An iconic Detroit automaker, Fiat-Chrysler, is merging with another European auto company, .
This week shareholders of both Fiat-Chrysler and French automaker PSA overwhelmingly approved the merger.
The new company will be called Stellantis.
It will be the fourth largest auto company in the world, with brands ranging from Jeep and Dodge Ram to Peugeot and Opal.
Carla Bailo is the C.E.O. of the Center for Automotive Research. She believes the new company will benefit from the mix of cultures.
“Those companies that have really really done well in the mergers over the years are those that have allowed the individual companies to keep their cultures and their personalities intact.”
Analysts say the merger may help open the Chinese and European markets to some U.S. name plates that have struggled to do so in the past.