Stellantis

Stellantis N.V. is a multinational automaker formed in 2021 through the merger of the Italian–American conglomerate Fiat Chrysler Automobiles (FCA) and the French PSA (Peugeot S.A.) Group. The company's headquarters is in Hoofddorp, Netherlands.

In February 2025, Stellantis was the world's fifth-largest automaker by sales volume, trailing Toyota, Volkswagen Group, Hyundai Motor Group, and Renault Nissan Alliance, according to industry reports. That same year, it ranked 61st on the ''Forbes'' Global 2000 list of the world’s largest public companies. Its shares are listed on the Euronext Paris, Borsa Italiana, and New York Stock Exchange.

Stellantis designs, manufactures, and markets vehicles under 14 brands: Abarth, Alfa Romeo, Chrysler, Citroën, Dodge, DS, Fiat, Jeep, Lancia, Maserati, Opel, Peugeot, Ram Trucks, and Vauxhall. At the time of the merger, the company reported approximately 300,000 employees, manufacturing operations in 30 countries, and a commercial presence in over 130 countries.

Etymology

"Stellantis" is rooted in the Latin verb , in present participle with adjectival value , and means "stellar", i.e. "starlike", while " N.V." is the Dutch abbreviation which signifies a publicly traded company, equivalent to the British " PLC" and the French " S.A.".

History

In early 2019, Fiat Chrysler Automobiles (FCA) sought a merger with French automaker Renault and reached a provisional agreement with the company. The French government's approach during the negotiations, aimed at protecting its brand, ultimately led to the abandonment of the deal with ''The Economist'' reporting that "for FCA, this portended future interference". Nissan also had various concerns about the impact of the proposal on its alliance with Renault. Subsequently, FCA approached Peugeot S.A. (PSA). The merger, agreed to in December 2019, created the world's fourth-largest carmaker by global vehicle sales with expected annual cost savings of €3.7 billion, or about US$4.22 billion.

On 21 December 2020, the European Commission approved the merger, while imposing minimal remedies to ensure competition in the sector. The merger was approved on 4 January 2021 by the shareholders of both FCA and PSA. The deal was completed on 16 January 2021, and the merged company was renamed Stellantis N.V. the following day. Common shares of the new company began trading on the Milan Stock Exchange and Euronext Paris on 18 January 2021 and on the New York Stock Exchange on 19 January 2021, in each case under the ticker symbol "STLA". The name ''Stellantis'' is exclusively used to identify the corporate entity, however group brand names and logos remain unchanged.

PSA merged with and into Fiat Chrysler Automobiles N.V., with Fiat Chrysler Automobiles N.V. as the surviving company in the merger. On 17 January 2021, the combined company was renamed Stellantis N.V. International Financial Reporting Standards (IFRS) mandated the identification of the company acting as the acquirer and the company being acquired. Peugeot is considered the acquirer for accounting purposes, and statements reflect PSA's historical records. Per the filing, the Stellantis board had 11 directors; six from PSA and five from Fiat Chrysler.

The new company's first CEO was Carlos Tavares, the former president of the PSA managing board, as well as former CEO of PSA Group, serving a five-year term as CEO. PSA shareholders paid a pre-merger premium to FCA shareholders. Exor, the Agnelli family company that was the largest shareholder of FCA, held the largest stake in Stellantis with 14.4%. The merger agreements allowed the Peugeot family to increase its current 7.2% stake in Stellantis by up to an additional 1.5% by acquiring shares from France's state lender Bpifrance, from Dongfeng, or on the market.Stellantis shareholder Dongfeng sells down stake for 600 mln euros
Reuters, 8 September 2021

In 2021, then-CEO Carlos Tavares challenged the group’s brands to demonstrate viability within a 10-year window, in exchange for much-needed investment in new models and technology. The group planned to have 29 electrified vehicle models available by the end of 2021. Stellantis planned to develop four EV platforms by the end of the 2020s. Overall, the company announced more than €30bn would be invested by the end of 2021.

In the third quarter of 2021, Stellantis sales dropped due to the supply chain shortage of semiconductor chips used in their vehicles. Stellantis signed an agreement with chipmaker Foxconn to supply chips for the company and others in the automotive industry. In June 2022, the company paused production at two French plants due to the same shortages as 2021.

In April 2022, Stellantis halted operations in Russia due to logistical difficulties and the sanctions imposed on the country following the Russian invasion of Ukraine in 2022. On 15 February 2024, Russian operators, collaborating with Dongfeng Motor Group, initiated the production of new Citroën models at a majority owned Stellantis plant in Kaluga, Russia, despite Stellantis having already halted its Russian operations. Stellantis claimed that it has "lost control of its entities in Russia."

In May 2022, Stellantis pleaded guilty to criminal conduct and paid $300 million to settle a probe into its effort to illegally conceal the amount of pollution created by its diesel-engined vehicles. This settled a years-long probe by the United States Department of Justice into the auto maker's efforts to evade emissions requirements for more than 100,000 older models. On 8 July 2022, Stellantis acquired the carsharing platform Share Now. Stellantis placed Share Now's operational management under Free2move. In November 2022, Stellantis acquired the Budapest-headquartered autonomous vehicle technology company aiMotive.

On 15 February 2023, Stellantis said it would establish a new software development and engineering hub in Gliwice, Poland.

On June 20, 2023, Stellantis and iPhone assembler Foxconn joined a 50-50 joint venture named SiliconAuto to design and sell semiconductors for the automotive industry from 2026. The headquarters for SiliconAuto is rumored to be located in the Netherlands.

On 26 October 2023, Stellantis acquired "approximately 20%" of Chinese electric vehicle manufacturer Leapmotor in a transaction worth €1.5 billion. Under the terms of the agreement, Stellantis gained exclusive rights to sell, export, and manufacture Leapmotor products outside of China under the newly established joint venture Leapmotor International, of which Stellantis holds 51% of the capital. The joint venture will be registered in the Netherlands, and it also includes the possibility of producing the brand's cars in Europe if duties on Chinese cars are raised. The JV's target is 500,000 sales outside China by 2030.

The company announced a 3 billion euro ($3.2 billion) share buyback in 2024.

In March 2024, it was announced Stellantis had acquired a stake in the Grenoble-headquartered optical radar start-up, SteerLight. The company manufactures sensors for autonomous driving.

On 1 December 2024, the board accepted Carlos Tavares’ resignation as CEO; a new Interim Executive Committee, chaired by John Elkann, was established to identify a new CEO.

On May 28, 2025, the board unanimously selected Antonio Filosa to be the next CEO. The board announced that Filosa is to receive CEO powers starting on June 23, 2025. Filosa is a 25-year veteran of the company, having led the conglomerate both in North America and South America, as well as being the brand CEO of some Stellantis brands, including Jeep. Antonio Filosa is expected to focus more on the American market than the previous CEO, Carlos Tavares, did. Filosa will announce the new Stellantis leadership team once he officially takes on the role as CEO on June 23.

Brands

The active brand portfolio of Stellantis is shown below. This list does not contain any discontinued brands owned by the company which have been placed into dormancy either directly or by its predecessor organizations.

Ownership

Following the 50% FCA and 50% PSA merger, the major owners were:
* Agnelli family ( Exor): 14.20%
* Peugeot family ( Peugeot Invest): 7.08%
* Bpifrance: 6.09%
* BlackRock: 3.54%

Leadership

Senior management

* ''Chairman:'' John Elkann (since January 2021)
* ''Vice chairman:'' Robert Peugeot (since January 2021)
* ''Chief executive:'' Antonio Filosa (beginning June 2025)

Current assembly plants

Africa

Asia

Europe

North America

South America

Oceania

Former assembly plants

Motorsport

Stellantis Motorsport is a department led by director and senior vice president Jean-Marc Finot. It is responsible for the motorsport activities of the corporation's brands, divisions, and subsidiaries:
* Citroën Racing
** Commercial operation focusing on customer racing with the Citroën C3 Rally2, although known to be supporting entries in WRC2
* DS Performance
** Entrant in Formula E World Championship
* Maserati
** Entrant in Formula E World Championship
* Opel Motorsport
** Manufacturer of the electric rally car Opel Corsa-e Rally and organiser of its Opel e-Rally Cup
** Commercial operation focusing on customer racing with the Opel Corsa Rally4
* Peugeot Sport
** Entrant of the FIA World Endurance Championship
** Commercial operation focusing on customer racing with the Peugeot 208 Rally4

The ''Stellantis Motorsport Racing Shop'' combines Citroën Racing, Peugeot Sport and Opel Motorsports' customer racing distribution and retail sales operations. It is also known as Peugeot Citroën Racing Shop and Peugeot Citroën Opel Racing Shop.

The ''Stellantis Motorsport Cup'' is a rally competition run in Belgium, France and Spain using Peugeot 208 and Opel Corsa Rally4 cars. The cup originated in Belgium and Luxembourg as ''PSA Motorsport Cup Belux''.

Technology

Electrification Strategy

In 2021 Stellantis released their "Dare Forward" strategic plan, which aims to invest €50 billion before 2030 to fund electrification of vehicles and sets global sales and sustainability targets. Goals include achieving 100% battery electric vehicle (BEV) sales for passenger cars in Europe and 50% of passenger car and light-duty truck sales in the United States by 2030, across 75 electric vehicle models. Stellantis is using a mix of nickel-based (NMC) and cobalt-free battery packs, and lithium iron phosphate (LFP) packs for cheaper BEV variants, to power vehicles with front-, rear-, and all-wheel-drive systems, for driving ranges between 500 and 800 kilometers (300–500 miles).

Sustainability

In 2023, Stellantis introduced SUSTAINera, a hub for recycling and sourcing used parts to improve cirular economy sustainability goals, reduce waste, and offset emissions. The initiative aims to contribute to the goal of achieving carbon net zero by 2038. Stellantis hopes to also further these goals by integrating its B-Parts aftermarket platform, acquired by PSA in 2020.

On 12 December 2024, it was reported that Stellantis have agreed to establish a joint-venture with Contemporary Amperex Technology Co. Ltd. to invest €4.1 billion in building a large-scale lithium iron phosphate battery plant in Zaragoza, Spain. This is in line with their 2038 zero carbon target.

See also

* List of Stellantis platforms

References

External links

*

STELLANTIS: The name of the new group resulting from the merger of FCA and Groupe PSA
joint press release of FCA and PSA

{{Portal bar, Netherlands, Cars, Companies

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