MILAN — Fiat Chrysler Automobiles and PSA unveiled the symbol of Stellantis, the business resulting from their planned merger.
The automakers explained the brand was a more stage toward the finalization of their offer to merge into 1 business.
The automakers agreed in December to merge in a $38 billion all-share offer to create the world’s fourth-greatest carmaker, uniting models this kind of as Fiat, Jeep, Dodge, Ram and Maserati with Peugeot, Opel, Citroen and DS.
“The symbol symbolizes the rich heritage of Stellantis’ founding organizations and the exclusive mixed strengths of the new group’s portfolio of 14 storied automotive brand names, as well as the variety of experienced backgrounds of its personnel functioning in all the areas,” the two automakers claimed in a joint assertion on Monday.
FCA and PSA in July reported they experienced picked ‘Stellantis’ as a identify for the merged team. They said it was in reference to the Latin verb “stello,” which indicates “to brighten with stars.”
The names and the logos of the group’s constituent brand names will remain unchanged following the deal’s projected near.
FCA and PSA on Monday reiterated they envisioned to finalize the merger by the stop of the first quarter of next year.