FCAU - Stellantis set to become world's fourth largest carmaker

Following two years of on-again off-again talks, the transformation of the car industry and a global pandemic, shareholders are poised to sign off on a merger today between Fiat Chrysler (FCAU) and Peugeot (PEUGF) owner PSA.Calling the combined company Stellantis, executives hope to boost returns with scale. It'll utilize Fiat's Ram and Jeep divisions in North America, revitalized Peugeot and Citroen brands that have excelled in Europe, as well as greater resources to compete with electric carmakers that are reshaping the sector.Many challenges await. Neither company has much of a foothold in the luxury car business or China's vast auto market. The prior merger of Fiat and Chrysler also did little to improve the fortunes of Alfa Romeo and Maserati, while PSA's purchase of Opel only made the company more reliant on Europe."Stellantis will be a sort of conglomerate of brands, some great and some not so good and most

For further details see:

Stellantis set to become world's fourth largest carmaker