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Goodbye Fiat Chrysler Automobiles, Hello Stellantis:

The Merger Has Been Completed...

It’s official. Fiat Chrysler Automobiles (FCA) is dead! Yesterday, FCA and Peugeot S.A. (Groupe PSA) finalized their merger to become Stellantis, the fourth-largest automaker in the world by volume. It marks the fourth time in 23 years, that former Chrysler Corporation has switched hands under a merger or sale. 

The new Stellantis Logo. (Stellantis).

In 1998, Chrysler Corporation and then Daimler-Benz formed the ill-fated “merger of equals” with DaimlerChrysler. Daimler then sold 80.1% of Chrysler to the American private equity firm Cerberus Captial Management in May 2007, as the economic collapse set in from 2007 to 2009. On April 30, 2009, the automaker filed for Chapter 11 bankruptcy protection to be able to operate as the company renegotiated its debt structure and other obligations. Ultimately, the company defaulted on over $4 billion in secured debts.

“RAM Three-Peat” Banner On The Tower Of Stellantis US Headquarters in Auburn Hills, Michigan. (MoparInsiders).

On June 10th, 2009, all of Chrysler’s assets were sold to the re-organized Chrysler Group LLC under the leadership of FIAT Group CEO Sergio Marchionne. After Marchionne, restructured Chrysler Group LLC management, he put in place the “World Class Manufacturing” (WCM) system of manufacturing quality, Marchionne’s team revamped and launched 11 new models in 21 months, using improved quality and materials. The new team immediately realigned the Dodge and its pickup division (now known as the Ram brand), to more focus on the separate marketing of both brand’s vehicle portfolio.

2021 Citroën C4. (Citroën).

On January 21st, 2014, FIAT bought the remaining shares of Chrysler then owned the Voluntary Employees’ Beneficiary Association (VEBA) worth about $3.65 billion. Several days later, FIAT announced that it was to rename its new organization Fiat Chrysler Automobiles.

2021 Chrysler Pacifica Pinnacle AWD. (Chrysler).

Under its new identity, Stellantis consists of 14 brands that include Abarth, Alfa Romeo, Chrysler, Citroën, Dodge, DS, FIAT, Jeep®, Lancia, Maserati, Opel, Peugeot, RAM, and Vauxhall. The new company headquarters will be based in Amsterdam, Netherlands. According to our sources, most of the current operations of the former FCA entity will remain intact. 

2021 Jeep® Grand Cherokee L Summit Reserve. (Jeep).

Stellantis’ common shares will begin trading on Euronext in Paris and on the Mercato Telematico Azionario in Milan on Monday, January 18th, 2021, and on the New York Stock Exchange on Tuesday, January 19th, 2021, in each case under the ticker symbol “STLA.”

Robert S. Miller

Robert S. Miller is a diehard Mopar enthusiast who lives and breathes all that is Mopar. The Michigander is not only the Editor for MoparInsiders.com, 5thGenRams.com, and HDRams.com but an automotive photographer. He is an avid fan of offshore powerboat racing, which he travels the country to take part in.

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A close read of my merger package states that FCA is acquiring PSA and then changing its corporate name to Stellantis, a Dutch headquartered company, as is FCA. Looks to me as if PSA is dead and FCA still lives as Stellantis. No use in knit picking, but let’s not give the impression that FCA was DOA at PSA’s door step. Hoping to turn a nice profit with this new reincarnation of my initial Chrysler Corporation investment. Welcome Stellantis!

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I want Stellantis to succeed, of course, it's good for the industry and hopefully we see historic marques remain intact moving forward. It says they are the fourth largest car maker now and this claim has me a little concerned. Let's look not so much at 2020 sales totals but the actual sales trajectory taking place with some brands and where they will be in 5 years. Some of these brands have been starved for new product for quite some time and it's going to take a strong vision and huge investments in retooling and restocking the shelves with relevant product. We're not hearing a whole lot about this at present and based on declining sales it would not be an exaggeration to say 4th largest will be heading to 5th and 6th soon if strong leadership doesn't have a grand vision. Tavares seems capable to steer the ship but I'm not hearing or seeing a major makeover in the short term or long term that's desperately required out of the gate. They will dive bomb without it in fairly short order.

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A close read of my merger package states that FCA is acquiring PSA and then changing its corporate name to Stellantis, a Dutch headquartered company, as is FCA. Looks to me as if PSA is dead and FCA still lives as Stellantis. No use in knit picking, but let’s not give the impression that FCA was DOA at PSA’s door step. Hoping to turn a nice profit with this new reincarnation of my initial Chrysler Corporation investment. Welcome Stellantis!

Yes
@Jared B , @redriderbob
Not to pile on, but :The new name and governance of Stellantis take effect

In addition to John Elkann the other week... PSA’s actually voting documents state:

“PSA will be merged with and into FCA and will cease to exist as a stand-alone entity, while (ii) by operation of law, FCA, as the surviving entity, will acquire all assets and assume all liabilities, rights, obligations and other legal relationships of PSA.

On the day immediately following completion of the Merger, FCA will be renamed Stellantis N.V. (“Stellantis”).”

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I love my MoPars .but Stellantis????? no.....period. You can not erase history, MoParaians are Hardcore and will fight for what's right

I urge all dealerships to offer Dodge/Chrysler/Jeep badge replacements in lieu of Stellantis emblems..

I know If i buy another "CHRYSLER" brand product I will immediately remove anything to do with Stellantis and replace them with PROPER badges.

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I love my MoPars .but Stellantis????? no.....period. You can not erase history, MoParaians are Hardcore and will fight for what's right

I urge all dealerships to offer Dodge/Chrysler/Jeep badge replacements in lieu of Stellantis emblems..

I know If i buy another "CHRYSLER" brand product I will immediately remove anything to do with Stellantis and replace them with PROPER badges.

Who said anything about erasing anything?
Stellantis name honors all three founderings.
The only thing that says Stellantis is the fine print in the owner manual and the window sticker.
If you want to destroy your owners manual over fine print, then more power to you!

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