dearJulius.com
Business and Lifestyle Directory

Fiat Chrysler and Peugeot's PSA Reported to Be in Merger Talks

The Wall Street Journal is reporting today that the two manufacturers could combine, bringing Fiats, Rams, Citroëns, and Opels under one $50 billion umbrella.

© Peugeot   The Wall Street Journal is reporting today that the two manufacturers could combine, bringing Fiats, Rams, Citroëns, and Opels under one $50 billion umbrella.

By Colin Beresford, Car and Driver

  • PSA, the parent company of Peugeot, Citroën, and DS cars, could be on the road to merging with Fiat Chrysler Automobiles (FCA), the Wall Street Journal reports.
  • Peugeot had previously announced a plan to return to the U.S. market by 2026.
  • The news of the possible merger comes several months after a possible Fiat and Renault merger failed to materialize.

Fiat Chrysler Automobiles and and PSA, the French parent company of Peugeot, Citroën, and the luxury-car brand DS, could combine into a single entity worth $50 billion, according to a report today in the Wall Street Journal. The paper cited "people familiar with the matter" and cautioned that the talks are "fluid" at this point.

© Crozes/DS   PSA

In a press release, Groupe PSA confirmed on Wednesday following the report published by the Journal that it is in talks to combine with FCA, "aiming at creating one of the world‘s leading automotive Groups."

Peugeot chief executive Carlos Tavares would assume the head of the conglomerate as CEO, while FCA chairman John Elkann would retain his role at the new company, the paper's sources said. Several months ago, Fiat and France's other major carmaker, Renault, ended talks to merge after the French government, the top shareholder of Renault, didn't accept Fiat's initial offer and Renault's partner Nissan balked. PSA acquired General Motors' Opel and Vauxhall brands in 2017.

Earlier this year, we learned PSA will reportedly return to selling Peugeots in the U.S. by 2026 after leaving the market in the early 1990s. The crossover pictured at top is a 2020 Euro-spec Peugeot 2008.

COMMENTS



Note: If you think this story need more information or correction, feel free to comment below your opinion and reaction.
Name

Autos,846,Motorcycles,177,News,1170,
ltr
item
Autos News: Fiat Chrysler and Peugeot's PSA Reported to Be in Merger Talks
Fiat Chrysler and Peugeot's PSA Reported to Be in Merger Talks
The Wall Street Journal is reporting today that the two manufacturers could combine, bringing Fiats, Rams, Citroëns, and Opels under one $50 billion umbrella.
https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjxo2u6tcrhDpkROp8Bs9Yf5f36-Ntb2v40Ad85cwze3LT_YO-Fi-PYtbGnIi1-perjWvr0ru-IRqIRG0Wk-OH-1BzgnOQ0tKJjFpLBY8SQoY3INDfpLccTiUd2hGAn-p9n9VqdYBe41uk/s1600/1.jpg
https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjxo2u6tcrhDpkROp8Bs9Yf5f36-Ntb2v40Ad85cwze3LT_YO-Fi-PYtbGnIi1-perjWvr0ru-IRqIRG0Wk-OH-1BzgnOQ0tKJjFpLBY8SQoY3INDfpLccTiUd2hGAn-p9n9VqdYBe41uk/s72-c/1.jpg
Autos News
https://autos.dailynewsview.com/2019/10/fiat-chrysler-and-peugeots-psa-reported-to-be-in-merger-talks.html
https://autos.dailynewsview.com/
https://autos.dailynewsview.com/
https://autos.dailynewsview.com/2019/10/fiat-chrysler-and-peugeots-psa-reported-to-be-in-merger-talks.html
true
940072619809238334
UTF-8
Loaded All Posts Not found any posts VIEW ALL Read More Reply Cancel reply Delete By Home PAGES POSTS View All RECOMMENDED FOR YOU LABEL ARCHIVE SEARCH ALL POSTS Not found any post match with your request Back Home Sunday Monday Tuesday Wednesday Thursday Friday Saturday Sun Mon Tue Wed Thu Fri Sat January February March April May June July August September October November December Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec just now 1 minute ago $$1$$ minutes ago 1 hour ago $$1$$ hours ago Yesterday $$1$$ days ago $$1$$ weeks ago more than 5 weeks ago Followers Follow THIS PREMIUM CONTENT IS LOCKED STEP 1: Share. STEP 2: Click the link you shared to unlock Copy All Code Select All Code All codes were copied to your clipboard Can not copy the codes / texts, please press [CTRL]+[C] (or CMD+C with Mac) to copy