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in: Stellantis, 2021 establishments in the Netherlands, Vehicle manufacturing companies established in 2021,
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Stellantis

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Stellantis N.V.
Type Public (N.V.)
Area served Worldwide
Key people
  • John Elkann (Chairman)
  • Carlos Tavares (CEO)
Industry
Products Automobiles, commercial vehicles, auto parts, production systems
Production output 6.049 millionTemplate:Efn
Revenue (turnover) increase €152.1 billion (2021)[1]
Operating income increase €15.3 billion (2021)[1]
Net income increase €15.428 billion (2021)[1]
Total assets increase €171.8 billion (2021)[1]
Total equity increase €56.3 billion (2021)[1]
Employees 281,595Template:Efn[2]
Subsidiaries
Website stellantis.com
[3][4][5][6][7]

Stellantis N.V. is a multinational automotive manufacturing corporation formed in 2021 on the basis of a 50–50 cross-border merger between the Italian-American conglomerate Fiat Chrysler Automobiles (FCA) and the French PSA Group.[8][9][10] The company is headquartered in Amsterdam.

In terms of global vehicle sales in 2021, Stellantis was the world's fifth-largest automaker behind Toyota, Volkswagen, Hyundai, and General Motors.[11]

The primary listings for the company's stock are on Milan's Borsa Italiana and on Euronext Paris.[12]

The principal activity of Stellantis is the design, development, manufacture and sale of automobiles bearing its 16 brands of Abarth, Alfa Romeo, Chrysler, Citroën, Dodge, DS, Fiat, Fiat Professional, Jeep, Lancia, Maserati, Mopar, Opel, Peugeot, Ram, and Vauxhall. At the time of the merger, Stellantis had approximately 300,000 employees, a presence in more than 130 countries with manufacturing facilities in 30 countries.[13]

Etymology[]

The name comes from the Latin verb stello,[10] meaning "(of him/her/it/that) brightens with stars".[14][15][16]

History[]

In early 2019, Fiat Chrysler Automobiles (FCA) sought a merger with French automaker Renault and reached a provisional agreement with the company.[17] However, the behaviour of the French government during negotiations led to the abandonment of the deal; The Economist reported that "for FCA this portended future interference".[18] Nissan also had various concerns of the impact of the proposal on its alliance with Renault.[18]

Subsequently, FCA approached Peugeot S.A. (PSA). The merger, officially agreed to in December 2019, was to create the world's fourth-largest carmaker by global vehicle sales with expected annual cost savings of €3.7 billion, or about US$4.22 billion.[10]

On 21 December 2020, the European Commission announced its approval of the merger, while imposing minimal remedies to ensure competition in the sector.[19]

The merger was approved on 4 January 2021 by the shareholders of both FCA and PSA, and the deal was completed on 16 January 2021. Common shares of the new company began trading on the Milan Stock Exchange and Euronext Paris on 18 January 2021 and on the New York Stock Exchange on 19 January 2021, in each case under the ticker symbol "STLA".[20][21][22]

PSA merged with and into Fiat Chrysler Automobiles N.V., with Fiat Chrysler Automobiles N.V. as the surviving company in the merger. On 17 January 2021, the combined company was renamed Stellantis N.V.[23] International Financial Reporting Standards, or IFRS, mandate the identification of the company acting as the acquirer and the company being acquired; Peugeot is considered the acquirer for accounting purposes, and statements reflect PSA's historical records.[24] The filing notes the Stellantis board will have 11 directors, six from PSA and five from Fiat Chrysler. Additionally, the new company's first CEO, who is vested with the full authority to individually represent Stellantis, is Carlos Tavares, the former president of the PSA managing board, as well as former CEO of PSA Group. He will also have a five-year term as Stellantis CEO. PSA shareholders have also paid a premerger premium to FCA shareholders. However, Exor, the Agnelli family company that was the largest shareholder of FCA, will hold the largest stake in Stellantis with 14.4%.[25] The merger agreements allow the Peugeot family to further increase its current 7.2% stake in Stellantis by up to an additional 1.5% by acquiring shares from France's state lender Bpifrance, from Dongfeng, or on the market.[26]

The name Stellantis is exclusively used to identify the corporate entity, while group brand names and logos remain unchanged.[10]

In 2021, CEO Carlos Tavares issued a challenge for the group's brands to prove themselves within a 10-year window, in exchange for much-needed investment in new models and technology.[27][28][29][30]

The group plans to have 29 electrified vehicle models available by the end of 2021.[31] There are four EV platforms planned to be developed by the end of the 2020s.[32][33] Overall, the company announced more than €30bn will be invested by the end of 2021.[34] A network of charging stations started in November 2021.[35]

On 7 December 2021, Stellantis announced that sales of new vehicles in the third quarter of 2021 dropped due to issues related to the supply chain shortage of semiconductor chips used in their vehicles. CEO Tavares also announced an agreement with semiconductor manufacturer Foxconn to supply chips for the company and others in the automotive industry. The number of semiconductors contained in an automobile is in the thousands and this number is expected to increase in the foreseeable future.[36] In June 2022 the company paused production at two French plants due to shortages in semiconductors.[37]

In May 2022, Stellantis agreed to plead guilty to criminal conduct and pay $300 million to settle a probe into its effort to illegally conceal the amount of pollution created by its diesel-engined vehicles. The parent company of Jeep, Chrysler, and Dodge will settle a years-long probe by the United States Department of Justice into the auto maker's efforts to evade emissions requirements for more than 100,000 older models.[38]

On 3 May 2022, the acquisition of the carsharing platform Share Now was announced.[39][40] The acquisition was closed on 18 July 2022 and Stellantis placed Share Now's operational management under Free2Move.[41]

In November 2022, Stellantis announced it had acquired the Budapest-headquartered autonomous vehicle technology company, aiMotive.[42]

Brands[]

As of 2022, the brand portfolio of Stellantis is:[43]

Origin Brand Established Brand CEO
Italy Abarth 1949 Olivier François
Italy Alfa Romeo 1910 Jean-Philippe Imparato
United States Chrysler 1925 Christine Feuell[44]
France Citroën 1919 Vincent Cobée
United States Dodge 1914 Timothy Kuniskis
France DS Automobiles[note 1] 2014 Béatrice Foucher
Italy Fiat 1899 Olivier François
Italy Fiat Professional 2007 Lorenzo Sistino
United States Jeep[note 2] 1943 Christian Meunier
Italy Lancia 1906 Luca Napolitano
Italy Maserati 1914 Davide Grasso
United States Mopar 1937 Pietro Gorlier
Germany Opel 1862 Uwe Hochgeschurtz
France Peugeot 1810 Linda Jackson
United States Ram[note 3] 2010 Michael Koval
United Kingdom Vauxhall 1857 [45] Uwe Hochgeschurtz
Notes
  1. ↑ spun-off from Citroën brand
  2. ↑ Acquired from American Motors in 1987.
  3. ↑ spun off from Dodge brand

Ownership[]

Following the 50% FCA and 50% PSA merger, the owners were:[46]

  • Agnelli family (Exor N.V.): 14.40%
  • Peugeot family (Etablissements Peugeot Frères, EPF): 7.19%
  • Bpifrance: 6.18%
  • Dongfeng Motor Corporation: 4.5%[26]
  • BlackRock: 2.52%

Board of directors[]

The executive board of Stellantis is formed by 11 members. Six members come from PSA and leading shareholders (BpiFrance, FFP), included Carlos Tavares, former CEO of PSA, and five others come from Fiat Chrysler Automobiles and main shareholder (Exor).

Assembly plants[]

Africa[]

Asia[]

  • China:
    • Wuhan, Hubei (50-50 joint venture with Dongfeng)
    • Chengdu, Sichuan (50-50 joint venture with Dongfeng)
  • India:
    • Ranjangaon, Maharashtra
    • Thiruvallur, Tamil Nadu
    • Gachibowli, Telangana (Global Digital Hub upcoming)
    • Hosur, Tamil Nadu (Powertrains; 50-50 joint venture with AVTEC)
  • Iran:
    • Tehran, (IKAP; 50-50 joint venture with Iran Khodro)
    • Kashan, (50-50 joint venture with SAIPA)
  • Malaysia: Gurun, Kedah
  • Turkey: Bursa (Tofaş; 38-38 joint venture with Koç Holding)

Europe[]

  • Austria:
    • Vienna (Opel Wien)
  • France:
    • Sausheim, Grand Est (Stellantis Mulhouse Plant)
    • Poissy, Île-de-France (Stellantis Poissy Plant)
    • Rennes, Brittany (Stellantis Rennes Plant)
    • Sochaux, Bourgogne-Franche-Comté (Stellantis Sochaux Plant)
    • Hordain, Hauts-de-France (Sevel Nord)
  • Germany:
OPEL Eisenach Gesamtansicht 2009

Opel Eisenach

  • Hungary:
    • Szentgotthárd (Opel Szentgotthárd)
  • Italy:
    • Turin (Stellantis Mirafiori)
    • Avvocato Giovanni Agnelli Plant, “AGAP” Grugliasco (Maserati) closing
    • Piedimonte San Germano (Cassino Assembly Plant)
    • Modena (Maserati)
    • Pomigliano d'Arco (Giambattista Vico)
    • Melfi (SATA)
    • Atessa (Sevel Sud)
    • Termoli (Termoli Powertrain Plant)[47]
  • Poland:
001 Car factory assembly line - Opel factory in Gliwice, Poland

Assembly line in Gliwice

003 Car dashboard manufacturing process - Opel car factory in Gliwice, Poland

Factory in Gliwice

    • Bielsko-Biała, Silesia
    • Gliwice, Silesia
    • Tychy, Silesia
    • Skoczów, Silesia
  • Portugal: Mangualde (Stellantis Mangualde Plant)
  • Serbia: Kragujevac, Šumadija and Western Serbia (FCA Serbia)
  • Slovakia: Trnava (Stellantis Trnava Plant)
  • Spain:
    • Madrid
    • Vigo, Galicia (Stellantis Vigo Plant)
    • Figueruelas, Aragon (Opel Zaragoza Plant)
  • United Kingdom:
    • Ellesmere Port, Cheshire (Vauxhall Ellesmere Port)
    • Luton, Bedfordshire (Vauxhall Luton)

North America[]

  • Canada:
    • Brampton, Ontario (Brampton Assembly)
    • Windsor, Ontario (Windsor Assembly)
  • Mexico:
    • Saltillo, Coahuila (Saltillo Truck Assembly)[48]
    • Saltillo (Saltillo Van Assembly)
    • Saltillo (Saltillo South Engine Plant)
    • Toluca (Toluca Car Assembly)[48]
  • United States:
    • Belvidere, Illinois (Belvidere Assembly Plant) (Closing in February 2023[49])
    • Detroit, Michigan (Jefferson North Assembly) Detroit Assembly Complex - Jefferson
    • Detroit, (Detroit Assembly Complex - Mack)
    • Dundee, Michigan (Dundee Engine Plant)
    • Kokomo, Indiana (Casting, Engine & Transmission assembly complex)
    • Sterling Heights, Michigan (Sterling Heights Assembly)
    • Tipton, Indiana (Transmission)
    • Toledo, Ohio (Toledo Complex)
    • Trenton, Michigan (Trenton Engine Plant)[48]
    • Warren, Michigan (Warren Truck Assembly)

South America[]

  • Argentina:
    • El Palomar, Buenos Aires[50]
    • Ferreyra, Córdoba[50]
  • Brazil:
    • Betim, Minas Gerais
    • Goiana, Pernambuco
    • Porto Real, Rio de Janeiro
  • Venezuela: Valencia, Carabobo

Oceania[]

  • Australia:
    • Clayton South converts Ram vehicles from left-hand to right-hand drive.

See also[]

  • List of Stellantis platforms

Notes[]

Template:Notelist

References[]

  1. ↑ 1.0 1.1 1.2 1.3 1.4 "Annual Report and Form 20-F for the year ended December 31, 2021". Stellantis N.V. (25 February 2022).
  2. ↑ "Annual Report and Form 20-F for the year ended December 31, 2021". SEC. Retrieved on 1 March 2022.
  3. ↑ "Fiat-Chrysler & Peugeot Agree on Merger to Create 4th-Largest Carmaker", NPR (19 October 2019). 
  4. ↑ Beresford, Colin (19 January 2021). "It's Official: Fiat Chrysler and PSA Group Are Now Stellantis", Car and Driver. 
  5. ↑ "Top jobs for Stellantis: electrification, restructure Europe, compete in China".
  6. ↑ "Stellantis Surges in Trading Debut After Fiat-PSA Merger", Bloomberg (18 January 2021). 
  7. ↑ "STLA - Stellantis NV Shareholders - CNNMoney.com".
  8. ↑ "Fiat Chrysler to Be Renamed Stellantis After Merger With PSA", Wall Street Journal (15 July 2020). 
  9. ↑ Stellantis weighs closing production line at Italy's Melfi plant - union, Reuters, 25 March 2021
  10. ↑ 10.0 10.1 10.2 10.3 "Fiat Chrysler and PSA Group rename merged automaker 'Stellantis'" (16 July 2020). “Stellantis is rooted in the Latin verb “stello” meaning “to brighten with stars.””
  11. ↑ "Worldwide car sales by manufacturer".
  12. ↑ Smith, Elliot (18 January 2021). "World's fourth-largest carmaker rallies on first day of trade after $52 billion merger" (in en).
  13. ↑ "Overview".
  14. ↑ "stellans, stellantis M - Latin is Simple Online Dictionary" (in en).
  15. ↑ "stellantis" is the genitive, singular form, male and neutral, of "stellans" - or, also, the present active participe of "stello", in that case still meaning "of (him/that who) brights with stars"
  16. ↑ "stello, stellas, stellare A, -, stellatum -" (in en).
  17. ↑ "Fiat Chrysler proposes 50-50 merger with Renault", TechCrunch. 
  18. ↑ 18.0 18.1 "Braking bad: A merger of Fiat Chrysler Automobiles and Renault is no more" (8 June 2019). "Sources close to FCA say that the government was constantly second-guessing and renegotiating every aspect of the deal. For FCA, this portended future interference. When France pointed the finger at Nissan as a roadblock, FCA lost patience." 
  19. ↑ European Commission (21 December 2020). "Mergers: Commission approves the merger of Fiat Chrysler Automobiles N.V. and Peugeot S.A., subject to conditions", https://ec.europa.eu/commission/presscorner/detail/en/ip_20_2506. 
  20. ↑ "Fiat Chrysler and Peugeot shareholders vote to merge, creating world's fourth-largest car maker".
  21. ↑ Noble, Breana. "Stellantis merger to close on Jan. 16 after PSA, FCA shareholders approve".
  22. ↑ "The merger of FCA and Groupe PSA has been completed".
  23. ↑ "Stellantis N.V. (formerly Fiat Chrysler Automobiles N.V.) Annual Report and Form 20-F for the year ended December 31, 2020". Stellantis (4 March 2021).
  24. ↑ "Stellantis N.V. (formerly Fiat Chrysler Automobiles N.V.) Annual Report and Form 20-F for the year ended December 31, 2020". Stellantis (4 March 2021).
  25. ↑ "Fiat Chrysler and PSA Not Exactly a "Merger of Equals"". The Detroit Bureau (24 November 2020).
  26. ↑ 26.0 26.1 Stellantis shareholder Dongfeng sells down stake for 600 mln euros, Reuters, 8 September 2021
  27. ↑ Taylor, Michael (17 May 2021). "Stellantis Gives Its Alfa Romeo, Lancia And DS Brands One Last Chance", Forbes. 
  28. ↑ "Stellantis to give each of its 14 car brands 10 years of funding - CEO", Reuters (14 May 2021). 
  29. ↑ Padeanu, Adrian (14 May 2021). "Stellantis will invest in Alfa Romeo and Lancia for the next 10 years", Motor1.com. 
  30. ↑ Noble, Breana (13 May 2021). "Stellantis CEO says brands have 10 years to prove their worth", Detroit News. 
  31. ↑ "Stellantis: Building a world leader in sustainable mobility".
  32. ↑ Malan, Andrea (18 April 2021). "How Stellantis will speed up its EV transition", Auto News. 
  33. ↑ Carson, Sean (20 April 2021). "Stellantis maps out future EV platforms with up to 497 miles of range", Auto Express. 
  34. ↑ "Vauxhall owner Stellantis to invest €30bn in electric vehicles" (in en-GB), BBC News (2021-07-08). 
  35. ↑ "Stellantis reveals details of EU charging network" (16 November 2021).
  36. ↑ PYMNTS, Writer (2021-12-13). "Automakers Announce Agreements to Improve Supply of Semiconductor Chips", PYMNTS.com. Retrieved on 2021-12-14. 
  37. ↑ "Stellantis will halt production at 2 French plants" (in en) (2022-06-23).
  38. ↑ "Stellantis pleads guilty, will pay $300 million over allegations of emissions fraud" (25 May 2022).
  39. ↑ "Share Now: BMW und Mercedes verkaufen Carsharing an Stellantis" (2022-05-03).
  40. ↑ "Share Now: Stellantis übernimmt Carsharing von BMW und Mercedes - manager magazin" (2022-05-03).
  41. ↑ "Free2move Becomes a World Leader in Mobility with Acquisition of Share Now", Stellantis (2022-07-18). 
  42. ↑ Hammerschmidt, Christoph (2022-11-17). "Stellantis acquires AI startup aiMotive" (in en-US).
  43. ↑ "Appointment of the Top Executive Team to steer Stellantis | Stellantis".
  44. ↑ Stellantis (2021-09-07). "Christine Feuell will join Stellantis as Chrysler Brand CEO".
  45. ↑ "- Vauxhall History".
  46. ↑ "Stellantis Information on Euronext". Euronext.
  47. ↑ "Stellantis to start transformation of Termoli plant into gigafactory in 2024 -unions", Reuters (2022-06-28). 
  48. ↑ 48.0 48.1 48.2 "Stellantis Media - FCA North American Manufacturing Operations".
  49. ↑ "Automaker Stellantis lays off hundreds of American workers, blaming high cost of making electric cars", Fox News (December 10, 2022). 
  50. ↑ 50.0 50.1 Desde Francia: Stellantis anunció que sus fábricas en Argentina tendrán más piezas nacionales by Carlos Cristófalo, 12 May 2022 on Motor1.com

External links[]

Entries for Stellantis in library catalogs and other authority files:
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