(Adds comments from French, Italian unions) PARIS/MILAN, Oct 31 (Reuters) – European labour unions have called on Peugeot owner PSA and Fiat Chrysler to avoid job cuts and factory closures as the two major carmakers prepare to tie the knot, underscoring worries about the $50 billion deal as the regional economy falters. As PSA and… Continue reading UPDATE 1-European labour unions fret about jobs in Fiat Chrysler-PSA deal
Tag: FCA
Grupo PSA y FCA planean unir fuerzas para construir un líder mundial en esta nueva era de movilidad sustentable
“Grupo PSA y FCA planean unir fuerzas para construir un líder mundial en esta nueva era de movilidad sustentable” Las discusiones han abierto un camino hacia la creación de un nuevo grupo de escala global y recursos que son propiedad de los accionistas de PSA en un 50% y por los de FCA en un… Continue reading Grupo PSA y FCA planean unir fuerzas para construir un líder mundial en esta nueva era de movilidad sustentable
Vauxhall fears after car giants Fiat and PSA announce merger
Fiat Chrysler is to merge with Vauxhall’s owner PSA to create the world’s fourth largest car company. The two sides say they have yet to finalise all the details, but the 50-50 merger is expected to provide significant cost savings. That has raised concerns at Vauxhall, which employs 3,000 people in the UK, as it… Continue reading Vauxhall fears after car giants Fiat and PSA announce merger
Fiat Chrysler and Peugeot owner PSA agree £35bn merger
Automotive industry Tie-up of Italian and French firms would create world’s fourth-biggest carmaker The two companies said the merger would generate cost savings without closing factories. Photograph: Marco Bertorello/AFP/Getty Images The boards of Fiat Chrysler Automobiles (FCA) and the Peugeot owner, Groupe PSA, have approved a €40bn (£35bn) merger that would create the world’s fourth-biggest… Continue reading Fiat Chrysler and Peugeot owner PSA agree £35bn merger
Fiat Chrysler, Peugeot deal good news but must not affect jobs in Italy – Italian minister
ROME, Oct 31 (Reuters) – A planned merger between Italy’s Fiat Chrysler (FCA) and French Peugeot owner PSA is good news provided it does not affect jobs in Italy, the country’s industry minister said on Thursday. “We will ask FCA for continuity on its industrial plan and on investments and production in Italy”, Stefano Patuanelli… Continue reading Fiat Chrysler, Peugeot deal good news but must not affect jobs in Italy – Italian minister
UPDATE 2-Fiat Chrysler and Peugeot plan to create world’s No.4 carmaker
MILAN/PARIS (Reuters) – Fiat Chrysler (FCHA.MI) and Peugeot owner PSA (PEUP.PA) plan to join forces through a 50-50 share swap to create the world’s fourth-largest automaker, they said on Thursday, triggering a new wave of consolidation in the car industry. Logos of Peugeot and Fiat are seen in this illustration picture taken October 30, 2019.… Continue reading UPDATE 2-Fiat Chrysler and Peugeot plan to create world’s No.4 carmaker
Groupe PSA and FCA plan to join forces to build a world leader for a new era in sustainable mobility
RUEIL-MALMAISON, France and LONDON, Oct. 31, 2019 /PRNewswire/ — The combination would create the 4th largest global OEM in terms of annual unit sales (8.7m vehicles) At its inception, the combined company would realize among the highest margins in the markets where it would operate, based on FCA’s strength in North America and Latin America and… Continue reading Groupe PSA and FCA plan to join forces to build a world leader for a new era in sustainable mobility
Fiat Chrysler-PSA must keep French industrial footprint: France’s Le Maire
PARIS (Reuters) – France welcomed a planned merger between Italy’s Fiat Chrysler (FCHA.MI) and French Peugeot maker PSA (PEUP.PA), but would be vigilant about the firm’s French industrial footprint and about maintaining its decision centers, French Finance Minister Bruno Le Maire said in a statement on Thursday. Le Maire also said that he would hold… Continue reading Fiat Chrysler-PSA must keep French industrial footprint: France’s Le Maire
FCA to pay 5.5 bln euro dividend, PSA to spin off Faurecia stake in proposed tie-up plan-sources
FILE PHOTO: Logos of Peugeot and Fiat are seen in this illustration picture taken October 30, 2019. REUTERS/Regis Duvignau/ MILAN (Reuters) – Fiat Chrysler (FCHA.MI) will pay its shareholders a 5.5 billion euro ($6.1 billion) special dividend under a proposed tie-up scheme with French rival Peugeot (PEUP.PA), two sources close to the matter said on… Continue reading FCA to pay 5.5 bln euro dividend, PSA to spin off Faurecia stake in proposed tie-up plan-sources
Car giants plot US-European mega-merger
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 it pulled out of… Continue reading Car giants plot US-European mega-merger