Stellantis, a merger of Peugeot and Fiat Chrysler Automobiles, has officially been launched, promising to deliver “distinctive, affordable and efficient transportation solutions uniquely positioned to capture the exciting opportunities of a global industry undergoing rapid and profound change”.
The company says it has a well-established presence in three regions – Europe, North America and Latin America – in addition to “significant untapped potential” in markets such as China, Africa, the Middle East, Oceania and India. With industrial operations in more than 30 countries, Stellantis says it has the ability to deliver vehicles and services in more than 130 markets.
Stellantis says it expects to leverage its size and economies of scale to invest in innovative mobility solutions for its customers, targeting “annual synergies” of more than €5 billion. The company says these synergy estimates will be achieved through the implementation of smart purchasing and investment strategies, powertrain optimisation and platform utilisation, applying cutting-edge R&D and a continuous focus on manufacturing and tooling efficiencies. The synergy estimates are not based on any plant closures resulting from the transaction.
Stellantis says its portfolio offers distinctive, sustainable mobility solutions to meet its customers’ evolving needs as they embrace electrification, connectivity, autonomous driving and shared ownership. The company has 29 electrified models available and plans to introduce 10 additional vehicles by the end of this year.
“It is no coincidence that Stellantis is born precisely when our world requires a new kind of automotive company that will champion clean and intelligent solutions to provide freedom of movement for all,” said John Elkann, the new chairman of Stellantis.
“Our global scale and reach provide us with the resources to invest in state-of-the-art technologies, distinctive excellence and unmatched choice for our customers. But it is the geographic and cultural diversity of Stellantis’ people that from ‘day one’ is our greatest competitive advantage. It is they, with their energy, their know-how and their constant commitment, who make Stellantis what it is today. And it is they who, day-by-day, will build an even greater company for this new era of mobility.”
“This is a great day,” said Carlos Tavares, the new CEO of Stellantis. “One year after we announced this project, Stellantis is born, notwithstanding the unprecedented societal and economic disruption caused by the COVID-19 pandemic.
“I want to warmly thank all of the teams who made this possible and also thank the entire workforce who continued to move our operations forward during this exceptional year. This demonstrates the agility, creativity and adaptability of our company which aims to be great rather than big, determined to be much more than the sum of its parts. It is also a further signal of the new company’s determination to be a leading player in the automotive industry in this everchanging environment. Stellantis is dedicated to ‘pursuing greatness’ and enhancing the well-being of its employees.”