Recent events
Recent events tied to this brand in public sources.
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2021
Stellantis released its first annual financial report
Stellantis released its first annual financial report following the merger. The report presented 2020 financial results for PSA Group and Fiat Chrysler Automobiles before their merger.
2021
PSA and FCA complete merger to form Stellantis
PSA and Fiat Chrysler Automobiles completed their merger on January 16, forming the new Stellantis group on a 50:50 basis.
2021
PSA and FCA shareholders approve merger
PSA and FCA shareholders approved the proposed $52 billion merger at separate shareholder meetings, with more than 99% of votes in each group in favor. The groups said they expected the merger to be completed on January 16.
2020
Baoneng agreed to acquire Changan PSA
Changan Automobile announced that it had signed an equity-transfer agreement with Qianhai Ruichi to transfer its 50% stake in Changan PSA for 1.63 billion yuan. Baoneng Automobile had also signed an agreement with PSA to acquire PSA’s other 50% stake in Changan PSA.
2020
PSA announces eVMP electric-vehicle platform
PSA announced that it plans to launch its eVMP electric-vehicle platform in 2023 to support compact and mid-size vehicles.
2020
EU pauses investigation of FCA–PSA merger
The European Commission paused its investigation of the proposed FCA–PSA merger while awaiting information from the two automakers. The report says the investigation would restart once the missing information was provided, with the decision deadline adjusted accordingly.
2020
PSA appoints Christian Mueller to lead powertrain and chassis engineering
PSA appointed Christian Mueller, previously head of Opel/Vauxhall research and development, to lead PSA’s powertrain and chassis engineering department, succeeding Alain Raposo.
2020
Tyco Cloud added to PSA’s MSSP program
PSA announced that Tyco Cloud, Johnson Controls’ cloud-based security management suite, was added to PSA’s Managed Security Service Provider Program.
2020
PSA adds SiteOwl to its network
PSA announced SiteOwl's addition to its network, giving PSA members access to SiteOwl's security-system management platform.
2020
PSA adds Mobile Pro Systems to its network
PSA announced that Mobile Pro Systems had joined its network.
2020
Total, PSA and Opel announce plans for European battery manufacturing joint venture
Total, through its affiliate Saft, and PSA with Opel announced plans to combine their know-how and establish a joint venture named Automotive Cell Company to develop electric-vehicle battery manufacturing activity in Europe.
2020
PSA agrees to transfer its 50% stake in Changan PSA to Baoneng
A PSA Asia-Pacific spokesperson told Economic Observer that PSA had signed an equity-transfer agreement with Baoneng to transfer its entire 50% stake in Changan PSA. The spokesperson did not disclose the transaction price.
2019
Baoneng affiliate to acquire Changan PSA shares
Changan Automobile signed an agreement to transfer its 50% stake in Changan PSA to Qianhai Ruizhi for 1.63 billion yuan; PSA also signed an agreement to transfer all of its Changan PSA shares to Qianhai Ruizhi. Qianhai Ruizhi is wholly owned by Baoneng Automobile.
2019
FCA and PSA sign binding merger agreement
Fiat Chrysler Automobiles (FCA) and Peugeot S.A. (PSA) signed a binding agreement to combine their businesses on a 50:50 basis. The proposed merger was expected to be completed in 12 to 15 months.
2019
Dongfeng and PSA enter strategic cooperation agreement
Dongfeng Group and PSA entered a strategic cooperation agreement covering the development of their partnership and arrangements related to their jointly controlled DPCA entity.
2019
PSA and FCA agree to pursue a 50:50 merger
PSA and FCA agreed to establish a 50:50 joint venture and pursue a full merger of their businesses. They said discussions toward a binding memorandum of understanding would take place in the following weeks.
2019
FCA and PSA announce a planned merger
FCA and PSA announced plans to form a new automotive group with equal 50:50 ownership; the companies said they would work toward a binding memorandum of understanding in the coming weeks.