Tag: FCA

A Year of Poor Planning Led to Carmakers’ Massive Chip Shortage

(Bloomberg) — Near-sighted planning, supply-chain complexities and a tradition of keeping inventories low caused the semiconductor shortage that is now forcing carmakers to idle production lines and straining their relationship with chip manufacturers. Seeds of the imbroglio were sown almost a year ago as the virus outbreak led to plunging car demand, prompting auto-chip companies… Continue reading A Year of Poor Planning Led to Carmakers’ Massive Chip Shortage

Vauxhall plant at risk after ‘brutal’ 2030 ban, says Stellantis boss

The future of Vauxhall’s UK car production will depend on government support after the “brutal” decision to ban the sale of new petrol and diesel cars from 2030, according to the boss of Stellantis, the newly formed carmaker. Stellantis was officially created on Saturday after the completion of the merger between Fiat Chrysler Automobiles and… Continue reading Vauxhall plant at risk after ‘brutal’ 2030 ban, says Stellantis boss

Stellantis targets annual synergies of 5 billion euros, announces management structure

Stellantis, the car-making giant formed by the merger of the PSA Group and Fiat Chrysler Automobiles (FCA), will embrace the diversity of its staff and brands as a strength rather than a weakness, according to boss Carlos Tavares. The new company is the world’s fourth-largest car firm, with 14 brands (including Abarth, Alfa Romeo, Citroën, DS, Fiat, Jeep, Peugeot and Opel/Vauxhal), more than 400,000 staff, industrial operations… Continue reading Stellantis targets annual synergies of 5 billion euros, announces management structure

Stellantis CEO says merger of Fiat Chrysler, Peugeot prevents job cuts

Don’t expect to see a Peugeot dealership popping up down the block anytime soon. That doesn’t mean the head of Stellantis, the new company formed from the merger this weekend of Fiat Chrysler Automobiles and PSA Group, won’t consider the possibility down the road.  But for right now, the closest most Americans might get to seeing… Continue reading Stellantis CEO says merger of Fiat Chrysler, Peugeot prevents job cuts

@Groupe PSA: PR Appointment of the Top Executive Team to steer Stellantis001035

Amsterdam – Stellantis is establishing an efficient governance from Day One with the appointment of the Top Executive Team, together with the 9 dedicated committees covering company-wide performance and strategy.* Carlos Tavares, CEO of Stellantis, said: “This highly competitive, committed and well balanced team will leverage its combined skills and diverse backgrounds to guide Stellantis,… Continue reading @Groupe PSA: PR Appointment of the Top Executive Team to steer Stellantis001035

@Groupe PSA: PR Stellantis: Building a world leader in sustainable mobility001034

A new company with the agility, creativity and efficiency to capture the opportunities of the new era of mobility, offering innovative solutions that will help change the way society moves Rich heritage stemming from storied and iconic automotive marques, innovative mobility brands and deep roots in the communities in which it operates Well positioned to… Continue reading @Groupe PSA: PR Stellantis: Building a world leader in sustainable mobility001034

@Groupe PSA: PR The new name and governance of Stellantis take effect001033

Lijnden – Stellantis N.V. (NYSE / MTA / Euronext Paris: STLA) (“Stellantis”) announced today that, following completion of the merger of Peugeot S.A. (“Groupe PSA”) and Fiat Chrysler Automobiles N.V. (“FCA”) on January 16, 2021, today the combined company was renamed Stellantis, the Board of Directors of Stellantis was appointed, and Stellantis’s Articles of Association… Continue reading @Groupe PSA: PR The new name and governance of Stellantis take effect001033

@Groupe PSA: PR Merger of FCA and Groupe PSA approved by shareholders: FCA and Groupe PSA expect to complete the combination on January 16, 2021001032

Vélizy-Villacoublay and London – Fiat Chrysler Automobiles N.V. (“FCA”) (NYSE: FCAU / MTA: FCA) and Peugeot S.A. (“Groupe PSA”) announce that their respective shareholders’ meetings, held today, approved the merger of FCA and Groupe PSA to create Stellantis N.V. (“Stellantis”) by an overwhelming majority (with more than 99% of the votes cast in favor of… Continue reading @Groupe PSA: PR Merger of FCA and Groupe PSA approved by shareholders: FCA and Groupe PSA expect to complete the combination on January 16, 2021001032

@FCA: Appointment of the Top Executive Team to steer Stellantis

Appointment of the Top Executive Team to steer StellantisStellantis is establishing an efficient governance from Day One with the appointment of the Top Executive Team, together with the 9 dedicated committees covering company-wide performance and strategy.*Carlos Tavares, CEO of Stellantis, said: “This highly competitive, committed and well balanced team will leverage its combined skills and… Continue reading @FCA: Appointment of the Top Executive Team to steer Stellantis