After long journey, Fiat Chrysler and PSA to seal merger to become Stellantis | Malay Mail

📆 2021-01-16 7:25 AM
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MILAN, Jan 16 — Fiat Chrysler and PSA will seal their long-awaited merger today to create Stellantis, the world’s fourth-largest auto group with deep enough pockets to fund the shift to electric driving and take on bigger rivals Toyota and Volkswagen. It took over a year for the...

Saturday, 16 Jan 2021 08:25 AM MYT

It took over a year for the Italian-American and French automakers to finalise the US$52 billion deal, during which the global economy was upended by the Covid-19 pandemic. They first announced plans to merge in October 2019, to create a group with annual sales of around 8.1 million vehicles. Tavares will hold his first press conference as Stellantis CEO on Tuesday, after ringing NYSE’s bell with Chairman John Elkann.

“He has proven to be the kind of person who prefers action to words, so I don’t think he will make loud statements or try to over-sell targets,” he said.

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