stellantis. 

 

The FCA-PSA merger was evaluated at € 3.7 billion when announced at the end of 2019 and is expected to be complete in the first quarter of 2021. The new company will compromise an equal 50-50 relationship and stated that no factories will be closed. 

 

Stellantis now represent brands Peugeot, Citroen, Opel, Vauxhall, Abarth, Alfa Romeo, Chrysler, Dodge, Fiat, Jeep, Lancia, Ram and Maserati.

 

“Access to a competitive market for small commercial vans is important for many self-employed and small and medium companies throughout Europe. We can approve the merger of Fiat Chrysler and Peugeot SA because their commitments will facilitate entry and expansion in the market for small commercial vans. In the other markets where the two automotive manufacturers are currently active, competition will remain vibrant after the merger.”, stated Margrethe Vestager, executive vice-president of the European Comission.