"This is not a crisis merger," he told an analyst conference, after Stellantis forecast higher profitability for 2021 and PSA and Fiat which merged in January reported better-than-expected results for 2020. "This is a merger that is going to open new opportunities for a company that is sound, with talented people ... who do not want to be cornered in a legacy or a dinosaur position." Stellantis aims to deliver over 5 billion euros a year in savings through the merger, as well as bulking up to face industry challenges.