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Stellantis N.V.

The Chrysler World Headquarters and Technology Center in Auburn Hills, Michigan, headquarters of Stellantis North America
Type	Public
Traded as	BIT: STLAM Euronext Paris: STLAP NYSE: STLA FTSE MIB Component CAC 40 Component
ISIN	NL00150001Q9
Industry	Automotive Production systems
Predecessors	Fiat Chrysler Automobiles (FCA) PSA Group
Founded	17 January 2021; 3 years ago (2021-01-17)
Headquarters	Hoofddorp , Netherlands
Area served	Worldwide
Key people	John Elkann (chairman) Carlos Tavares (CEO) Robert Peugeot (vice chairman)
Brands	Abarth Alfa Romeo Chrysler Citroën Dodge DS Fiat Jeep Lancia Maserati Opel Peugeot Ram Vauxhall
Production output	6.168 million vehicles (2023)
Revenue	€189.5 billion (2023)
Operating income	€22.4 billion (2023)
Net income	€18.6 billion (2023)
Total assets	€202.1 billion (2023)
Total equity	€82.1 billion (2023)
Owners	Exor (13.99%) Peugeot Invest (6.98%) Bpifrance (6%)
Number of employees	258,275 (2023)
Subsidiaries	Stellantis Argentina Stellantis Europe Fiat Professional Heritage VM Motori Stellantis Gurun (Malaysia) Stellantis North America Mopar SRT Stellantis Canada Stellantis Poland Stellantis Pro One FCA India Automobiles Fiat Chrysler Australia Fiat Ireland Citroën Chile Citroën India Comau Sevel Stellantis Financial Services aiMotive Centro Ricerche Fiat PCMA Teksid (84.8%) Fiat Serbia (67%) Leapmotor (20%) Leapmotor International (51%) DPCA (50%) Emotors (50%) IKAP (50%) Leasys (50%) Free2move Share Now PSA AVTEC (50%) SAIPA Citroën (50%) Tofaş (37%) Berjaya Auto Alliance (29%)

Stellantis N.V. is a multinational automotive manufacturing corporation formed from the merger in 2021 of the Italian–American conglomerate Fiat Chrysler Automobiles (FCA) and the French PSA Group. The company headquarters is in Hoofddorp, Netherlands.

As of 2023, Stellantis was the world's fourth-largest automaker by sales, behind Toyota, Volkswagen Group, and Hyundai Motor Group. In 2023, the company was ranked 61st in the Forbes Global 2000. The company's stock is listed on the Borsa Italiana, Euronext Paris and the New York Stock Exchange.

Stellantis designs, manufactures, and sells automobiles bearing its 14 brands: Abarth, Alfa Romeo, Chrysler, Citroën, Dodge, DS, Fiat, Jeep, Lancia, Maserati, Opel, Peugeot, Ram, and Vauxhall. At the time of the merger, Stellantis had approximately 300,000 employees, a sales presence in more than 130 countries, and manufacturing facilities in 30 countries.

Etymology

The name comes from the Latin verb stello, in present participle with adjectival value stellans, and carries the meaning "of that (Latin all-gender genitive suffix) that brightens/is adorned/belongs with stars". N.V. stands for naamloze vennootschap, meaning "nameless partnership" in Dutch, refers to a type of public company.

History

In early 2019, Fiat Chrysler Automobiles (FCA) sought a merger with French automaker Renault and reached a provisional agreement with the company. The behaviour of the French government during negotiations led to the abandonment of the deal; The Economist reported 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, was to create 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 to 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".

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, or IFRS, mandate 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, vested with full authority to represent Stellantis, was Carlos Tavares, the former president of the PSA managing board, as well as former CEO of PSA Group, with a five-year term as Stellantis 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.

The name Stellantis is exclusively used to identify the corporate entity, while group brand names and logos remain unchanged. In 2021, CEO Carlos Tavares issued a challenge for the group's brands to prove themselves 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.

A network of charging stations started in November 2021. In the third quarter of 2021, Stellantis sales of new vehicles dropped due to issues related to the supply chain shortage of semiconductor chips used in their vehicles. Stellantis made an agreement with semiconductor manufacturer 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 shortages in semiconductors.

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 halting its Russian operations in April 2022. 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 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. 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.

Brands

The active brand portfolio of Stellantis as of 2023^[update] is shown below. This list does not contain any discontinued brands owned by the company which has been placed into dormancy either directly or by its predecessor organisations.

Brand	Origin	Established	Brand CEO
Abarth	Italy	1949	Olivier François
Alfa Romeo	Italy	1910	Jean-Philippe Imparato
Chrysler	United States	1925	Christine Feuell
Citroën	France	1919	Thierry Koskas
Dodge	United States	1914	Timothy Kuniskis
DS Automobiles	France	2014	Béatrice Foucher
Fiat	Italy	1899	Olivier François
Jeep	United States	1943	Antonio Filosa
Lancia	Italy	1906	Luca Napolitano
Maserati	Italy	1914	Davide Grasso
Opel	Germany	1862	Florian Huettl
Peugeot	France	1810	Linda Jackson
Ram	United States	2010	Timothy Kuniskis
Vauxhall	United Kingdom	1857	James Taylor

Ownership

Following the 50% FCA and 50% PSA merger, the owners were:

• Agnelli family (Exor): 14.20%
• Peugeot family (Etablissements Peugeot Frères, EPF): 7.08%
• Bpifrance: 6.09%
• BlackRock: 3.54%

Leadership

Senior management

• Chairman: John Elkann (since January 2021)
• Chief executive: Carlos Tavares (since January 2021)
• Vice chairman: Robert Peugeot [fr](since January 2021)

Board of directors

The executive board of Stellantis has 11 members. Six members come from PSA and leading shareholders (Bpifrance, FFP), including Carlos Tavares, former CEO of PSA, and five others come from Fiat Chrysler Automobiles and its main shareholder, Exor.

Current assembly plants

Africa

Asia

Europe

Opel Eisenach

Assembly line in Gliwice

North America

South America

Assembly line in the Goiana, Pernambuco plant, Brazil

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

Except for Maserati, the four remaining brands belonged to PSA Motorsport, a department of the former PSA Group before the creation of Stellantis.

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

Stellantis is implementing its Dare Forward 2030 plan, focusing on electrification. The company aims to invest over €50 billion in this initiative over the next decade. This includes achieving 100% battery electric vehicle (BEV) sales for passenger cars in Europe and 50% BEV sales for passenger cars and light-duty trucks in the United States by 2030. By then, Stellantis plans to have more than 75 BEV models available, targeting 5 million annual BEV sales globally. The strategy involves developing a variety of vehicle types with different battery technologies to maintain affordability and efficiency. Stellantis is using a mix of nickel- and cobalt-free, and nickel-based battery options, recently adding a lithium iron phosphate (LFP) battery pack for cheaper BEV variants. The plan also includes vehicles with front-, rear-, and all-wheel-drive systems, and aims for driving ranges between 500 and 800 kilometers (300–500 miles).

See also

• List of Stellantis platforms