Fourth-largest car company floats on Milan and Paris stock exchanges

Stellantis was created by the merger of Fiat Chrysler and Peugeot (John Stillwell/Fiona Hanson/PA)

Stellantis, the car company combining PSA Peugeot and Fiat Chrysler, was launched on the Milan and Paris stock exchanges, giving life to the fourth-largest car company in the world.

Stellantis shares rose 2.5% in Milan in early trading to 13.18 euros (15.91 US dollars), recovering losses to Fiat Chrysler from Friday.