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...of US rival Chrysler to form FCA; Ferrari’s spin-off from Fiat and its listing in Milan; the merger between FCA and Peugeot to create Paris-listed Stellantis; and finally, the acquisition and sale of PartnerRe...
...A US Department of Justice investigation led to the convictions of 15 people, including two union presidents and three executives at Fiat Chrysler, now part of Stellantis....
...Fiat was almost bust in the early 2000s. Chrysler was bankrupt. Peugeot was bailed out in 2014, while Opel was sold by General Motors after decades of accumulated losses....
...The Paris-based carmaker, created in 2021 from the merger between Italy’s Fiat-Chrysler and France’s PSA, seemingly backtracked last week in a bid to ease tensions with Rome and unions....
...Fiat merged with US group Chrysler in 2014....
...Stellantis was formed by the merger of Peugeot owner PSA — which itself bought lossmaking Opel and Vauxhall from General Motors — and Fiat Chrysler, a business created when the bankrupt Chrysler was sold...
...The owner of the Fiat, Peugeot and Jeep brands on Wednesday said its capital expenditure commitment for the five years to 2030 was a record for the South American automotive industry....
...The company was formed in early 2021 through the merger of France’s PSA, the maker of Peugeot, and Italian-US peer Fiat Chrysler....
...The carmaker, born out of the 2020 merger between Italy’s FCA (Fiat Chrysler) and Groupe PSA (Peugeot Citroën), has raced well ahead....
...Last year, the three biggest US carmakers — Ford, General Motors and Stellantis, which owns Chrysler — suffered strikes during wage negotiations with the United Auto Workers union....
...He started out in the family fold as director of worldwide brand promotion at Fiat – a role that saw him revive the dinky, retro Fiat 500....
...The owner of the Fiat, Peugeot and Jeep brands on Wednesday said its capital expenditure commitment for the five years to 2030 was a record by any carmaker for the South American automotive industry....
...US carworker strikes cost Chrysler owner Stellantis €3bn in lost revenues, the carmaker said on Tuesday, as it reported a rise in third-quarter sales....
...US car worker strikes cost Stellantis €3bn in lost revenues, the Chrysler maker said on Tuesday, as it reported higher sales for the third quarter....
...This week, though, Lex looked at Stellantis, the carmaker born out of the 2020 deals between Italy’s FCA (itself a combination as Fiat Chrysler) and Groupe PSA (Peugeot Citroën)....
...For the past two years, Umicore has supplied materials for car batteries used by companies such as Volkswagen, BMW and Stellantis, whose brands include Chrysler, Fiat and Peugeot....
...At the same time it harbours stock market ambitions for a host of other businesses within its automotive portfolio, according to people familiar with its plans....
...To settle the United Auto Workers’ strike in November last year, GM, Ford and Stellantis (formed by the merger of Fiat Chrysler and PSA in 2021) have agreed to offer a pay rise to UAW workers of 25 per cent...
...“The Chongqing plant continued to be in the red and China’s auto market is grappling with oversupply,” said Lee Hang-koo at the Jeonbuk Institute of Automotive Convergence Technology, a South Korean research...
...Its market capitalisation topped $85bn at Wall Street’s closing bell, clearing the individual valuations of Ford, General Motors and Fiat-Chrysler owner Stellantis by at least $27bn....
...The United Auto Workers on Saturday said it had reached a tentative labour agreement with Fiat Chrysler parent Stellantis, which would raise wages and end a six-week strike....
...John Elkann, scion of the Agnelli dynasty and Exor’s chief executive, has gradually focused on expanding the company’s mix of investments, particularly since the merger of his family’s Fiat Chrysler Automobiles...
...That deal was soon followed by a €1.5bn investment in Chinese EV start-up Leapmotor by Stellantis, which makes Jeep cars in the US and owns the Fiat and Citroën brands in Europe....
...These included a one-off dividend of $3.5bn from Fiat Chrysler ahead of the merger with PSA to form Stellantis in 2020 to equalise the value of the combining companies....
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