Stellantis N.V.
Acquisitions
3
Major Deals Covered
This page covers 3 major deals from 2021 to 2023, each with its price where disclosed and the reason behind it.
| Company | Year | Price | Purpose |
|---|---|---|---|
| Fiat Chrysler Automobiles and Groupe PSA merger | 2021 | Undisclosed | All-share 50-50 merger to gain the scale needed for electrification, software and platform investment. |
| Leapmotor (about 21% stake) | 2023 | Undisclosed | Invested about $1.69 billion (EUR 1.5 billion) for roughly 21% of Leapmotor and formed Leapmotor International to sell its EVs outside Greater China. |
| Share Now | 2022 | Undisclosed | Car-sharing business bought from BMW and Mercedes-Benz and folded into Free2move. |
2023
Invested about $1.69 billion (EUR 1.5 billion) for roughly 21% of Leapmotor and formed Leapmotor International to sell its EVs outside Greater China.
Gave Stellantis a lower-cost EV range for Europe and other markets.
Leapmotor International is 51% owned by Stellantis and 49% by Leapmotor.
2022
Car-sharing business bought from BMW and Mercedes-Benz and folded into Free2move.
2021
All-share 50-50 merger to gain the scale needed for electrification, software and platform investment.
Combined 14 brands under one group with shared platforms and purchasing.
Completed January 16, 2021; Stellantis shares began trading January 18, 2021.
Under FaSTLAne 2030, presented at the May 21, 2026 investor day, Stellantis plans to invest more than $67.8 billion (EUR 60 billion) over five years and launch more than 60 new vehicles. The plan moves away from an EV-only route toward multi-energy platforms offering combustion, hybrid and electric powertrains, gives more autonomy to brands and regions, and uses the Leapmotor partnership for lower-cost EVs outside China.
Stellantis makes money mainly by building and selling cars, SUVs, pickups and vans through franchised dealers in more than 130 markets. North America (Jeep, Ram, Dodge, Chrysler) has historically produced the largest share of profit. Enlarged Europe (Peugeot, Opel, Citroen, Fiat) supplies volume and leads in light commercial vehicles, while South America, led by Fiat and Jeep in Brazil, is consistently profitable. Parts and service under Mopar, captive and partner finance, Leasys leasing and the Leapmotor International joint venture add further revenue.
In January 2021, Fiat Chrysler Automobiles (FCA) and PSA Group completed a 50-50 cross-border mega-merger valued at over €40 billion ($50 billion USD). The merger combined FCA's profitable American truck and Italian footprint with PSA's European engineering efficiency, creating the world's fourth-largest automaker.
In October 2023, Stellantis invested €1.5 billion to acquire an approximate 21% strategic equity stake in Chinese electric vehicle maker Leapmotor. The companies created Leapmotor International (a 51-49 joint venture led by Stellantis) with exclusive worldwide rights to export, sell, and manufacture Leapmotor EVs outside Greater China.
In August 2017, PSA Group acquired GM's European operations—including German brand Opel and British brand Vauxhall—for €2.2 billion ($2.6 billion USD). Carlos Tavares turned Opel profitable in under eighteen months by cutting manufacturing redundancies and sharing PSA platforms.
Following Chrysler's 2009 Chapter 11 bankruptcy during the financial crisis, Fiat CEO Sergio Marchionne partnered with the U.S. Obama administration, taking an initial 20% equity stake in exchange for providing small-car technology. Fiat systematically bought out the UAW retiree health care trust (VEBA), completing full ownership in 2014 to form FCA.
In 1987, Chrysler CEO Lee Iacocca orchestrated the $1.5 billion acquisition of American Motors Corporation (AMC) from Renault and public shareholders. The primary prize was the iconic Jeep brand, which grew into the most valuable asset in the entire American automotive portfolio.
In 1974, when Citroën faced bankruptcy due to financial overexpansion and the 1973 oil crisis, the French government asked Peugeot to take over the company. Peugeot acquired full control of Citroën in 1976, creating the holding company PSA Peugeot Citroën.
In December 2022, Stellantis acquired Hungarian autonomous driving software developer aiMotive to accelerate the in-house development of its STLA AutoDrive autonomous driving platform and ADAS vision algorithms.
Stellantis co-founded Automotive Cells Company (ACC) with TotalEnergies/Saft and Mercedes-Benz to build European gigafactories. In North America, it established the StarPlus Energy JV with Samsung SDI (Indiana) and NextStar Energy JV with LG Energy Solution (Ontario, Canada).
No, Ferrari was spun off prior to the Stellantis merger. In 2015–2016, FCA CEO Sergio Marchionne and Chairman John Elkann successfully spun off Ferrari into an independent publicly traded company (RACE), creating tens of billions in value for shareholders while retaining Exor as Ferrari's anchor owner.
In 1998, Daimler-Benz acquired Chrysler for $36 billion in a heralded "merger of equals." Cultural clashes, management discord, and product missteps led Daimler to sell 80% of Chrysler to private equity firm Cerberus Capital Management in 2007 for just $7.4 billion, paving the way for Chrysler's 2009 bankruptcy and rescue by Fiat.
In July 2022, Stellantis' mobility arm Free2move acquired European car-sharing joint venture Share Now (formerly Car2go and DriveNow) from BMW Group and Mercedes-Benz Mobility, adding 14 major European cities and 3.4 million users to its car-sharing platform.
Stellantis focuses on software, semiconductor, and battery supply chain joint ventures rather than acquiring additional traditional automakers. The Leapmotor partnership serves as the template: using capital-light joint ventures to access cutting-edge tech while deploying it through Stellantis' existing factories and dealer networks.
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