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Multinational automotive car manufacturing corporation
The company says the nameStellantis is derived from the Latin verbstello, meaning "to brighten with stars". The present participle form,stellans, carries the adjectival meaning "starry" or "starlike".[15][16] The suffix "N.V." stands fornaamloze vennootschap, a Dutch term for apublicly traded company, equivalent to "plc" in the United Kingdom or "S.A." in France.
In early 2019,Fiat Chrysler Automobiles (FCA) pursued a merger with French automakerRenault, reaching a provisional agreement.[17] However, the deal collapsed due to political concerns from the French government and resistance from Renault'salliance partner,Nissan.[18] FCA subsequently turned to another French automaker, thePSA Group, and in December 2019, the two companies agreed to merge, forming the world's fourth-largest automaker by global vehicle sales, with projected annual cost savings of €3.7 billion, or about US$4.22 billion.[15]
TheEuropean Commission approved the merger on 21 December 2020 with minimal conditions.[19] Shareholders of both companies approved the deal on 4 January 2021, and the merger was completed on 16 January 2021. The combined entity was renamed Stellantis N.V. on 17 January, with shares beginning to trade under the symbol "STLA" on theMilan Stock Exchange andEuronext Paris on 18 January and on theNew York Stock Exchange on 19 January.[20][21][22] For accounting purposes, PSA was designated the acquirer, and financial statements reflect PSA's historical performance.[15][23][24]
Following the merger, the largest shareholders of Stellantis wereExor, the investment company of theAgnelli family, the founders ofFiat, with a 14.2% stake;Peugeot Invest, the Peugeot family’s holding company, with 7%; andBpifrance, the French state-owned investment bank, with 6%.[24][25]
Carlos Tavares, the CEO of PSA Group, was appointed CEO of Stellantis with a five-year term. Immediately following the merger, Tavares announced plans to offer 29 electrified vehicle models by the end of 2021 and to invest over €30 billion in electrification and software by the end of the decade.[26][27][28][29][30]
In response to theglobal semiconductor shortage that forced the company to slow or stop production at its plants,[31] Stellantis signed a partnership withFoxconn in 2021 to co-develop automotive chips,[32] and in 2023, the two companies launched a joint venture called SiliconAuto, based in the Netherlands.[33]
In 2022, Stellantis halted Russian operations due tosanctions related to the invasion of Ukraine. In early 2024, Russian partners began producing Citroën-branded vehicles at the Kaluga plant, prompting Stellantis to state it had "lost control" of its assets in Russia.[34]
Stellantis also faced legal and regulatory scrutiny. In May 2022, the company pleaded guilty to criminal charges and paid $300 million to settle a U.S. Department of Justice investigation into diesel emissions fraud affecting over 100,000 vehicles.[35]
The company continued expanding its mobility and autonomous technology portfolio, acquiringcarsharing platformShare Now in July 2022 and autonomous driving startupaiMotive in November 2022.[36][37][38]
In October 2023, Stellantis acquired a 20% stake in Chinese EV manufacturerLeapmotor for €1.5 billion,[39] forming a joint venture, Leapmotor International, to handle global sales and production outside China.[40][41]
The company announced a €3 billion (US$3.2 billion) sharebuyback in 2024.[42]
Under the leadership of Tavares, Stellantis faced mounting criticism over its cost-cutting strategy, declining sales, and strained relationships with key stakeholders. Tavares implemented aggressive restructuring measures, including workforce reductions and tight control over product development, which some analysts blamed for delays in new model launches and weakening brand performance, particularly in North America.[43] U.S. dealers expressed concern about rising inventories and brand mismanagement, while the United Auto Workers criticized the company over job cuts and halted investment plans.[44][45] Stellantis reported a 70% drop in net profit in 2024, with global shipments and U.S. market share declining significantly.[46] Amid internal friction with the board and worsening financial performance, Tavares resigned in December 2024, two years before his contract was set to expire.[47]
On 28 May 2025, the board unanimously appointed Antonio Filosa, a longtime executive who had led Stellantis operations in North and South America, as CEO, effective 23 June 2025.[48] Filosa is expected to place renewed emphasis on the North American market.[49]
The active brand portfolio of Stellantis as of 2025[update] is shown below.[50] This list does not contain any discontinued brands owned by the company which have been placed into dormancy either directly or by its predecessor organizations.
Stellantis Motorsport is a department led by director and senior vice president Jean-Marc Finot.[55] It is responsible for themotorsport activities of the corporation's brands, divisions, and subsidiaries:
Commercial operation focusing on customer racing with thePeugeot 208 Rally4
TheStellantis Motorsport Racing Shop combines Citroën Racing, Peugeot Sport and Opel Motorsports' customer racing distribution and retail sales operations.[60] It is also known as Peugeot Citroën Racing Shop[61] and Peugeot Citroën Opel Racing Shop.[62]
TheStellantis Motorsport Cup is a rally competition run in Belgium, France and Spain using Peugeot 208 and Opel Corsa Rally4 cars.[56] The cup originated in Belgium and Luxembourg asPSA Motorsport Cup Belux.[63]
In 2021 Stellantis released their "Dare Forward" strategic plan, which aims to invest €50 billion before 2030 to fund electrification of vehicles and sets global sales and sustainability targets. Goals include achieving 100% battery electric vehicle (BEV) sales for passenger cars in Europe and 50% of passenger car and light-duty truck sales in the United States by 2030, across 75 electric vehicle models.[64] Stellantis is using a mix of nickel-based (NMC) and cobalt-free battery packs, andlithium iron phosphate (LFP) packs for cheaper BEV variants, to power vehicles with front-, rear-, and all-wheel-drive systems, for driving ranges between 500 and 800 kilometers (300–500 miles).[65]
In 2023, Stellantis introduced SUSTAINera, a hub for recycling and sourcing used parts to improvecircular economy sustainability goals, reduce waste, and offset emissions.[66][67] The initiative aims to contribute to the goal of achieving carbon net zero by 2038.[68] Stellantis hopes to also further these goals by integrating its B-Parts aftermarket platform, acquired by PSA in 2020.[69]
^Stellantis is the genitive, singular form, masculine and neuter, of the adjectivestellans, or alternatively the present active participle of the verbstello, in both cases meaning "brightened with stars". See dictionaries:
^"Braking bad: A merger of Fiat Chrysler Automobiles and Renault is no more".The Economist. London. 8 June 2019. Retrieved16 February 2021.Sources close to FCA say that the government was constantly second-guessing and renegotiating every aspect of the deal. For FCA, this portended future interference. When France pointed the finger at Nissan as a roadblock, FCA lost patience.