Not British, but Fiat, Chrysler, and Peugeot = Stellantis

November 9, 2020 Staff Corporate Business, Highlights, Vauxhall Comments Off

In a major step as they move towards the completion of their 50:50 merger as defined in the Combination Agreement announced on 18 December 2019, Peugeot S.A. (“Groupe PSA”) and Fiat Chrysler Automobiles N.V. (“FCA”) (NYSE: FCAU / MTA: FCA) today announce that the corporate name of the new group will be STELLANTIS. While this isn’t of direct interest to British car enthusiasts – except perhaps in that it involves Vauxhall – any mergers such as this can change the entire automotive ecosystem.

Fiat Chrysler Automobiles (FCA) is a global automaker that designs, engineers, manufactures, and sells vehicles in a portfolio of exciting brands, including Abarth, Alfa Romeo, Chrysler, Dodge, Fiat, Fiat Professional, Jeep®, Lancia, Ram, and Maserati. It also sells parts and services under the Mopar name and operates in the components and production systems sectors under the Comau and Teksid brands. FCA employs nearly 200,000 people around the globe.

Groupe PSA designs unique automotive experiences and delivers mobility solutions to meet all customer expectations. The Group has five car brands, Peugeot, Citroën, DS, Opel, and Vauxhall and provides a wide array of mobility and smart services under the Free2Move brand.

The new name STELLANTIS is rooted in the Latin verb “stello” meaning “to brighten with stars”. It draws inspiration from this new and ambitious alignment of storied automotive brands and strong company cultures that in coming together are creating one of the new leaders in the next era of mobility while at the same time preserving all the exceptional value and the values of its constituent parts. STELLANTIS will combine the scale of a truly global business with an exceptional breadth and depth of talent, know-how, and resource capable of providing sustainable mobility solutions for the coming decades. The name’s Latin origins pay tribute to the rich history of its founding companies while the evocation of astronomy captures the true spirit of optimism, energy, and renewal driving this industry-changing merger.

The completion of the merger project is expected to occur in the first quarter of 2021, subject to customary closing conditions, including approval by both companies’ shareholders at their respective Extraordinary General Meetings and the satisfaction of antitrust and other regulatory requirements.

As for the composition of the Board of Directors of Stellantis, FCA and its reference shareholder Exor have nominated 5 members (including John Elkann as Chairman) and Groupe PSA and two of its reference shareholders (EPF/FFP and BPIfrance) have nominated 5 members (including the Senior Independent Director and the Vice-Chairman). Carlos Tavares, Stellantis’ Chief Executive Officer, will also be a member of the Board of Directors.

The full composition of the Stellantis Board of Directors will be as follows, subject to shareholder vote:
John Elkann (Chairman)
Robert Peugeot (Vice-Chairman)
Henri de Castries (Senior Independent Director)
Andrea Agnelli (Non-Executive Director)
Fiona Clare Cicconi (Non-Executive Director)
Nicolas Dufourcq, (Non-Executive Director)
Ann Frances Godbehere, (Non-Executive Director)
Wan Ling Martello (Non-Executive Director)
Jacques de Saint-Exupéry, (Non-Executive Director)
Kevin Scott (Non-Executive Director),
Carlos Tavares (Chief Executive Officer)

Note: Press release courtesy of Groupe PSA.

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Vauxhall Celebrating Milestone with GM

May 7, 2015 Staff Corporate Business, Highlights, Marques, Vauxhall Comments Off

General Motors has become the first car manufacturer in the world to produce 500 million vehicles, as Vauxhall in the UK – GM’s fourth largest market – celebrates 90 years of ownership by the US company. Commenting on the milestone achievement, Mary Barra, GM’s CEO, said: “During 2015, we expect to sell more than 1,000 new vehicles per hour, 24 hours per day. This adds up to nearly ten million vehicles, the most in our history. I look at this extraordinary volume as ten million opportunities to prove what kind of company we are and to say thank you.’ The landmark figure came 90 years after General Motors purchased Vauxhall in 1925 in what was the American company’s first overseas acquisition. Luton-based Vauxhall, which is Britain’s oldest surviving car manufacturer, quickly repaid GM’s investment and to date has sold nearly […]

VotW - A History of the Vauxhall

VotW – A History of the Vauxhall

February 22, 2017 Michael Carnell Video of the Week, Articles, Highlights, Vauxhall Comments Off

Our video this week features the history of a car that most Americans don’t think about and most probably have never even heard of. The Vauxhall brand though has consistently been one of the best-selling automotive brands in Britain. Let’s turn to Wikipedia for a bit of info … Vauxhall Motors is the trading name used by General Motors UK Limited) is a British automotive manufacturing and distribution company headquartered in Luton (Bedfordshire) and an affiliated company of the German Adam Opel AG, both being wholly owned subsidiaries of General Motors (GM) in the United States. The company sells passenger cars and light commercial vehicles under the Vauxhall marque; in the past it has also sold buses and trucks under the Bedford brand. Vauxhall has been the second-largest-selling car brand in the UK for more than two decades. Vauxhall was […]

Vauxhall

Vauxhall Terminates UK Contracts and Closes Dealerships

April 17, 2018 Staff Highlights, Vauxhall 2

Astra La Vista Vauxhall has terminated contracts with all its 326 dealerships. This will lead to Vauxhall closing one in three of its dealerships across Britain. This will affect 3,700 British jobs The company will scale back its operation amid falling sales and changes to the way motorists buy cars. Vauxhall Motors Limited is one of the oldest established vehicle manufacturers and distribution companies in the United Kingdom and has its headquarters in Luton, Bedfordshire, England. Although at first an independent manufacturer and at one time a subsidiary of GM, it is now a subsidiary of the French automotive giant Groupe PSA which also manufactures vehicles under the Opel, Peugeot, Citroën, and DS brands. Staff

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