Skip to content
  • Guides
  • Features
  • Gear
  • Reviews
  • Electric Vehicles
  • Comparisons
  • News
  • What’s New
Menu
  • Guides
  • Features
  • Gear
  • Reviews
  • Electric Vehicles
  • Comparisons
  • News
  • What’s New
Facebook Twitter Instagram
Search
Close
  • YTD
  • News

Shareholders approve FCA-Groupe PSA merger; here’s what’s next

Chris Teague

Chris Teague

  • January 4, 2021
  • 6:32 pm
  • No Comments
A new Stellantis company logo was revealed last year ahead of Groupe PSA-Fiat Chrysler merger.

The shareholders of Fiat Chrysler Automobiles N.V. (FCA) and Peugeot S.A. (Groupe PSA) have approved a merger of the two companies to create Stellantis N.V. (Stellantis). More than 99 percent of the votes cast were in favor of the transaction.

As part of the merger vote, shareholders of FCA also approved the adoption of the Stellantis’ Articles of Association and appointment of the previously announced members of the Board of Directors of Stellantis.

Jeep Compass 4xe (European model)
The Jeep Compass 4xe is available in overseas markets where PSA Groupe already sells cars.

Photo courtesy of FCA

The Board of Directors was announced in October 2020 and includes various members of 11 members. FCA and its reference shareholder Exor nominated five members and Groupe PSA and two of its reference shareholders (EPF/FFP and BPIfrance). nominated five members.

The non-executive directors include Andrea Agnelli (board member of Fiat and Exor), Fiona Clare Cicconi (Google’s new head of people operations), Nicolas Dufourcq (general manager of BPIfrance), Ann Frances Godbehere (Non-Executive Independent Director of Royal Dutch Shell Plc), Wan Ling Martello (former Executive Vice President of Nestle, also sits on Uber’s board of directors), Jacques de Saint-Exupéry (longtime union insider in France) and Kevin Scott (Microsoft’s chief technology officer).

John Elkann will serve as Chairman and Robert Peugeot will be Vice Chairman. Current FCA CEO Mike Manley will not serve on the board. He will instead head up the company’s efforts in the Americas.

All appointments are effective on the date of the merger’s completion.

What’s next for Stellantis

The final regulatory clearances for the company were completed over the course of the last month, including those from the European Commission and the European Central Bank. With those in hand, the merger is expected to be completed on January 16, 2021.

Stellantis’ common shares will begin trading on the Euronext in Paris and on Mercato Telematico Azionario in Milan on Monday, January 18, 2021, and on the New York Stock Exchange on Tuesday, January 19, 2021.

There is no official word on when vehicles by Groupe PSA’s brands will make their way to U.S. markets. It’s more likely that ahead of any brand emergence, there will be Groupe PSA vehicle components that make their way into traditionally FCA products. This includes electrification technology, which FCA’s U.S. brands have only just started tapping into.

Share this on your community

Facebook
Twitter
Pinterest
LinkedIn
Reddit
WhatsApp
Telegram
Email
PrevPreviousNew Bentley Bentayga Hybrid gets 443 bhp, 31 miles of all-electric range
NextBlink Roadside skill for Amazon Alexa allows voice-activated roadside helpNext

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Latest

The quick take review: 2023 Honda HR-V AWD

10 Valuable Parts Of Your Wrecked Car That Can Earn You Some Cash

These are the safest 2023 vehicles you can buy right now

GMC Sierra vs Chevy Silverado: Head to head

Giveaway: Team O’Neil and Skip Barber Racing School passes

Sign up our newsletter to win a Giveaway

Giveaway alert: We’ve got three Glove Box car detailing kits, Each box valued at more than $90

On or around January 2, 2023, we will randomly pick three email addresses from our newsletter mailing list.

Topics

  • Features
  • Guides
  • Gear
  • Reviews
  • Electric Vehicles
  • News
  • Comparisons
  • What's New

Related Post:

blank

Ranked: Full-size trucks with the most torque for 2023

02/17/2023
blank

Ranked: The best EVs for towing in 2023

02/15/2023
artificial intelligence

Your Test Driver will not use content written by artificial intelligence

01/18/2023
Mechanic gloves

Buying guide: Best mechanic gloves for 2022

08/27/2022
Chevrolets, Buicks, Pontiacs, and Ferraris all made this list.

61 cars, trucks, and SUVs named after places

08/10/2021
2023 honda HR-V

The quick take review: 2023 Honda HR-V AWD

03/21/2023
blank

10 Valuable Parts Of Your Wrecked Car That Can Earn You Some Cash

03/20/2023
car warranty coverage

These are the safest 2023 vehicles you can buy right now

03/19/2023
GMC Sierra vs Chevy Silverado

GMC Sierra vs Chevy Silverado: Head to head

03/15/2023

Sign up our newsletter to win a Giveaway

Giveaway alert: We’ve got three Glove Box car detailing kits, Each box valued at more than $90

On or around January 2, 2023, we will randomly pick three email addresses from our newsletter mailing list.

  • About Us
  • Contact Us
  • Privacy Policy
  • Terms Of Use
  • About Us
  • Contact Us
  • Privacy Policy
  • Terms Of Use
Facebook Twitter Instagram

Copyright Yourtestdriver 2022 || All Right Reserved

Your Test Driver

  • About Us
  • Contact Us
  • Privacy Policy
  • Terms Of Use
Menu
  • About Us
  • Contact Us
  • Privacy Policy
  • Terms Of Use

Subscribe our newsleter

  • Guides
  • Features
  • Gear
  • Reviews
  • Electric Vehicles
  • Comparisons
  • News
  • What’s New
Menu
  • Guides
  • Features
  • Gear
  • Reviews
  • Electric Vehicles
  • Comparisons
  • News
  • What’s New

Your Test Driver

  • Guides
  • Features
  • Gear
  • Reviews
  • Electric Vehicles
  • Comparisons
  • News
  • What’s New
  • Guides
  • Features
  • Gear
  • Reviews
  • Electric Vehicles
  • Comparisons
  • News
  • What’s New