Fiat Chrysler merges with PSA Group: Stellantis is born

Fiat Chrysler has merged with PSA Group and the new entity will be called Stellantis.  Stellantis will become the fourth largest carmaker on Earth, behind Toyota, Volkswagen and Hyundai - but it will be a challenge for Stellantis to survive because it has no sales in China (world's largest car market) as well as massive over-production capacity and commitments with the French Government not to close factories or reduce head count.  

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