Change in management at Stellantis and Opel/Vauxhall
About 15 months after the founding of the Stellantis Group, Group CEO Carlos Tavares makes several new management appointments. Opel boss Uwe Hochgeschurtz, who only took up his post last year, is leaving the brand to replace Maxime Picat at parent company Stellantis.
Stellantis to invest €30 billion in e-mobility
Stellantis has presented its new electrification strategy. The multi-brand group wants to achieve 70 per cent of its sales in Europe and 40 per cent in the USA with “low emission vehicles” by 2030. In Europe, Opel is to become an electric brand by 2028.
PSA & FCA complete Stellantis merger
PSA and FCA have now completed their merger, paving the way for the creation of Stellantis. The new group’s ordinary shares will start trading on Euronext in Paris and Mercato Telematico Azionario in Milan on 18 January, and on the New York Stock Exchange on 19 January, each under the symbol “STLA”.
PSA and Fiat Chrysler agree on merger
PSA and Fiat Chrysler have agreed on a merger. However, the details are still open, as the agreement is to be worked out in the coming weeks. It is also open what this means for electric mobility in the new company.