Stellantis – the merged automaker of Fiat Chrysler and France-based Groupe PSA – will start buying and selling Tuesday beneath the image “STLA” on the New York Inventory Change.

The $52 billion merger was finalized Saturday with the brand new firm’s shares buying and selling Monday beneath the identical ticker image on the Euronext in Paris and on the Borsa Italiana in Milan, Italy. Buying and selling of U.S.-based shares had been delayed a day as a result of the U.S. markets had been closed Monday for the Martin Luther King Jr. vacation.

Stellantis is the world’s fourth-largest automaker by quantity. The corporate’s operations, together with its 400,000 staff, will largely be in North America and Europe.

Here is what else you must know in regards to the firm:

Shares

After the completion of the merger, Groupe PSA shareholders acquired about 1.7 shares of Stellantis for every PSA share, whereas Fiat Chrysler shareholders acquired 1 share of Stellantis for every of their shares.

In a digital launch on the Borsa Italiana web site, Stellantis CEO Carlos Tavares, former CEO of Groupe PSA, mentioned the merger would add 25 billion euros ($30.3 billion) in worth to shareholders over the approaching years as a result of projected price cuts.

“All of our staff and our administration groups are completely targeted on the worth creation that’s embedded on the merger of FCA-PSA and the creation of Stellantis,” he mentioned.

Value-cutting

The merger is anticipated to offer about 5 billion euros, or $6.1 billion, in annual price financial savings, in line with officers.

Stellantis

The corporate’s title is rooted in the Latin verb “stello” which means “to brighten with stars,” the businesses have mentioned.

The title Stellantis will probably be used for the umbrella company, however not for its automobiles. The corporate’s 14 particular person auto manufacturers equivalent to Alfa Romeo, Chrysler, Fiat, Jeep and Peugeot – all which have historic significance of their respective nations – will stay unchanged.

Board of administrators

The Stellantis Board of Administrators consists of two govt administrators, Tavares and former Fiat Chrysler chairman John Elkann.

The businesses non-executive administrators are:

• Robert Peugeot, of the French automaker’s Peugeot household
• Henri de Castries, former CEO of insurer Axa S.A.
• Andrea Agnelli, Elkann’s cousin and a member of the household that controls Fiat Chrysler
• Fiona Clare Cicconi, chief human sources officer at AstraZeneca PLC
• Nicolas Dufourcq, CEO of French funding financial institution Bpifrance S.A.
• Ann Frances Godbehere, director at Royal Dutch Shell PLC
• Wan Ling Martello, associate and co-founder at personal fairness agency BayPine
• Jacques de Saint-Exupéry, head of the employees’ council at PSA
• Kevin Scott, chief know-how officer at Microsoft Corp.

– CNBC’s Elliot Smith contributed to this report.