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The company to be formed by the merger between Fiat Chrysler Automobiles (FCA) and Groupe PSA – owners of Peugeot, Citroen, Vauxhall and DS – will be called Stellantis, it has been confirmed. The name refers to the Latin word “stello,” meaning “to brighten with stars.”
The agreement will see the two firms enter an equal-ownership partnership, making the combined company the fourth largest car manufacturer in the world.
Stellantis will have an annual production volume of 8.7 million units, which places the firm behind only the Volkswagen Group, Toyota and the Renault-Nissan Alliance. The newly combined company will also become the world’s third largest manufacturer by revenue, with an annual turnover of €170 billion (£144.3 billion
The company to be formed by the merger between Fiat Chrysler Automobiles (FCA) and Groupe PSA – owners of Peugeot, Citroen, Vauxhall and DS – will be called Stellantis, it has been confirmed. The name refers to the Latin word “stello,” meaning “to brighten with stars.”
The agreement will see the two firms enter an equal-ownership partnership, making the combined company the fourth largest car manufacturer in the world.
Stellantis will have an annual production volume of 8.7 million units, which places the firm behind only the Volkswagen Group, Toyota and the Renault-Nissan Alliance. The newly combined company will also become the world’s third largest manufacturer by revenue, with an annual turnover of €170 billion (£144.3 billion