It’s official. FCA, the owner of Fiat, Chrysler, Jeep, Ram, Dodge, and Alfa Romeo, and PSA, which comprises Peugeot, Citroen, DS, Opel, and Vauxhall, are to merge together, calling the newly formed group Stellantis.

Stellantis will now become the world’s fourth largest car manufacturer.

The merger which is yet to pass the European Commission (EC) in October 2020 is valued at US$50 billion (AU$71.5B)

The Stellantis name will not be used directly by the group, but will rather only be used behind the scenes in board rooms. It will be the umbrella name for the FCA/PSA brands. The name stems from the Latin verb ‘stello’ which means ‘to brighten with stars’.

The future certainly looks very bright for both automotive giants – only time will tell what the fruits of this merger will be.

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