MILAN (Reuters) – Fiat Chrysler FCHA.MI and PSA PEUP.PA on Monday unveiled the brand of Stellantis – the corporation resulting from their prepared merger – in what the two car makers explained as a even more stage towards the finalisation of the offer.
In December, Italian American Fiat Chrysler (FCA) and French Peugeot maker PSA agreed to blend in a $38 billion all-share offer to generate the world’s fourth-major carmaker, uniting brand names such as Fiat, Jeep, Dodge, Ram and Maserati with the likes of Peugeot, Opel, Citroen and DS.
“The logo symbolises the abundant heritage of Stellantis’ founding providers and the special mixed strengths of the new group’s portfolio of 14 storied automotive brands, as properly as the diversity of professional backgrounds of its personnel doing the job in all the locations,” the two automakers reported in a joint statement.
FCA and PSA in July mentioned they had picked ‘Stellantis’ as a identify for the merged team, introducing it was in reference to the Latin verb “stello”, which means “to brighten with stars”. The names and the logos of the group’s constituent makes will stay unchanged following the deal’s projected close.
FCA and PSA on Monday reiterated they anticipated to finalise the merger by the conclusion of the to start with quarter of future year.
Reporting by Giulio Piovaccari Editing by Kirsten Donovan