AUBURN HILLS, Mich., Nov. 1, 2019 /PRNewswire/ — Facility will have lowest emissions rate of any auto assembly plant in the United States Company to voluntarily conduct additional air monitoring and public reporting Environmental responsibility initiatives extend beyond FCA and into the neighborhood The future home of two electrified Jeep® vehicles will also be home to… Continue reading New FCA Manufacturing Site in Detroit Represents Company’s Commitment to Sustainable Operations
Tag: FCA
Peugeot’s turnaround driver, Tavares, faces his biggest challenge
Tavares has stoked competition among Peugeot and former Opel factories to push workers to cut costs. PARIS – Carlos Tavares, a former Renault star credited with reviving the company’s French rival Peugeot SA , has long shone as a restructurer-in-chief, staring down unions and slicing down bureaucracies. Now the 61-year-old Portuguese car fanatic and weekend… Continue reading Peugeot’s turnaround driver, Tavares, faces his biggest challenge
Peugeot’s boss, Carlos Tavares, plans a merger with Fiat Chrysler – The Economist
IN 2013 TWO Carloses sat atop the Renault-Nissan alliance. One was Carlos Ghosn, the Brazilian-born architect of the Franco-Japanese carmaking colossus. His protégé was Carlos Tavares, the Portuguese chief operating officer of Renault, who made sure that good cars rolled off the production line. But Mr Tavares, an engineer and racing driver, was not content… Continue reading Peugeot’s boss, Carlos Tavares, plans a merger with Fiat Chrysler – The Economist
Investors Know Who the Buyer Is in Fiat-Peugeot Merger of Equals
Fiat Chrysler Automobiles NV and PSA Group went out of their way to make their combination as equal as possible, shedding assets, paying special dividends and distributing board seats. It didn’t take long for investors to figure out who the buyer is.
UPDATE 1-European labour unions fret about jobs in Fiat Chrysler-PSA deal
(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
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