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
Tag: FCA
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
Groupe PSA: Clarification of Groupe PSA
Wed, 30/10/2019 – 07:45 Following recent reports on a possible business combination between Groupe PSA and FCA Group, Groupe PSA confirms there are ongoing discussions aiming at creating one of the world‘s leading automotive Groups. PARTAGER: ‘); }); function addIframe(){ setTimeout(function(){ var iframe = $(“#cboxLoadedContent iframe”); $(‘iframe’).remove(); iframe.attr(“allowFullScreen”,””); $(“#cboxLoadedContent”).append(iframe); //alert(‘OK’); },1000); } $(document).on(‘click’,’.close’, function(event) {… Continue reading Groupe PSA: Clarification of Groupe PSA
FCA selects the Cellular Connectivity Solution of Transatel (NTT Group) in Europe for its global connected vehicle “Ecosystem”
FCA Italy announced that it has chosen Transatel’s architecture to provide universal 4G connectivity and a comprehensive connectivity management platform in all 28 countries of the EU and EFTA. The solution will also support 5G as soon as the technology becomes available on the automotive market. Global connectivity will be native to the vehicles, as… Continue reading FCA selects the Cellular Connectivity Solution of Transatel (NTT Group) in Europe for its global connected vehicle “Ecosystem”
Decision by GM, FCA to side with Trump in mpg fight draws fire
Washington — Democrats in the U.S. House of Representatives railed against General Motors Co. and Fiat Chrysler Automobiles NV on Tuesday for siding with the Trump administration in a legal fight with California over gas mileage rules for the nation’s auto industry. And in testimony before a House panel Tuesday, former California Gov. Jerry Brown singled out GM,… Continue reading Decision by GM, FCA to side with Trump in mpg fight draws fire
Fiat Chrysler, Peugeot owner PSA in talks to combine – WSJ
FILE PHOTO: A Fiat Chrysler Automobiles (FCA) sign is seen at the U.S. headquarters in Auburn Hills, Michigan, U.S., May 25, 2018. REUTERS/Rebecca Cook (Reuters) – Fiat Chrysler FCAU.n and Peugeot owner PSA are in talks to combine in a deal that could create a $50 billion auto giant, the Wall Street Journal reported on… Continue reading Fiat Chrysler, Peugeot owner PSA in talks to combine – WSJ
Press Releases – Sales of zero- and low-emission cars highly unbalanced across EU, alerts auto industry
Brussels, 29 October 2019 – Sales of alternatively-powered vehicles are following a highly uneven pattern across EU member states, according to new findings from the European Automobile Manufacturers’ Association (ACEA). Indeed, the consumer uptake of battery electric, plug-in hybrid and hybrid electric passenger cars, as well as those fuelled by natural gas or hydrogen, differs… Continue reading Press Releases – Sales of zero- and low-emission cars highly unbalanced across EU, alerts auto industry
GM, Toyota, Fiat Chrysler back Trump on California emissions challenge
WASHINGTON (Reuters) – General Motors Co (GM.N), Toyota Motor Corp (7203.T), Hyundai Motor Co (005380.KS), Fiat Chrysler Automobiles NV (FCHA.MI) and other major automakers are siding with the Trump administration in its bid to bar California from setting its own fuel efficiency rules or zero-emission vehicles requirements. FILE PHOTO: Morning commuters travel in rush hour… Continue reading GM, Toyota, Fiat Chrysler back Trump on California emissions challenge