Today we have some exciting news for car enthusiasts to sink their teeth into, as Fiat Chrysler Automobiles and The PSA Group have now officially merged creating Stellantis, the fourth largest car manufacturer in the world. Some of the brands included under this new umbrella company include recognisable names such as Vauxhall, Citroen, Peugeot, Fiat, Maserati, Alfa Romeo, Dodge and many more!
Stellantis will look after the production of 14 different brands, with a target of manufacturing 8 million vehicles this year and promising to net over £150 billion. The new company is a shared 50/50 ownership between PSA and FCA, and they’ll be looking to sell their products both in Europe and North America.
They will also be putting a large focus on the production of their Electric Vehicles, as demand for a greener vehicle has increased tenfold over the past few years. Considering Peugeot’s move to trying to create E versions of all their vehicles as of this year, you can really see where the other brands and manufactures could benefit. Although it has not been confirmed if the other brands will follow the same trend as Peugeot, it’s clear to see where money could be saved.
The merger itself is believed to hopefully help save £3.2 billion over the years, factoring in a number of different manufacturing components, so it’s seemingly a fruitful transition for all parties. Alongside this, Stellantis has officially launched on the stock market today, so it will be extremely interesting to see how the merger affects Stellantis moving forward.
Either way, the sharing of knowledge, the increased manufacturer and the lower costs are all things to look forward to and hopefully we see better vehicles and even more epic driving experiences!