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Stellantis leads 14 car brands into the electric future


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Fiat Chrysler and Opel parent company PSA form the Stellantis group with immediate effect. The merger represents the fourth largest vehicle manufacturer in the world and aims to dominate the market.

The group, under the leadership of the former Peugeot boss Carlos Tavares, wants to become the new world leader in sustainable mobility. From the start, 29 electric car models are in the catalog, and another ten are to be added by the end of the year. Stellantis plans to add an electric version to every new global model by 2025. The group expects electric cars to account for 35 percent of new registrations by 2030. Its own portfolio is uniquely suited to offering distinctive and sustainable mobility solutions, it says in the press release. The shareholders and the European Cartel Office had previously given the go-ahead for the merger.

In the long term, they are working on the carbon neutrality of all products, assembly plants and other facilities. From the mouth of CEO John Elkann from the Fiat Agnelli family, it sounds like this: “It is no coincidence that Stellantis is born exactly when our world needs a new kind of automotive company that is committed to clean and intelligent solutions To enable freedom of movement for everyone. Our global size and reach give us the resources to invest in cutting edge technology, distinctive excellence and unmatched choice for our customers. “

400,000 employees from over 150 countries

The great-great-grandson of the Fiat founder said the geographic and cultural diversity of the workforce was the company’s greatest competitive advantage. CEO Tavares emphasizes that the company is determined to be “much more than the sum of its parts”. There are many of them: First the car brands Abarth, Alfa Romeo, Chrysler, Citroën, Dodge, DS Automobiles, Fiat, Jeep, Lancia, Maserati, Opel, Peugeot and Vauxhall. RAM Trucks also comes from the commercial vehicle division. Six supplier companies also belong to the association. It operates industrial sites in more than 30 countries, including 41 production sites, 23 in Europe alone.

Share has been listed on major trading venues since yesterday

Stellantis is aiming for annual synergy income of five billion euros during ongoing operations. The group emphasizes that this can be achieved through intelligent strategies, optimizations and increases in efficiency and not through plant closings. Nine governance committees have been set up to ensure an efficient operational structure. Without taking synergy effects into account, Stellantis had total revenues of 167 billion euros and a profit of 12 billion euros in 2019. The automotive giant is active in more than 130 markets and has a dominant position in three regions.

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The stock exchanges Euronext in Paris, Borsa Italia (Milan) and New York’s Wall Street listed the stock for the first time on January 18, 2021. On March 3, the company will announce its results for the full year 2020.

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