History of Stellantis in Timeline
Stellantis N.V. is a multinational automotive manufacturing corporation formed in 2021 through the merger of Fiat Chrysler Automobiles (FCA) and PSA Group. The company is headquartered in Hoofddorp, Netherlands. Stellantis is the world's fourth largest automaker by sales as of 2022. Some of the brands under Stellantis include Abarth, Alfa Romeo, Chrysler, Citroën, Dodge, DS Automobiles, Fiat, Fiat Professional, Jeep, Lancia, Maserati, Opel, Peugeot, Ram, and Vauxhall.
December 2019: Merger Agreement with PSA
In December 2019, FCA and PSA agreed to merge, creating the world's fourth-largest carmaker by global vehicle sales with expected annual cost savings.
December 2020: European Commission Merger Approval
The European Commission approved the FCA and PSA merger in December 2020 with minimal remedies to ensure competition.
2020: Stellantis Expands Circular Economy Initiatives
In 2020, Stellantis, then known as PSA Group, acquired B-Parts, a prominent platform for selling used auto parts. This acquisition aimed to bolster their circular economy efforts within their aftermarket services.
January 2021: Post-Merger Structure and Leadership
Following the merger in January 2021, PSA merged into FCA, with FCA as the surviving company. The Stellantis board was formed with 11 directors.
January 2021: Merger Completion and Name Change
The merger between FCA and PSA was completed in January 2021, and the merged company was renamed Stellantis N.V.
November 2021: Charging Station Network and Chip Shortage
Stellantis started a charging station network in November 2021 but faced sales drops due to a semiconductor chip shortage.
2021: Brand Challenge and Electrification Plan
In 2021, CEO Carlos Tavares challenged Stellantis brands to prove themselves and announced plans for significant investment in electrified vehicle models and platforms.
2021: Stellantis Formation
Stellantis N.V. was formed in 2021 through the merger of Fiat Chrysler Automobiles (FCA) and the French PSA Group.
May 2022: Guilty Plea and Fine
Stellantis pleaded guilty and paid a $300 million fine in May 2022 to settle a probe into concealing pollution from diesel vehicles.
June 2022: Production Pause Due to Chip Shortage
In June 2022, Stellantis paused production at two French plants due to ongoing semiconductor chip shortages.
July 2022: Acquisition of Share Now
Stellantis acquired the carsharing platform Share Now in July 2022 and placed its operational management under Free2move.
November 2022: Acquisition of aiMotive
Stellantis acquired the autonomous vehicle technology company aiMotive in November 2022.
February 2023: Software Development Hub in Poland
In February 2023, Stellantis announced a new software development and engineering hub in Gliwice, Poland.
October 2023: Acquisition of Leapmotor Stake
In October 2023, Stellantis acquired a stake in Chinese electric vehicle manufacturer Leapmotor, gaining exclusive rights to sell and manufacture their products outside China.
2023: Stellantis Ranking and Recognition
As of 2023, Stellantis was the world's fourth-largest automaker by sales and ranked 61st in the Forbes Global 2000.
2038: Stellantis Aims for Carbon Net Zero
By 2038, Stellantis plans to achieve carbon neutrality. This aligns with their SUSTAINera initiative, which encompasses a circular economy approach to extend the lifespan of auto parts and minimize the use of natural resources.
