Peugeot builds first car
Peugeot produces its first automobile, a steam-powered tricycle, designed by Léon Serpollet. This marks the beginning of Peugeot's car manufacturing. #automotive #history
Stellantis NV is a multinational automotive manufacturer formed in 2021 by the merger of PSA Group and Fiat Chrysler Automobiles, tracing its roots to the founding of Peugeot in 1889, Fiat in 1899, and Chrysler in 1925. The timeline highlights key vehicle launches, corporate mergers, leadership changes, and strategic shifts from the late 19th century to the present.
Peugeot produces its first automobile, a steam-powered tricycle, designed by Léon Serpollet. This marks the beginning of Peugeot's car manufacturing. #automotive #history
Armand Peugeot formally establishes the Société Anonyme des Automobiles Peugeot, separating the car business from the family's steel and bicycle operations. #automotive #corporate
Fabbrica Italiana Automobili Torino (Fiat) is founded by a group of investors including Giovanni Agnelli. The first Fiat plant opens in Turin. #automotive #Italy
A.L.F.A. (Anonima Lombarda Fabbrica Automobili) is founded in Milan, later becoming Alfa Romeo. It becomes a symbol of Italian sports cars. #automotive #Italy
Officine Alfieri Maserati is founded in Bologna by the Maserati brothers, later becoming a legendary luxury sports car brand. #automotive #Italy
André Citroën founds Citroën, launching the mass production of automobiles in France with the Type A. #automotive #France
Walter Chrysler reorganizes the Maxwell Motor Company into the Chrysler Corporation, launching the Chrysler Six and establishing a major American automaker. #automotive #USA
Citroën introduces the Traction Avant, the first mass-produced front-wheel-drive car with a monocoque body, revolutionizing automotive design. #automotive #innovation
Citroën unveils the 2CV at the Paris Motor Show, an affordable and utilitarian car designed for rural France, becoming an icon of French motoring. #automotive #France
Citroën introduces the DS at the Paris Motor Show, featuring revolutionary hydropneumatic suspension and futuristic styling, setting new standards for ride comfort and handling. #automotive #innovation
Fiat launches the Nuova 500, a small city car that becomes a symbol of Italian post-war mobility and cultural icon. #automotive #Italy
Peugeot introduces the 404, a mid-size family car known for its durability and elegant design by Pininfarina, becoming a best-seller in many markets. #automotive #France
Peugeot and Citroën merge to create PSA Peugeot Citroën, forming a major French automotive group to compete globally. #automotive #merger
PSA Group buys Chrysler's European operations (including Simca and Rootes) for $230 million, greatly expanding its market share. The brands are later rebranded as Talbot. #automotive #acquisition
Peugeot launches the 205, a supermini that becomes a best-seller and saves the company from financial crisis. The 205 GTI version becomes a hot hatch icon. #automotive #France
Chrysler introduces the Dodge Caravan and Plymouth Voyager, creating the minivan segment and revolutionizing family transportation. #automotive #innovation
Chrysler purchases American Motors Corporation, gaining the Jeep brand and the profitable Jeep Cherokee (XJ) line, which strengthens Chrysler's SUV lineup. #automotive #acquisition
Daimler-Benz and Chrysler merge in a $36 billion deal, creating DaimlerChrysler, a global automotive giant. The merger is billed as a 'merger of equals' but later proves problematic. #automotive #merger
Daimler sells an 80.1% stake in Chrysler to Cerberus Capital Management for $7.4 billion, ending the troubled DaimlerChrysler merger. Chrysler is renamed Chrysler LLC. #automotive #divestiture
Chrysler emerges from bankruptcy with Fiat acquiring a 20% stake in exchange for technology and access to markets. Sergio Marchionne becomes CEO. This begins the integration of Fiat and Chrysler. #automotive #merger
Fiat exercises its option to buy additional shares from the US Treasury, gaining majority control of Chrysler. This step solidifies Fiat's leadership in the combined group. #automotive #acquisition
Fiat completes the purchase of the remaining 41.5% of Chrysler from the VEBA trust for $4.35 billion, creating Fiat Chrysler Automobiles (FCA) on January 1, 2014. #automotive #merger
FCA lists on the New York Stock Exchange under the ticker FCAU, raising about $3.8 billion. The listing provides capital for expansion and debt reduction. #automotive #finance
PSA Group buys Opel and Vauxhall from General Motors for €2.2 billion, becoming the second-largest European carmaker by market share. The acquisition includes manufacturing plants and brands. #automotive #acquisition
Sergio Marchionne, the CEO of FCA and chairman of Ferrari, dies unexpectedly at age 66 after complications from surgery. He is credited with saving both Fiat and Chrysler. #automotive #leadership
PSA Group and Fiat Chrysler Automobiles agree to merge in a 50-50 share exchange, creating the world's fourth-largest automaker with the name Stellantis. The deal is valued at about $50 billion. #automotive #merger
The European Commission grants conditional antitrust approval for the merger, requiring concessions in minivan and commercial vehicle markets. This clears a major regulatory hurdle. #automotive #regulation
Stellantis N.V. is established after the merger of PSA and FCA, with shares trading on Euronext Paris, Borsa Italiana, and NYSE. Carlos Tavares becomes CEO. The company owns 14 automotive brands. #automotive #merger
Stellantis shares debut on Euronext Paris and Borsa Italiana under the ticker STLA. The listing marks the first day of trading for the merged company. #automotive #finance
Stellantis unveils its strategic plan Dare Forward 2030, aiming for 100% EV sales in Europe and 50% in the US by 2030, with a target of over €300 billion in revenue. #automotive #electrification
Stellantis inaugurates its first gigafactory for electric vehicle batteries in Douvrin, France, as part of a joint venture with TotalEnergies and Mercedes-Benz. The plant supports the group's electrification strategy. #automotive #electrification
Stellantis announces a record net profit of €16.8 billion for 2022, driven by strong pricing and vehicle sales, despite supply chain challenges. #automotive #finance
Stellantis invests €1.5 billion for a 20% stake in Chinese EV maker Leapmotor, forming a joint venture to accelerate EV production and global expansion. #automotive #electrification
Stellantis introduces the all-electric Ram ProMaster, expanding its EV lineup in the commercial vehicle segment, key for the North American market. #automotive #EV
The United Auto Workers union threatens to strike at Stellantis plants over contract disputes, highlighting labor tensions amid high profits. #automotive #labor
Carlos Tavares steps down as CEO of Stellantis following a boardroom clash, with the company citing strategic differences. An interim CEO is appointed. #automotive #leadership