On January 19th, 2020, the New York Stock Exchange listed the Stellantis ticker symbol STLA for the first time.
That pretty much put the cap on a merger over a year in the making between Fiat-Chrysler Automobiles (FCA) and Peugeot S.A. It also means Stellantis is now the fourth largest automobile manufacturer in the world, and is the parent company for 14 auto brands—including several you’ll be familiar with.
In addition to the ones Stellantis gained from FCA (Dodge, Fiat, Chrysler, Jeep, etc.), Peugeot brought its own eponymous marque to the table, plus other international brands like Citroen, Opel, and Vauxhall.
Stellantis will be headquartered in Amsterdam, Netherlands, and will have satellite offices in France, Italy, and the United States.
What Does the Stellantis Merger Mean to Folks in the U.S.?
Not much—for now. While early speculation was rampant (ranging from new American-based Peugeot dealerships all the way to sunsetting the Chrysler brand entirely), Stellantis doesn’t appear to be making any dramatic moves in the short term, and it has stated that all 14 current marques will continue new vehicle production.
(So if you were worried about the Jeep Wrangler 392’s impending arrival, breathe a short sigh of relief.)
More importantly, Stellantis says that, thanks to a more streamlined operating structure and resource sharing, it’s able to cut costs without closing any factories or laying off any personnel. And that’s good news.
Spoiler Alert: Lots of Electric Cars
File this under “Duh,” but given the Stellantis footprint in Europe, it’s not surprising that it’s moving full-steam (full-volt?) ahead on electric vehicle development. In fact, it already has a robust catalog of dozens of EVs, and plans to introduce close to a dozen more in the next year or so.
And the Company has made it clear that EVs are built into its production plans, as Stellantis hopes that, by 2025, it’ll have an EV version of every new car model.
So that may mean an electric Challenger, electric Wrangler, or even an all-electric Ram pickup truck may be hitting dealer showrooms a lot sooner than we think.
Stellantis just released a video for the North American market and it teases a few slick vehicle concepts too. Check it out below: