Coined the name for the merged Fiat and Peugeot-Citroen

the combined company PSA Group (Peugeot-Citroen) and Fiat Chrysler Automobiles (FCA) will be called Stellantis.

“Peugeot S. A. (PSA group) and Fiat Chrysler Automobiles N. V. (FCA) today announced that the corporate name of the new group will be Stellantis”, — quotes PRIME release FCA.

it is expected that the merger will be completed by the end of the first quarter of 2021. The names and logos of the brands themselves will remain unchanged.

Meanwhile, car sales in the EU countries (excluding Malta, for which data is available) fell in June to 52.3 percent, or 2.1 times and amounted to 949,722 thousand compared to 1,223 million in June 2019, said “Finmarket” with reference to the assessment of the European Association of car manufacturers (ACEA).

In June, all EU markets showed a decline with the exception of France, where sales are overgrown by 1.2%. In Spain sales fell by 36.7%, Germany — by 32.3%, Italy — by 23.1%.

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