Tag: FCA

Groupe PSA and FCA agree to merge

RUEIL-MALMAISON, France and LONDON, Dec. 18, 2019 /PRNewswire/ — Combines companies’ extensive and growing capabilities to address the challenge of shaping the new era of sustainable mobility Combined company will be the 4th largest global OEM by volume and 3rd largest by revenue with annual sales of 8.7 million units and combined revenues of nearly €170 billion1… Continue reading Groupe PSA and FCA agree to merge

UPDATE 1-Dongfeng to reduce PSA stake in merger deal with Fiat-sources

(Updates to add Dongfeng reached for comment, shares on trading halt) MILAN, Dec 17 (Reuters) – China’s Dongfeng Motor will have a reduced stake of around 4.5% in the new group resulting from the merger between Peugeot owner PSA and rival Fiat Chrysler, two sources said on Tuesday. Earlier the board of PSA approved a… Continue reading UPDATE 1-Dongfeng to reduce PSA stake in merger deal with Fiat-sources

Boards of Fiat Chrysler, Peugeot owner PSA, sign off on merger: sources

MILAN (Reuters) – The boards of French carmaker PSA (PEUP.PA), the owner of Peugeot, and Fiat Chrysler (FCHA.MI) (FCA) in separate meetings on Tuesday approved a binding agreement for a $50 billion merger, sources said. FILE PHOTO: Carlos Tavares, Chief Executive Officer and Chairman of the Managing Board of PSA Group, attends a news conference… Continue reading Boards of Fiat Chrysler, Peugeot owner PSA, sign off on merger: sources

Auto industry: Fiat Chrysler and PSA want to seal their merger – experts fear wave of layoffs

Munich, Paris, Milan, New York The verdict of PSA-Manager about the possible merger partner is tough. The offer of Fiat Chrysler (FCA) for many future technologies is simply “not at the state of the art”, it says in a 40-page executive presentation in November, which is available to the Handelsblatt. Neither the alternative drives and… Continue reading Auto industry: Fiat Chrysler and PSA want to seal their merger – experts fear wave of layoffs

After 50 Years, This Would-Be ‘Ferrari Killer’ Is Back: Say Hello to the New ATS GT – Robb Report

True connoisseurs of automobiles take years or even decades to acquire their level of discernment, appreciate proper historical content and context, and use these factors as guides for what to purchase. Then they often keep their cars for a good portion of their lives. Their knowledge of a particular marque’s story, its place in the… Continue reading After 50 Years, This Would-Be ‘Ferrari Killer’ Is Back: Say Hello to the New ATS GT – Robb Report

PSA-Fiat Chrysler: the three subjects to watch out for in the marriage contract

Posted Dec 16 2019 at 6:45 am PSA and Fiat Chrysler are on track to meet the schedule they had set. After making it public their union project October 31, the two manufacturers are expected to announce this week that they have agreed to the signing of an engaging agreement (a “memorandum of understanding” in… Continue reading PSA-Fiat Chrysler: the three subjects to watch out for in the marriage contract

Parma Calcio resumes the Silk Road, an agreement between Italian consortium and Chinese partner

4 ‘of reading Parma remains Italian-Chinese. The agreement between the parties closes the dispute between the New Start, the company formed by seven businessmen from Parma who holds the majority package of Parma Calcio 1913, and Link International / Hope Group of the Chinese tycoon Jiang Lizang, who currently owns 30 % of the share… Continue reading Parma Calcio resumes the Silk Road, an agreement between Italian consortium and Chinese partner

Turnaround artist Tavares in good spot for next race – Automotive News Europe

At a time when many in the industry are talking about the need to consolidate, but actual deals have been scarce, Tavares has forged ahead. In Opel, he found an additional 1 million vehicles a year on which to spread out development costs, increase platform utilization, multiply the effects of r&d and drive savings on… Continue reading Turnaround artist Tavares in good spot for next race – Automotive News Europe

MINI Expects Only 110 Miles Of EPA Range For Cooper SE

110 miles (177 km) is an estimated range figure from MINI. The MINI Cooper SE (aka MINI Electric) will not be the king of range, that is for sure, as the battery is just 32.6 kWh (28.9 kWh available). The official European WLTP rating of 200-232 km (124-144 miles) gave us some guidelines of what… Continue reading MINI Expects Only 110 Miles Of EPA Range For Cooper SE