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Fiat


Two of the world’s largest car makers are joining their businesses so they can move production to electric vehicles more effectively. Fiat Chrysler Automobiles and PSA Peugeot agreed Wednesday on a merger to form the world’s fourth largest car manufacturer. Officials say the combined companies will be better able to deal with tighter pollution rules …

The companies said in a joint statement Wednesday that they expect the 50-50 merger to be completed within 12 to 15 months, pending approval from shareholders and regulators. Fiat Chrysler (FCAU) and PSA (PUGOY) sold a combined 8.7 million vehicles last year, just ahead of General Motors (GM), which sold 8.3 million, and not far …

Cars Published on November 1st, 2019 | by Steve Hanley November 1st, 2019 by Steve Hanley  Just yesterday, CleanTechnica contributor Maarten Vinkhuyzen told us about Fiat Chrysler’s plan to merge with PSA Group, parent company of Peugeot and Citroen, a move he called “a huge …

A Jeep Renegade 4×4 e is presented at the Geneva Motor Show March 5, 2019. Signage in the background says”‘FCA Fiat Chrysler Automobiles,” to which Jeep belongs. Uli Deck | picture alliance | Getty Images Peugeot (PSA) and Fiat Chrysler (FCA) confirmed their intention to merge on Thursday, in what would be a 50-50 share …

Image copyright Getty Images PSA Group, the French owner of Peugeot, is exploring a merger with its US-Italian rival Fiat Chrysler, it has confirmed. A deal between the two carmakers would create a business with a combined market value of nearly $50bn (£39.9bn). This is Fiat Chrysler’s second attempt at a merger this year after …

FILE PHOTO: COO of EMEA Fiat Chrysler Pietro Gorlier speaks during the ceremony to mark the installation of the first robot on the production line for the new electric Fiat 500 BEV at the Mirafiori industrial complex on the 80th birthday of the plant in Turin, Italy July 11, 2019. REUTERS/Massimo Pinca September 19, 2019 …