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Stellantis was created just over two years ago through the merger of Fiat Chrysler and Peugeot maker PSA

Stellantis tops forecasts in second half of 2022

Carmaker Stellantis today reported a forecast-beating 17% rise in operating profit in the second half of last year on a strong product and pricing mix, despite persistent issues with logistics and semiconductor supply.

Business • 22 Feb 23

In a 2015 decision, the EU said Luxembourg had granted Fiat Chrysler an unfair tax advantage by endorsing artificial and complex methods that artificially lowered its taxes

Fiat Chrysler and Ireland win EU tax ruling appeals

Fiat Chrysler has won its fight against an EU order to pay €30 million in back taxes to Luxembourg, dealing a major setback to EU antitrust chief Margrethe Vestager's crackdown on sweetheart deals between EU countries and multinationals.

Business • 08 Nov 22

The move comes as the world's fourth largest carmaker seeks to anticipate regulatory changes in the car industry

Stellantis to end contracts with European dealers

Carmaker Stellantis said it will end all current sales and service distribution contracts with European dealers for its 14 brands, with effect from June 2023, with the aim of restructuring its network.

Business • 20 May 21

Brands at Stellantis include Peugeot, Citroen, Fiat, Chrysler, Jeep, Ram, Maserati, Alfa Romeo and others

Stellantis to give its 14 car brands 10 years of funds

Stellantis chief executive Carlos Tavares said that each of the automaker's 14 car brands will receive funding over the next 10 years to prove themselves.

Business • 14 May 21

The stake in Faurecia was previously held by the former PSA, which merged with Fiat Chrysler to create Stellantis

Stellantis to distribute Faurecia stake to shareholders

Stellantis has announced the distribution of the stake it still holds in auto parts maker Faurecia to its shareholders.

Business • 05 Mar 21

The January merger brought together producers such as Peugeot, Citroen, Fiat, Chrysler, Jeep, Alfa Romeo and Maserati

PSA, Fiat Chrysler in the black despite fall in sales

Low global car inventories and cost cuts should boost Stellantis profit margins this year, though a shortage of semiconductors and investments in electric vehicles could weigh on results, the newly-formed automaker said today.

Business • 03 Mar 21

All other PSA shareholders backed the deal at a second meeting held online

Peugeot shareholders approve merger with Fiat

Shareholders in Peugeot owner PSA gave the green light to the French company's merger with Fiat Chrysler, one of the last steps towards creating the world's fourth largest automaker.

Business • 04 Jan 21

The $38 billion merger of Fiat Chrysler and French peer PSA will create the world's fourth biggest carmaker

EU competition regulators clear Fiat-PSA merger

EU competition regulators have today approved - with conditions - the $38 billion merger of Fiat Chrysler and French peer PSA to create the world's fourth biggest carmaker.

Business • 21 Dec 20

PSA Group's chief executive Carlos Tavares

PSA's car revenue returns to growth after lockdowns

Peugeot maker PSA Group has today posted a 0.8% decline in its third-quarter sales, though revenue from its core autos division returned to growth after slumping during coronavirus lockdowns.

Business • 28 Oct 20

Fiat Chrysler did not admit or deny wrongdoing to resolve the US Securities and Exchange Commission probe

Fiat to pay $9.5m US fine for misleading investors

Fiat Chrysler will pay a $9.5m civil penalty to settle allegations it misled investors by not disclosing that it conducted only a limited internal review of its compliance with emissions regulations, the top US securities regulator has said.

Business • 29 Sep 20

PSA and Fiat Chrysler are set to merge to make the world's fourth biggest carmaker

Fiat Chrysler, PSA amend merger terms to conserve cash

Peugeot maker PSA and Fiat Chrysler (FCA) have restructured the terms of their planned merger to conserve cash, and also stepped up the promised levels of cost cutting during the pandemic.

Business • 15 Sep 20

Peugeot maker PSA sticks to margin goal

Peugeot maker PSA Group held on to its margin target despite a fall in profitability in the first half of 2020, and said a recovery in sales had extended into July after the coronavirus pandemic ate into first-half revenues.

Business • 28 Jul 20

The European Commission is investigating whether the deal to create the world's fourth-biggest carmaker would hurt competition in small vans

EU probe into Fiat, Peugoet deal delayed

EU competition regulators have suspended their investigation into Fiat Chrysler and Peugeot maker PSA's proposed merger while waiting for the carmakers to provide requested data.

Business • 22 Jul 20

The planned deal puts under one roof the Italian carmaker's brands such as Fiat, Jeep, Dodge, Ram, Maserati and the French company's Peugeot, Opel and DS

EU has concerns about Fiat, PSA deal - sources

Fiat Chrysler's planned $50 billion merger with Peugeot maker PSA has hit a bump after EU regulators voiced concerns about the companies' market share in small vans, indicating concessions may be required, sources said.

Business • 08 Jun 20

Fiat Chrysler and PSA are in a binding merger agreement to create the world's fourth largest carmaker

Fiat Chrysler, Peugeot to withhold 2019 dividend payout

Shares of Fiat Chrysler and Peugeot owner PSA were down today after the two carmakers said in a coordinated move that they would not pay their planned ordinary dividend on 2019 results.

Business • 14 May 20

Due to the continued uncertainty related to the Covid-19 pandemic, FCA has withdrawn its full-year guidance for 2020

Fiat Chrysler posts €1.7 billion loss in Q1

Fiat Chrysler has today reported a net loss in the first quarter as a consequence of the crisis triggered by the spread of the coronavirus.

Business • 05 May 20

Peugeot owner PSA has closed plants as governments enforce lockdowns to fight the pandemic, while dealerships are also closed

Peugeot maker PSA says prepared for fall in car demand

PSA has enough funds to cope with a halving in car industry sales this year, the French carmaker said today as it warned of a plunge in demand due to the coronavirus pandemic.

Business • 21 Apr 20

Fiat Chrysler said its chief executive Mike Manley will take a 50% pay cut for three months

Fiat Chrysler boss takes 50% temporary pay cut on virus

Fiat Chrysler chief executive Mike Manley will take a 50% pay cut for three months as part of efforts to protect the company's financial health during the coronavirus pandemic.

Business • 31 Mar 20

Fiat Chrysler halts production until March 27 at the majority of its plants in Europe

Fiat Chrysler halts production at most European plants

Fiat Chrysler said today it was halting production until March 27 at the majority of its plants in Europe following a coronavirus crisis which is disrupting the economy.

Business • 16 Mar 20

Spread of Covid-19 starting to hit European car industry

Europe's auto industry shuts factories, cuts output

Europe's major car and parts makers rushed to close factories and cut output in Italy and considered sending workers home elsewhere, in the first signs that coronavirus is disrupting the region's struggling automotive industry.

Business • 11 Mar 20

Fiat Chrysler is to reduce its production rates in response to the coronavirus outbreak in Italy

Fiat Chrysler temporarily halts some Italian plants

Fiat Chrysler is temporarily halting operations at some plants in Italy and will reduce production rates in response to the coronavirus outbreak in the country, the largest in Europe, a spokesman for the automaker said.

Business • 11 Mar 20

PSA boss Carlos Tavares said the virus outbreak was likely to derail a slight improvement in its Asian markets in recent months

Profits surge at Peugeot maker PSA ahead of Fiat merger

Peugeot maker PSA Group said its profitability reached a record high in 2019, but the French carmaker forecast falling industry sales in Europe this year as it pursues its merger with Fiat Chrysler.

Business • 26 Feb 20

Fiat Chrysler said its net profits slid by nearly a fifth last year

Fiat Chrysler 2019 net profit falls 19% to €2.7 billion

US-Italian automaker Fiat Chrysler said today its net profits slid by nearly a fifth last year despite a recovery in the final quarter.

Business • 06 Feb 20

The PSA-FCA merger is aiming for annual cost savings of €3.7 billion by combining technologies and through shared purchasing deals

Fiat Chrysler, PSA agree $50 billion merger deal

Fiat Chrysler and Peugeot maker PSA have today struck a binding deal to create the world's fourth biggest carmaker.

Business • 18 Dec 19

The majority of unions at PSA are in favour of a planned $50 billion merger with Fiat Chrysler

PSA trade unions give the nod to merger with Fiat

The majority of unions representing workers at Peugeot maker PSA are in favour of a planned $50 billion merger with Fiat Chrysler, PSA executives and union representatives said.

Business • 19 Nov 19