Posted on Jan 13, 2021, 5:00 PM
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Marriage concluded between PSA and Fiat. The giant which will be born from this union on January 16 under the name of Stellantis, in Latin “to shine with stars”, will be the fourth car manufacturer with 8 million vehicles produced per year. The merger has nonetheless been closely studied by the European competition authorities.
By having a strong impact on the automobile market in Europe, the health crisis temporarily froze the conclusion of the agreement. In September, concessions had to be granted on dividends in order to preserve the cash flow of the whole, undermined by the historic fall in vehicle sales. However, each one having been able to preserve profits in 2020. Good health which made it possible to conclude the marriage under the best possible auspices.
The Story is a podcast of “Echoes” presented by Pierrick Fay. This episode was recorded in January 2021. Editor-in-chief: Clémence Lemaistre. Guest: Lionel Steinman (automotive journalist at Les Echos). Director: Willy Ganne. Music: Théo Boulenger. Graphic identity: Upian. Photo: PSA. Sounds: “I promise you – The Vow” (2012), Dirty Dancing (1987), “Weddings! »(2004), France 24, Europe 1, Peugeot, Fiat, Autosital, DeveloppementPerso.
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