"It draws inspiration from this new and ambitious alignment of storied automotive brands," it said.
FCA, PSA Pick "Stellantis" As Name For Merged Company
by AFP
Fiat Chrysler (FCA) and Peugeot Citroen (PSA) said on Wednesday they had agreed to call the group formed by their mega-merger "Stellantis."
The tie-up, which was announced at the end of October and is to be finalized early next year, will create the world's fourth-largest automaker.
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In a joint statement, the two automakers said naming the future company was "a major step as they move towards the completion of their 50:50 merger."
The name is rooted "in the Latin verb 'stello' meaning 'to brighten with stars'", according to the statement.
The next step would be the unveiling of a logo for Stellantis.
"The name's Latin origins pay tribute to the rich history of its founding companies while the evocation of astronomy captures the true spirit of optimism, energy and renewal driving this industry-changing merger," the statement read.
The combined company will unite brands such as Peugeot, Citroen, Fiat, Chrysler, Jeep, Alfa Romeo and Ram into one global giant.
The EU worries about the merger's effect on Europe's highly profitable market for vans, which are technically easy to manufacture but sold at good prices.
Apart from satisfying regulatory requirements, the companies said they also still need to secure approval from their respective shareholders.
