Fiat-Chrysler is no more. Neither is PSA.
The merger between the Italian-American hybrid, Fiat Chrysler, and France-based PSA has taken another step, with the choice of a name for the new company:
"Stellantis."
Stellantis is rooted in the Latin verb "stello," which roughly translated means to brighten with stars.
The choice of a brand new name puts to rest waggish speculation that the new company might be named some tongue-twisting combination of Fiat Chrysler and Peugeot.
The next step in the merger will be the unveiling of a new logo. The companies plan to finalize the merger in the first quarter of 2021. It's expected to create the fourth largest global automaker by sales.
