Shareholders approve Fiat Chrysler-PSA merger, will create fourth largest automaker

Fiat Chrysler Automobiles and Groupe PSA, the French maker of Peugeot and Citroën cars, expect their merger to be complete on January 16th, the companies announced Monday. The newly combined company will be called Stellantis.

Shareholders of both companies overwhelmingly approved the merger on Monday, the automakers said. Fiat Chrysler produces the Chrysler, Dodge, Ram, Jeep, Fiat, Alfa Romeo, Maserati and Lancia auto brands. PSA, meanwhile, makes Peugeot, Citroën, DS, Opel and Vauxhall cars.Fiat Chrysler and PSA Group will have a new name: Stellantis.

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