Thursday , February 9 2023

Stellantis is the new star in the car sky


In the end, it’s only a form: just before Christmas, after the EU Commission approved the merger of two major corporations, PSA and FCA, shareholders gave the green light to the mega merger with broad support.

Current PSA CEO Carlos Tavares will head the new industrial giant’s official name Stellantis (Latin “stellar”: to shine through the stars). Under his leadership, Volkswagen became the fourth largest carmaker in the world after the creation of Toyota and Renault-Nissan. With 400,000 employees worldwide, it will produce 8.7 million cars a year and generate sales of 187 billion Swiss francs.

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