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...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....
...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....
...Anderson, who at Baillie Gifford was a longtime shareholder in Exor companies, including Fiat Chrysler Automobiles and Ferrari, acknowledged that “it’s been a difficult 18 months” for growth investing but...
...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 company was formed in early 2021 through the merger of France’s PSA, the maker of Peugeot, and Italian-US peer Fiat Chrysler....
...Fiat merged with US group Chrysler in 2014....
...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....
...Carmakers Stellantis, formed by the merger of Jeep owner Fiat Chrysler and Peugeot owner PSA last year, and GM have invested in early-stage mining groups....
...The carmaker, born out of the 2020 merger between Italy’s FCA (Fiat Chrysler) and Groupe PSA (Peugeot Citroën), has raced well ahead....
...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...
...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....
...Two big European carmakers, Stellantis, which has a sizeable US business selling Chrysler and Fiat models, and the smaller Renault, have invested heavily in electric vehicle manufacture ahead of a 2035 deadline...
...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....
...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 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....
...Stellantis, which was formed by the merger of Italian-American group Fiat Chrysler and France’s PSA in 2021, has found it difficult to compete in China....
...Commercial vehicles already account for a third of revenues for Stellantis, which was formed by the merger of Fiat Chrysler and PSA in 2021, and about half of its profits....
...Like rivals in Europe and elsewhere, Stellantis, formed by the merger between France’s PSA and Italy’s Fiat Chrysler in 2021, also faces pressure from Tesla as the US electric-car maker slices its prices...
...Its market capitalisation topped $85bn, at least $27bn higher than either Ford, General Motors or Fiat Chrysler owner Stellantis....
...A longtime reformer in the UAW ranks, Fain campaigned for the union presidency after a corruption scandal that resulted in prison sentences for multiple union officials and personnel at Fiat Chrysler America...
...Stellantis, whose brands include Fiat Chrysler and Peugeot, has invested $100mn directly into ACG....
...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...
...The plethora of Stellantis brands, which include Jeep, Chrysler, Peugeot and Fiat, are a source of further bewilderment....
...Its US joint venture with the property developer RFR bought the Chrysler building in 2019....
...The EU’s top court has ruled that Fiat Chrysler will not have to pay back €30mn in taxes to Luxembourg, dealing a blow to efforts by the commission to crack down on aggressive corporate tax planning....
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