stellantis

Chrysler is a "pillar" of the automotive industry and will continue to build cars, according to Stellantis CEO Carlos Tavares. The brand faced an uncertain future following last year’s high profile FCA and PSA merger – named Stellantis – due to its narrow line-up and dwindling sales.

Peugeot Group is technically buying out the Fiat-Chrysler Group – not merging with it, as was previously reported – according to fine print analysis of the Stellantis agreement. Stellantis is the name given to the new company which comprises all Peugeot Group (PSA) and Fiat-Chrysler Group (FCA) brands. The contract shows that, for accounting purposes at least, the identification of an "acquirer and acquiree" was necessary in the arrangement.

Offices belonging to Fiat-Chrysler (FCA) have been searched by authorities in Germany, Italy, and Switzerland, in relation to an emissions probe by Germany authorities. According to a report by news outlet Reuters, the raids were initiated by German prosecutors looking into potentially illegal engine management software used by Fiat, Alfa Romeo, and Jeep models. The software is suspected of defeating emissions detection devices.