The individual brands Opel, Peugeot, Citroen, Chrysler, Jeep, Alfa Romeo, Lancia, Abarth or Dodge should continue to exist.
At an extraordinary general meeting of the Opel parent company PSA on Monday (11.00 a.m.), the shareholders are to vote on the mega merger with Fiat Chrysler (FCA). The EU competition watchdogs approved the merger in December with certain conditions. With the merger, the fourth largest car company in the world is to be created. The future group will be called “Stellantis”, derived from the Latin word for star (“Stella”).
The individual brand names such as Opel, Peugeot, Citroen, Chrysler, Jeep, Alfa Romeo, Lancia, Abarth or Dodge should continue to exist.
Because of the corona crisis, no face-to-face event is planned. PSA and FCA decided on their merger plans in December 2019. According to earlier information, they should be implemented by the end of March this year at the latest.
Before the corona crisis, Fiat Chrysler and PSA together sold around 8.7 million vehicles per year and had a turnover of 170 billion euros. Only Volkswagen, Toyota and the Franco-Japanese Renault-Nissan network were larger in 2019.
