The PSA / Fiat-Chrysler merger was approved on Monday by a vote of shareholders of both groups.
Ultimately, this new alliance, called Stellantis, will produce more than 9 million vehicles per year and will be led by Carlos Tavares.
Peugeot-Citroën (PSA) shareholders on Monday approved the merger of the French group with Fiat-Chrysler (FCA) to form Stellantis, the world's 4th largest automotive group.
During an online general meeting, shareholders approved more than 99.8% of the three resolutions concerning the merger, the effective date of which must be announced "very quickly", according to the chairman of the management board of PSA and future director General of Stellantis, Carlos Tavares.
"I have rarely had the feeling as much as today to live a moment of history", declared the emblematic chairman of the supervisory board of PSA, Louis Gallois, who is retiring following this merger. .
Carlos Tavares justified the operation by the need to share the costs in the face of the energy transition, and to have a more balanced global base with access to American markets.
The reference shareholders of PSA (the Peugeot family, the Chinese group Dongfeng and the French State) had already given their blessing to this merger.