# Groupe PSA and FCA agree to merge to form Stellantis

Groupe PSA and Fiat Chrysler Automobiles (FCA) agreed to merge, creating the 4th largest global OEM by volume and 3rd largest by revenue, with annual sales of 8.7 million units.

- Type: Acquisition
- Announced: 2019-12-18
- Where: France
- Value: $761.4M (685.0M EUR)
- Status: announced
- Products: vehicles
- Sectors: [Automotive Components](https://endata.com/sectors/automotive-components.md)

## Companies

- [Groupe PSA](https://endata.com/companies/718.md)
- [Groupe PSA](https://endata.com/companies/718.md) (acquirer)
- [Dongfeng Motor](https://endata.com/companies/3392.md) (partner)
- [Fiat Chrysler Automobiles](https://endata.com/companies/14862.md) (partner)
- [Fiat Chrysler Automobiles](https://endata.com/companies/14862.md) (target)

## Sources

- [stellantis.com](https://www.stellantis.com/en/news/press-releases/2019/december/groupe-psa-and-fca-agree-to-merge), 2019-12-18: "New entity will have the leadership, resources and scale to be at the forefront of a new era of sustainable mobility"
- [autotechinsight.spglobal.com](https://autotechinsight.spglobal.com/news/5252945/groupe-psa-and-fca-agree-to-merge-sign-binding-combination-agreement), 2019-12-18: "The 50:50 merger paves the way for creating the world fourth largest automotive group by volume and third largest by revenue."
- [yicaiglobal.com](https://www.yicaiglobal.com/news/china-dongfeng-to-cut-psa-stake-hold-45-of-merged-psa-fiat-chrysler), 2019-12-20: "Dongfeng agreed to sell its 30.7 million shares in PSA, around 3.09 percent of the total, to PSA before the merger"

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.