Stellantis facts for kids

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Stellantis N.V.

The Chrysler World Headquarters and Technology Center in Auburn Hills, Michigan, headquarters of Stellantis North America
Type	Public
Traded as	BIT: STLAM Euronext Paris: STLAP NYSE: STLA FTSE MIB Component CAC 40 Component
ISIN	NL00150001Q9
Industry	Automotive Production systems
Predecessors	Fiat Chrysler Automobiles (FCA) PSA Group
Founded	17 January 2021; 4 years ago (2021-01-17)
Headquarters	Hoofddorp , Netherlands
Area served	Worldwide
Key people	John Elkann (chairman) Carlos Tavares (CEO) Robert Peugeot (vice chairman)
Brands	Abarth Alfa Romeo Chrysler Citroën Dodge DS Fiat Jeep Lancia Maserati Opel Peugeot Ram Vauxhall
Production output	6.168 million vehicles (2023)
Revenue	€189.5 billion (2023)
Operating income	€22.4 billion (2023)
Net income	€18.6 billion (2023)
Total assets	€202.1 billion (2023)
Total equity	€82.1 billion (2023)
Owners	Exor (13.99%) Peugeot Invest (6.98%) Bpifrance (6%)
Number of employees	258,275 (2023)
Subsidiaries	Stellantis Argentina Stellantis Europe Fiat Professional Heritage VM Motori Stellantis Gurun (Malaysia) Stellantis North America Mopar SRT Stellantis Canada Stellantis Poland Stellantis Pro One FCA India Automobiles Fiat Chrysler Australia Fiat Ireland Citroën Chile Citroën India Comau Sevel Stellantis Financial Services aiMotive Centro Ricerche Fiat PCMA Teksid (84.8%) Fiat Serbia (67%) Leapmotor (20%) Leapmotor International (51%) DPCA (50%) Emotors (50%) IKAP (50%) Leasys (50%) Free2move Share Now PSA AVTEC (50%) SAIPA Citroën (50%) Tofaş (37%) Berjaya Auto Alliance (29%)

Stellantis N.V. is a huge company that makes cars. It was formed in 2021 when two big car companies, Fiat Chrysler Automobiles (from Italy and America) and the French PSA Group, joined together. Its main office is in Hoofddorp, Netherlands.

In 2023, Stellantis was the fourth largest car maker in the world based on how many cars they sold. Only Toyota, Volkswagen Group, and Hyundai Motor Group sold more. Stellantis's shares are traded on major stock exchanges in Milan, Paris, and New York.

Stellantis designs, builds, and sells cars under 14 different brands. These include popular names like Jeep, Peugeot, Fiat, Dodge, and Chrysler. When the companies merged, Stellantis had about 300,000 employees. They sell cars in over 130 countries and have factories in 30 countries.

What Does the Name "Stellantis" Mean?

The name Stellantis comes from a Latin word, stello. This word means "to brighten with stars" or "to be adorned with stars." It suggests a group of bright brands coming together. The "N.V." part of the name is Dutch. It stands for naamloze vennootschap, which means "nameless partnership" and is a type of public company.

How Stellantis Was Formed

In 2019, Fiat Chrysler Automobiles (FCA) first tried to merge with another French car company, Renault. But that deal didn't work out. After that, FCA talked to Peugeot S.A. (PSA). They agreed to merge in December 2019. This merger created the world's fourth-largest car company. They expected to save about €3.7 billion (around US$4.22 billion) each year.

On December 21, 2020, the European Commission approved the merger. This meant the deal could go forward. Both FCA and PSA shareholders approved the merger on January 4, 2021. The merger was officially completed on January 16, 2021. The very next day, the new company was named Stellantis N.V. The company's shares started trading on stock exchanges in Milan, Paris, and New York in January 2021.

When the companies merged, PSA was considered the company that took over for accounting reasons. This means Stellantis's financial records started from PSA's past records. The Stellantis board of directors has 11 members. Six came from PSA, and five came from Fiat Chrysler.

Carlos Tavares, who used to be the head of PSA Group, became the first CEO of Stellantis. He was given full power to lead the new company for five years. The Agnelli family, who were the biggest owners of FCA, became the largest owners of Stellantis.

The name Stellantis is only used for the main company itself. The names and logos of all the car brands, like Jeep or Peugeot, stayed the same. In 2021, CEO Carlos Tavares challenged all the brands to prove themselves within 10 years. If they did well, they would get money to invest in new car models and technology.

Stellantis planned to have 29 electric car models by the end of 2021. They also planned to create four different types of EV car platforms by the end of the 2020s. Overall, the company announced it would invest more than €30 billion in new technology.

In November 2021, Stellantis started building a network of charging stations for electric cars. In late 2021, Stellantis sold fewer new cars. This was because of a shortage of computer chips used in vehicles. Stellantis then made a deal with a chip maker called Foxconn to get chips. In June 2022, they had to stop making cars at two French factories because of chip shortages.

In April 2022, Stellantis stopped its operations in Russia. This was due to problems with shipping and rules put in place after the Russian invasion of Ukraine in 2022. Later, in February 2024, some Russian companies started making new Citroën models at a Stellantis factory in Kaluga, Russia. Stellantis said they had "lost control" of their businesses in Russia.

In May 2022, Stellantis resolved a long-running investigation. They paid $300 million to settle issues about how they reported pollution from some of their diesel cars. On July 8, 2022, Stellantis bought the carsharing company Share Now. They put Share Now under the management of Free2move. In November 2022, Stellantis also bought aiMotive, a company that develops technology for self-driving cars.

On February 15, 2023, Stellantis announced they would open a new center in Gliwice, Poland. This center will focus on developing software and engineering.

On October 26, 2023, Stellantis bought about 20% of a Chinese electric car company called Leapmotor. This deal was worth €1.5 billion. As part of the agreement, Stellantis gained the special right to sell, export, and make Leapmotor cars outside of China. They created a new company called Leapmotor International for this. This new company will be based in the Netherlands. It might also make Leapmotor cars in Europe if there are higher taxes on Chinese cars. Their goal is to sell 500,000 Leapmotor cars outside China by 2030.

The company also announced it would buy back €3 billion ($3.2 billion) of its own shares in 2024. In March 2024, Stellantis bought a part of SteerLight, a company in Grenoble that makes special sensors for self-driving cars.

Stellantis Car Brands

Here are the car brands that Stellantis owns and actively sells:

Brand	Origin	Established	Brand CEO
Abarth	Italy	1949	Olivier François
Alfa Romeo	Italy	1910	Jean-Philippe Imparato
Chrysler	United States	1925	Christine Feuell
Citroën	France	1919	Thierry Koskas
Dodge	United States	1914	Timothy Kuniskis
DS Automobiles	France	2014	Béatrice Foucher
Fiat	Italy	1899	Olivier François
Jeep	United States	1943	Antonio Filosa
Lancia	Italy	1906	Luca Napolitano
Maserati	Italy	1914	Davide Grasso
Opel	Germany	1862	Florian Huettl
Peugeot	France	1810	Linda Jackson
Ram	United States	2010	Timothy Kuniskis
Vauxhall	United Kingdom	1857	James Taylor

Who Owns Stellantis?

After the merger, where FCA and PSA each owned 50%, the main owners of Stellantis were:

• Agnelli family (Exor): 14.20%
• Peugeot family (Etablissements Peugeot Frères, EPF): 7.08%
• Bpifrance: 6.09%
• BlackRock: 3.54%

Stellantis Leadership

Top Leaders

• Chairman: John Elkann (since January 2021)
• Chief Executive Officer (CEO): Carlos Tavares (since January 2021)
• Vice Chairman: Robert Peugeot (since January 2021)

Board of Directors

The main board that runs Stellantis has 11 members. Six members came from PSA and its main owners. These include Carlos Tavares, who was the former CEO of PSA. The other five members came from Fiat Chrysler Automobiles and its main owner, Exor.

Stellantis Factories Around the World

Stellantis has many factories in different parts of the world where they build cars and car parts.

Factories in Africa

Factories in Asia

Factories in Europe

Opel Eisenach

Assembly line in Gliwice

Factories in North America

Factories in South America

Assembly line in the Goiana, Pernambuco plant, Brazil

Factories in Oceania

Past Factories

Stellantis in Motorsports

Stellantis Motorsport is a special part of the company. It handles all the racing activities for Stellantis's brands. Jean-Marc Finot is the director of this department.

Some of the brands involved in motorsports are:

• Citroën Racing: They focus on selling race cars like the Citroën C3 Rally2 to customers. They also support teams in WRC2 races.
• DS Performance: This team competes in the Formula E World Championship, which is for electric racing cars.
• Maserati: This brand also has a team in the Formula E World Championship.
• Opel Motorsport: They make an electric rally car called the Opel Corsa-e Rally. They also organize their own Opel e-Rally Cup. They sell race cars like the Opel Corsa Rally4 to customers.
• Peugeot Sport: This team competes in the FIA World Endurance Championship. They also sell race cars like the Peugeot 208 Rally4 to customers.

Most of these brands were part of "PSA Motorsport" before Stellantis was created.

The Stellantis Motorsport Racing Shop is where customers can buy racing parts and cars from Citroën Racing, Peugeot Sport, and Opel Motorsports.

The Stellantis Motorsport Cup is a rally competition. It takes place in Belgium, France, and Spain. Drivers use Peugeot 208 and Opel Corsa Rally4 cars in this cup.

New Technologies at Stellantis

Focus on Electric Cars

Stellantis has a big plan called "Dare Forward 2030." This plan is all about making more electric cars. The company plans to invest over €50 billion in this effort over the next ten years.

Their goals include:

• Selling only battery electric vehicles (BEVs) for passenger cars in Europe by 2030.
• Having 50% of their passenger cars and light trucks sold in the United States be BEVs by 2030.
• Offering more than 75 different BEV models by 2030.
• Selling 5 million BEVs around the world each year by 2030.

To reach these goals, Stellantis is developing different types of electric cars. They are using various battery technologies to keep cars affordable and efficient. They use both batteries with nickel and cobalt, and newer ones without them. They recently added a lithium iron phosphate (LFP) battery option for cheaper electric car models. The plan also includes cars with front-, rear-, and all-wheel-drive systems. They aim for electric cars that can travel between 500 and 800 kilometers (300–500 miles) on a single charge.

See also

• List of Stellantis platforms