PSA Group and Fiat Chrysler Automobiles have agreed to combine to create the world’s fourth-biggest carmaker
The transaction would forge a regional powerhouse to rival Germany’s Volkswagen and, with a market value of about US$47 billion, surpassing Ford. It will take as long as 15 months to complete, pending approvals by shareholders of both companies and by regulators, the carmakers estimated.
In an era when size is becoming ever more important, the deal will turn the two mid-sized carmakers into a global heavyweight, with a stable of popular brands and annual vehicle sales surpassing General Motors. The combination will give Peugeot-maker PSA a long-sought presence in North America and should help Fiat gain ground in developing low-emission technology, where it’s lagged rivals.
https://justacarguy.blogspot.com/2019/10/fiat-chrysler-and-groupe-psa-owner-of.html
https://driving.ca/chrysler/auto-news/news/fiat-chrysler-and-peugeot-confirm-merger-into-one-us46-billion-automaker
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