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After two years of extraordinary drama, consisting of on-again off-again talks, transformation of their industries, and the global COVID pandemic, FIAT CHRYSLER AUTOMOBILES and PSA Groups are fully determined to get their shareholders’ sign-off on the Combination/merger of these industries. The process is going on to get the approval of the investors for the merger that will form Stellantis, the world’s fourth-largest automaker. These both overcame a lot of hurdles that came in their way, with FIAT even managing to patch things up after a short lived-attempt to join forces with PSA’s archrival Renault. They are having large no. of resources to complete with electric-car upstarts. But plenty of challenges await once the deal is done.
"Stellantis will be a sort of conglomerate of brands, some great and some not so good and most very regional," said Jefferies analyst Philippe Houchois. " The merger will be a good opportunity for a reset."
The combined company will boast an impressive presence in North America's lucrative truck and SUV segments and in Europe. But both are also having weaknesses. The merger of Fiat with Chrysler did little to improvement of Alfa Romeo and Maserati luxury lines. And PSA's merger with Opel only made it more reliant on European market.