Stellantis is expecting the company to spend a little bit less in regulatory credits this year
Fiat-Chrysler made more than $3.5 million in bribes to union leaders to improve its position during contract negotiations
Chrysler could benefit from PSA’s expertise with crossovers and SUVs
FCA has also agreed to submit itself to an independent compliance monitor for three years
The long-awaited merger between the two groups has finally taken place
Peugeot might not be coming back to America after all, as originally planned
The tie up will give Archer access to FCA’s supply chain, composite material capabilities and engineering expertise
Other zombie cars sold by FCA in 2020 were the Dodge Dart and Chrysler 200
France already owns a 6.2% stake in Stallantis, through public bank BPI France
While Chrysler could be killed, Stellantis is expected to focus on issues in Europe first
FCA’s India unit will build a three-row Jeep SUV, while also assembling Wrangler and Cherokee models
Stellantis’ belief that it will become the world’s 4th largest carmaker is based on FCA and PSA sales figures from 2019
Fiat Chrysler shareholders are also expected to soon approve the merger during a virtual meeting
Under the proposal, Stellantis would be renamed the Chrysler-Dodge-Jeep-Ram Corporation
Fiat Chrysler will manufacture electrified Jeep, Fiat and Alfa Romeo models at its Tychy facility
FCA will invest $23 million into the 250,000 square-foot facility
The tech will first become available for the 2021 Fiat 500 in Italy
Shareholders are set to approve the merger on January 4th