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FCA, Groupe PSA merger officially named Stellantis
Read full article: FCA, Groupe PSA merger officially named StellantisDETROIT The merger between Fiat Chrysler Automobiles (FCA) and Groupe PSA (PSA Peugeot) has born a new name: Stellantis. Actually, its officially STELL/\NTIS, a name rooted in the Latin verb stello meaning to brighten with stars, according to the automakers joint news release on Wednesday. FCA and PSA announced in December they signed a binding merger deal creating the worlds fourth-largest auto company with the scale to confront the challenges of stricter emissions regulations and the transition to new driving technologies. The companies said the new group will be led by PSAs cost-cutting CEO Carlo Tavares, with Fiat Chryslers chairman John Elkann as chairman of the merged company. Fiat Chrysler CEO Mike Manley will stay on, but it was not announced in what capacity.