Stellantis

Stellantis: The Star of the Automotive Industry

Imagine a company that’s not just a carmaker but a star in its own right, shining brightly across the globe with its diverse portfolio and ambitious plans for the future. That’s Stellantis N.V., a multinational automotive manufacturing giant formed from the merger of Fiat Chrysler Automobiles (FCA) and PSA Group in 2021. With headquarters in Hoofddorp, Netherlands, this company has quickly become one of the world’s leading automakers by sales as of 2023.

Brands Galore

Stellantis boasts an impressive lineup of 14 brands: Abarth, Alfa Romeo, Chrysler, Citroën, Dodge, DS, Fiat, Jeep, Lancia, Maserati, Opel, Peugeot, Ram Trucks, and Vauxhall. Each brand brings its unique flavor to the table, making Stellantis a powerhouse in the automotive industry.

A Star Named Stellantis

The name ‘Stellantis’ is derived from the Latin verb ‘stello,’ meaning ‘of that which brightens/is adorned/belongs with stars.’ This couldn’t be more fitting for a company that aims to shine brightly in the automotive world. The stock of this multinational giant is listed on Borsa Italiana, Euronext Paris, and the New York Stock Exchange.

From Mergers to Motorsports

In early 2019, Fiat Chrysler Automobiles (FCA) sought a merger with Renault. However, FCA ultimately approached Peugeot S.A. (PSA), leading to the historic merger in December 2019 and its completion on January 16, 2021. Carlos Tavares was appointed as CEO of Stellantis N.V., taking over from Mike Manley.

Investing for the Future

The combined company aimed to invest €30 billion by 2021 and develop 29 electrified vehicle models. However, semiconductor chip shortages in 2021 caused a dip in sales, leading to production pauses at two French plants in June 2022. Stellantis also halted operations in Russia in April 2022 but resumed production in February 2024 despite claiming it had lost control.

Legal and Ethical Commitments

In a significant move, the company pleaded guilty to criminal conduct and paid $300 million to settle a probe into pollution concealment. Stellantis acquired Share Now’s operational management under Free2move in 2024, further diversifying its portfolio.

Expansion and Innovation

In November 2022, Stellantis acquired aiMotive, a company specializing in autonomous driving technology. On February 15, 2023, the company announced a new software development and engineering hub in Gliwice, Poland. In June 2023, Stellantis joined forces with Foxconn to design and sell semiconductors for the automotive industry from 2026.

Strategic Acquisitions

The company acquired approximately 20% of Chinese electric vehicle manufacturer Leapmotor on October 26, 2023. In March 2024, Stellantis took a stake in SteerLight, further cementing its position as an innovator in the industry.

Leadership and Ownership

The leadership of Stellantis is headed by John Elkann as Chairman since January 2021, with Robert Peugeot serving as Vice Chairman. Carlos Tavares was CEO from January 2021 until November 2024.

Global Presence

Stellantis operates in various continents, including Africa, Asia, Europe, North America, South America, and Oceania. The company’s motorsport activities are managed by Stellantis Motorsport, which includes Citroën Racing, DS Performance, Maserati, Opel Motorsport, Peugeot Sport, and others.

Electrification and Sustainability

Stellantis is committed to electrifying its fleet with the Dare Forward 2030 plan. By 2030, Stellantis aims for 100% battery electric vehicle (BEV) sales in Europe and 50% BEV sales globally. The company plans to have over 75 BEV models available by then, targeting 5 million annual BEV sales.

Going Green with SUSTAINera

Beyond electrification, Stellantis introduced SUSTAINera, an initiative focused on the circular economy. This includes extending auto parts lifespan and reducing natural resource use through the ‘4R’ strategy: Reman, Repair, Reuse, and Recycle.

Investing in the Future

In 2020, Stellantis acquired B-Parts to expand its circular economy initiatives. The company is also investing €4.1 billion in building a large-scale lithium iron phosphate battery plant in Zaragoza, Spain, as part of its long-term goal of achieving zero carbon by 2038.

Stellantis N.V. continues to evolve and innovate, setting new standards for the automotive industry. As it moves forward with ambitious plans, Stellantis remains a shining star in the world of cars, dedicated to sustainability and technological advancement.