- FCA and PSA 50:50 merger will be named STELLANTIS
- STELLANTIS means “to brighten the stars”
One of the most significant automotive company mergers in history now has a name, STELLANTIS. The new name was announced today by FCA and PSA.
The merger of FCA (Abarth, Alfa Romeo, Chrysler, Dodge, Fiat, Jeep, Lancia, Ram and Maserati) and PSA (Peugeot, Citroen, DS, Opel, and Vauxhall) was announced on December 18, 2019.
Once complete, FCA-PSA or now what is known as STELLANTIS now will be the world’s fourth largest automaker. The deal appeared to hit a snag last month, but both FCA and PSA assured that the merger was still on. The announcement of the new designation today seems to confirm that the merger will indeed happen.
Under the new deal PSA and FCA will hold an equal share with PSA getting one extra controlling seat. The merger is expected to create over $5 billion in operational savings which will then be used to further the development of electrification, autonomous driving, and connectivity.
The STELLANTIS name was agreed upon by board members from both companies. It is derived from the latin word “stello” which means “to brighten with stars”.
Research for a new name for the FCA-PSA merger began shortly after the deal was announced, the companies said in a press release.
The name will be used to identify the company resulting from the merger. No changes are expected to the individual manufacturer names within STELLANTIS.