Is it a new medication for a medical issue you hardly ever read of, the place the drugmaker’s ad tells you to “talk to your medical doctor?”
The name was unveiled Wednesday evening. The company explained it arrives from “the Latin verb ‘stello,’ which means ‘to brighten with stars.'”
“It draws inspiration from this new and formidable alignment of storied automotive models and strong corporation cultures that in coming together are developing a single of the new leaders in the future period of mobility even though at the exact time preserving all the excellent benefit and the values of its constituent components,” explained the company’s assertion.
You would not see Stellantis on the company’s cars and trucks or dealerships, however. It will merely be the corporate name.
The brand name names of Chrysler, Dodge, Ram, Jeep, Fiat, Alfa Romeo and Maserati, all component of Fiat Chrysler now, will continue. So will Peugeot, Citroën, DS, Opel and Vauxhall, which are the PSA Group brand names, none of which are readily available in the US marketplace.
It really is uncommon in the auto business to have a corporate name that does not involve one of a company’s manufacturers. Till now,
Basic Motors (GM) and
Daimler (DDAIF) were the exceptions amongst international automakers. The two names go again a lot more than a century.
All other significant automakers – these as
Toyota (TM),
Volkswagen (VLKAF),
Ford (F) and the relaxation – have names that replicate their ideal advertising brands. All but
Tesla (TSLA) have other automobile models not in their company names.
Chrysler has been through two other mergers in the past 25 several years and the name of its most famous manufacturer stayed in the corporate title both of those times, with DaimlerChrysler and Fiat Chrysler. In in between it was owned by a private equity firm and utilised solely the Chrysler identify.
An uneven background of generating new corporate names
Coming up with new corporate names can be a tough enterprise.
Often in the course of a merger a corporation will just selected the model it thinks to be much better, even if it really is not the corporation executing the obtaining.
The united states West acquired US Airways out of bankruptcy and took the US Air identify. Then the new US Air purchased
American Airlines (AAL), yet again out of bankruptcy, and took the American Airlines name. The latest merger of Sprint and T-Mobile was accomplished below the
T-Cellular (TMUS) identify.
But generally
a new identify is concocted as portion of a merger.
Verizon (VZ) was formed by the 2000
merger of Bell Atlantic and GTE. That designed-up word lifted eyebrows then just as Stellantis is this early morning, but in the previous 20 many years it is come to be a significant established brand name name that several believe 2 times about now.
Other names haven’t aged as properly. Verizon made a subsidiary known as
Oath in 2017 to hold the property of Yahoo that it experienced just acquired and the belongings of AOL that it by now owned. The
name was dropped in December in favor of Verizon Media.
Kraft Foodstuff picked the title
Mondelez Intercontinental (MDLZ) for the snack food items division it spun off in 2012, relatively use the identify of any its
perfectly-recognized brands these types of as Oreos, Ritz or Cadbury. Kraft, too, pointed to Latin as the reasoning for the produced-up phrase, declaring that “monde” derives from the Latin word for “entire world,” and “delez” was intended to be a fanciful expression of “tasty.”
Coach, a model popular for its handbags,
adjusted it corporate identify to
Tapestry (TPR) in 2017.
Google’s
corporate identify became Alphabet (GOOG) in 2015, in an attempt to
improved to stand for its
non-Google branded divisions these types of as
Nest and
self-driving automobile device
Waymo. But the identify has not caught on as effectively, with several folks nonetheless utilizing Google when referring to the corporation as a whole.