The largest merger in the automotive industry has been completed! The world's fourth largest automaker with annual revenue exceeding one trillion is born

Although the epidemic is still raging, it has not prevented the merger of the two major groups FCA (Fiat Chrysler) and PSA (Peugeot Citroen).

On January 4, FCA and PSA Group each held a shareholders' meeting, and the merger of the two major groups was formally approved by shareholders of both parties with a large majority of votes.

Stellantis, which FCA and PSA plan to establish, will become the world's fourth largest automaker with a market value of US$52 billion (approximately RMB 335.9 billion).

According to the plan, Stellantis' shares will begin trading on the Milan and Paris stock exchanges on January 18, and trading on the New York Stock Exchange is scheduled for January 19.

It is reported that the word Stellantis comes from the Latin word Stello, which means "illuminated by stars", implying that the merger of the two companies will bring a new pattern to the global automotive market.

The newly formed Stellantis will become a giant with annual sales of 8.7 million vehicles, second only to Volkswagen Group, Toyota Group, and Renault-Nissan-Mitsubishi Alliance. Stellantis' annual revenue will exceed 165 billion euros, and the merger is expected to bring annual cost savings of 5 billion US dollars to the group as a whole.

In addition, the merged Stellantis Group will own a total of 14 automobile brands, including Fiat, Maserati, Jeep, Citroen, Peugeot, Citroen, and Opel. However, the Stellantis name and logo will only be used at the group level, and the names and logos of each sub-brand will continue to be used.

Regarding this merger, Carlos Tavares, Chairman of the Management Board of PS Group, said: "We are ready"; FCA Chairman John Elkann said that Stellantis "will dominate and redefine mobility in the next decade."

It is also worth mentioning that although it is widely regarded as a merger of equals, from a technical perspective such as financial reporting and structure, this transaction is actually an acquisition of FCA Group by SPA Group.

As a winner of Toutiao's Qingyun Plan and Baijiahao's Bai+ Plan, the 2019 Baidu Digital Author of the Year, the Baijiahao's Most Popular Author in the Technology Field, the 2019 Sogou Technology and Culture Author, and the 2021 Baijiahao Quarterly Influential Creator, he has won many awards, including the 2013 Sohu Best Industry Media Person, the 2015 China New Media Entrepreneurship Competition Beijing Third Place, the 2015 Guangmang Experience Award, the 2015 China New Media Entrepreneurship Competition Finals Third Place, and the 2018 Baidu Dynamic Annual Powerful Celebrity.