VÉLIZY-VILLACOUBLAY, France and
LONDON, July 15, 2020 /PRNewswire/ --
IMPORTANT
NOTICE
By reading the following communication, you agree to be bound
by the following limitations and qualifications:
This communication is for informational purposes only and
is not intended to and does not constitute an offer or invitation
to exchange or sell or solicitation of an offer to subscribe for or
buy, or an invitation to exchange, purchase or subscribe for, any
securities, any part of the business or assets described herein, or
any other interests or the solicitation of any vote or approval in
any jurisdiction in connection with the proposed transaction or
otherwise, nor shall there be any sale, issuance or transfer of
securities in any jurisdiction in contravention of applicable law.
This communication should not be construed in any manner as a
recommendation to any reader of this document.
This communication is not a prospectus, product disclosure
statement or other offering document for the purposes of Regulation
(EU) 2017/1129 of the European Parliament and of the Council of
June 14th 2017.
An offer of securities in the
United States pursuant to a business combination transaction
will only be made, as may be required, through a prospectus which
is part of an effective registration statement filed with the U.S.
Securities and Exchange Commission ("SEC"). Shareholders of
Peugeot S.A. ("PSA") and Fiat Chrysler Automobiles N.V. ("FCA") who
are U.S. persons or are located in the
United States are advised to read the registration statement
when and if it is declared effective by the SEC because it will
contain important information relating to the proposed
transaction. You may obtain copies of all documents filed
with the SEC regarding the proposed transaction, documents
incorporated by reference, and FCA's SEC filings at the SEC's
website at http://www.sec.gov. In addition, the effective
registration statement will be made available for free to
shareholders in the United
States.
In a major step as they move towards the completion of their
50:50 merger as defined in the Combination Agreement announced on
18 December 2019, Peugeot S.A.
("Groupe PSA") and Fiat Chrysler Automobiles N.V. ("FCA") (NYSE:
FCAU / MTA: FCA) today announce that the corporate name of the
new group will be STELLANTIS.
STELLANTIS is rooted in the Latin verb "stello" meaning "to
brighten with stars". It draws inspiration from this new and
ambitious alignment of storied automotive brands and strong
company cultures that in coming together are creating one of
the new leaders in the next era of mobility while at the same time
preserving all the exceptional value and the values of its
constituent parts. STELLANTIS will combine the scale of a truly
global business with an exceptional breadth and depth of talent,
knowhow and resource capable of providing the
sustainable mobility solutions for the coming decades. The
name's Latin origins pay tribute to the rich history of its
founding companies while the evocation of astronomy captures the
true spirit of optimism, energy and renewal driving this
industry-changing merger.
The process of identifying the new name began soon after the
Combination Agreement was announced and the senior management of
both companies have been closely involved throughout, supported by
Publicis Group.
The STELLANTIS name will be used exclusively at the Group level,
as a Corporate brand. The next step in the process will be the
unveiling of a logo that with the name will become
the corporate brand identity. The names and the logos of the
STELLANTIS Group's constituent brands will remain unchanged.
As previously stated, completion of the merger project is
expected to occur in the first quarter of 2021, subject to
customary closing conditions, including approval by both companies'
shareholders at their respective Extraordinary General Meetings and
the satisfaction of antitrust and other regulatory
requirements.
About FCA
Fiat Chrysler Automobiles (FCA) is a global automaker that designs,
engineers, manufactures and sells vehicles in a portfolio of
exciting brands, including Abarth, Alfa Romeo, Chrysler, Dodge,
Fiat, Fiat Professional, Jeep®, Lancia, Ram and Maserati. It also
sells parts and services under the Mopar name and operates in the
components and production systems sectors under the Comau and
Teksid brands. FCA employs nearly 200,000 people around the globe.
For more information regarding FCA, please visit
www.fcagroup.com
About Groupe PSA
Groupe PSA designs unique
automotive experiences and delivers mobility solutions to meet all
customer expectations. The Group has five car brands, Peugeot,
Citroën, DS, Opel and Vauxhall and provides a wide array of
mobility and smart services under the Free2Move brand. Its 'Push to
Pass' strategic plan represents a first step towards the
achievement of the Group's vision to be "a global carmaker with
cutting-edge efficiency and a leading mobility provider sustaining
lifetime customer relationships". An early innovator in the field
of autonomous and connected cars, Groupe PSA is also involved in
financing activities through Banque PSA Finance and in automotive
equipment via Faurecia.Media library:
medialibrary.groupe-psa.com / @GroupePSA_EN
FORWARD-LOOKING STATEMENTS
This communication
contains forward-looking statements. In particular, these
forward-looking statements include statements regarding future
financial performance and the expectations of FCA and PSA (the
"Parties") as to the achievement of certain targeted metrics at any
future date or for any future period are forward-looking
statements. These statements may include terms such as "may",
"will", "expect", "could", "should", "intend", "estimate",
"anticipate", "believe", "remain", "on track", "design", "target",
"objective", "goal", "forecast", "projection", "outlook",
"prospects", "plan", or similar terms. Forward-looking statements
are not guarantees of future performance. Rather, they are based on
the Parties' current state of knowledge, future expectations and
projections about future events and are by their nature, subject to
inherent risks and uncertainties. They relate to events and depend
on circumstances that may or may not occur or exist in the future
and, as such, undue reliance should not be placed on
them. Actual results may differ materially from those
expressed in forward-looking statements as a result of a variety of
factors, including: the impact of the COVID-19 pandemic, the
ability of PSA and FCA and/or the combined group resulting from the
proposed transaction (together with the Parties, the "Companies")
to launch new products successfully and to maintain vehicle
shipment volumes; changes in the global financial markets, general
economic environment and changes in demand for automotive products,
which is subject to cyclicality; changes in local economic and
political conditions, changes in trade policy and the imposition of
global and regional tariffs or tariffs targeted to the automotive
industry, the enactment of tax reforms or other changes in tax laws
and regulations; the Companies' ability to expand certain of their
brands globally; the Companies' ability to offer innovative,
attractive products; the Companies' ability to develop, manufacture
and sell vehicles with advanced features including enhanced
electrification, connectivity and autonomous-driving
characteristics; various types of claims, lawsuits, governmental
investigations and other contingencies, including product liability
and warranty claims and environmental claims, investigations and
lawsuits; material operating expenditures in relation to compliance
with environmental, health and safety regulations; the intense
level of competition in the automotive industry, which may increase
due to consolidation; exposure to shortfalls in the funding of the
Parties' defined benefit pension plans; the ability to provide or
arrange for access to adequate financing for dealers and retail
customers and associated risks related to the establishment and
operations of financial services companies; the ability to access
funding to execute the Companies' business plans and improve their
businesses, financial condition and results of operations; a
significant malfunction, disruption or security breach compromising
information technology systems or the electronic control systems
contained in the Companies' vehicles; the Companies' ability to
realize anticipated benefits from joint venture arrangements;
disruptions arising from political, social and economic
instability; risks associated with our relationships with
employees, dealers and suppliers; increases in costs, disruptions
of supply or shortages of raw materials; developments in labor and
industrial relations and developments in applicable labor laws;
exchange rate fluctuations, interest rate changes, credit risk and
other market risks; political and civil unrest; earthquakes or
other disasters; uncertainties as to whether the proposed business
combination discussed in this document will be consummated or as to
the timing thereof; the risk that the announcement of the proposed
business combination may make it more difficult for the Parties to
establish or maintain relationships with their employees, suppliers
and other business partners or governmental entities; the risk that
the businesses of the Parties will be adversely impacted during the
pendency of the proposed business combination; risks related to the
regulatory approvals necessary for the combination; the risk that
the operations of PSA and FCA will not be integrated successfully
and other risks and uncertainties. Any forward-looking
statements contained in this communication speak only as of the
date of this document and the Parties disclaim any obligation to
update or revise publicly forward-looking statements. Further
information concerning the Parties and their businesses, including
factors that could materially affect the Parties' financial
results, are included in FCA's reports and filings with the SEC,
the AFM and CONSOB and PSA's filings with the AMF.
View original
content:http://www.prnewswire.com/news-releases/stellantis-the-name-of-the-new-group-resulting-from-the-merger-of-fca-and-groupe-psa-301094193.html
SOURCE Fiat Chrysler Automobiles NV