Stellantis Category: Vehicle Manufacturer Official Site: Stellantis.com Wikipedia: Stellantis Address: Amsterdam Description: An automaker formed by the 2019 merger of Fiat Chrysler Automobiles and PSA Peugeot Citroën. Major brands include: Abarth, Alfa Romeo, Chrysler, Citroën, Dodge, DS, Fiat, Jeep, Lancia, Maserati, Mopar, Opel, Peugeot, Ram, and Vauxhall. Page Sections: History · Article Index

The following section is an excerpt from Wikipedia's Stellantis page on 23 March 2023, text available via the Creative Commons Attribution-ShareAlike 3.0 Unported License.

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. 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.

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

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.

The name comes from the Latin verb stello, meaning "of (him/her/it) that brightens with stars".

In early 2019, Fiat Chrysler Automobiles (FCA) sought a merger with French automaker Renault and reached a provisional agreement with the company. 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". Nissan also had various concerns of the impact of the proposal on its alliance with Renault.

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.

On 21 December 2020, the European Commission approved the merger, while imposing minimal remedies to ensure competition in the sector.

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".

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. 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. Per the filing, the Stellantis board had 11 directors, six from PSA and five from Fiat Chrysler. Additionally, the new company's first CEO, vested with full authority to represent Stellantis, was Carlos Tavares, the former president of the PSA managing board, as well as former CEO of PSA Group, with a five-year term as Stellantis CEO. PSA shareholders paid a pre-merger premium to FCA shareholders. However, Exor, the Agnelli family company that was the largest shareholder of FCA, held the largest stake in Stellantis with 14.4%. The merger agreements allowed the Peugeot family to 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.

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

Date	Article	Details
8 February 2023	Automaker Stellantis agrees to add lactation rooms, amend its break policy for nursing mothers at Sterling Heights plant, following investigation Investigators with the department’s Wage and Hour Division responded to an allegation that a plant employee was expressing breast milk on the factory floor after being denied access to the assembly plant’s lactation rooms.	Press Release (text) Publisher: Department of Labor Byline: Scott Allen & Rhonda Burke Dateline: Sterling Heights, Michigan Topic: Stellantis