The shareholders of Groupe PSA (PSA) and Fiat Chrysler Automobiles (FCA) have approved their merger. The two groups are therefore on their way to becoming the fourth largest automobile manufacturer in the world under the name Stellantis.
The European Commission already approved the merger in December. The two companies have been involved in the merger since last autumn. It’s supposed to be a fact early this year. A deadline for the merger will be announced shortly.
Stellantis will have fourteen brands: from Fiat, Maserati and Jeep from FCA to Peugeot, Citroën, Opel and DS from PSA. PSA and Fiat Chrysler have already made delivery vans together. The two companies together have a potential market share of 34 percent in Europe.