"A new auto giant will make its New York trading debut Tuesday. Fiat Chrysler and PSA officially tied the knot on Saturday, creating Stellantis, the world’s fourth-biggest auto maker by production. The merger will give the new entity the scale needed to better compete in a rapidly changing industry that’s squarely focused on electrification and self-driving technologies. Company executives have already identified US$5.9 billion in annual cost savings—and that’s before any plant closures. We could see some significant changes at Stellantis, which starts out with 14 brands and a weak position in China, the world’s largest car market. Its new CEO, Carlos Tavares, said in November that "only the most agile, with a Darwinian spirit, will survive" the changes taking place in the industry."