Tag: FCA

China’s Great Wall revs up for India as rivals hit the brakes

NEW DELHI (Reuters) – Chinese automakers Great Wall Motor (601633.SS) and Changan Automobile (000625.SZ) are accelerating plans to build cars in India after the initial success of rival SAIC Motor (600104.SS) in one of the world’s biggest markets, three sources said. FILE PHOTO: A picture shows the emblem of the Changan automobile maker at the… Continue reading China’s Great Wall revs up for India as rivals hit the brakes

@Ferrari: Ferrari Roma: La Nuova Dolce Vita takes shape

Further details revealed about the Prancing Horse’s new V8 2+ coupé Maranello, December 19, 2019 – Further details about the Ferrari Roma have been revealed during an innovative social media communication campaign. Exemplifying the concept of the Nuova Dolce Vita, the car has been the protagonist of a dedicated shoot in iconic locations around Italy’s… Continue reading @Ferrari: Ferrari Roma: La Nuova Dolce Vita takes shape

@FCA: Twice As Nice: 3.6-liter Pentastar V-6 With eTorque Repeats As Wards 10 Best Engines and Propulsion Systems Winner

December 19, 2019 , Auburn Hills, Mich. – For the second consecutive year, the fuel-saving 3.6-liter Pentastar V-6 with eTorque in the Ram 1500 pickup has been named to the list of Wards 10 Best Engines and Propulsion Systems. The Pentastar V-6 with eTorque electrification, rated at 305 horsepower and 260 lb.-ft. of torque and paired with… Continue reading @FCA: Twice As Nice: 3.6-liter Pentastar V-6 With eTorque Repeats As Wards 10 Best Engines and Propulsion Systems Winner

Dongfeng and PSA extend joint venture despite stake sale to smooth mega-merger

BEIJING/PARIS (Reuters) – China’s Dongfeng Motor Group (0489.HK) and Peugeot maker PSA (PEUP.PA) are extending their business cooperation, despite the Chinese company reducing its stake in PSA to help smooth the French carmaker’s merger with Fiat Chrysler Automobiles (FCA). FILE PHOTO: The logo of PSA Peugeot Citroen is seen at the company’s plant in Poissy,… Continue reading Dongfeng and PSA extend joint venture despite stake sale to smooth mega-merger

@Groupe PSA: Groupe PSA and FCA agree to merge

IMPORTANT NOTICE By reading the following release, you further agree to be bound by the following limitations and qualifications: This communication is for informational purposes only and is not intended to and does not constitute an offer or invitation to exchange or sell or solicitation of an offer to subscribe for or buy, or an… Continue reading @Groupe PSA: Groupe PSA and FCA agree to merge

French designs on dominance of Peugeot-Fiat rest on Tavares

PARIS/MILAN (Reuters) – Billed as a merger of equals, PSA’s $50 billion tie-up with Fiat Chrysler (FCA) gives the Peugeot owner one potentially big advantage, its own boss will be firmly behind the new wheel. FILE PHOTO: Carlos Tavares, Chief Executive Officer and Chairman of the Managing Board of PSA Group, attends a news conference… Continue reading French designs on dominance of Peugeot-Fiat rest on Tavares

Heavy construction sites await PSA-Fiat Chrysler

Posted Dec 18 2019 at 6:07 pm Economies of scale, sharing of technologies, geographic complementarity… By joining forces , PSA and Fiat Chrysler will undoubtedly be better equipped to face the tormented years ahead in the automotive industry. Carlos Tavares, PSA CEO called to lead the future together, will nevertheless very serious challenges . ·… Continue reading Heavy construction sites await PSA-Fiat Chrysler

PSA-Fiat Chrysler governance: a fragile balance at the head of the new champion

Posted Dec 18 2019 at 6:04 pm Like all mergers “between equals”, the great Franco-Italian wedding of the day will not be free from risks. How to ensure, first, that the former shareholders of the two groups, PSA and Fiat Chrysler, are not injured? How can we guarantee balanced governance that respects everyone’s interests? A… Continue reading PSA-Fiat Chrysler governance: a fragile balance at the head of the new champion

FCA-PSA deal “good”, govt will monitor impact – Italy’s FinMin

ROME, Dec 18 (Reuters) – Italy’s Finance Minister Roberto Gualtieri on Wednesday welcomed the binding merger agreement between Fiat Chrysler and Peugeot maker PSA saying it was “good” and said Rome would keep on eye on the deal’s effects on jobs and investments. “The government welcomes this alliance and will continue to closely monitor the… Continue reading FCA-PSA deal “good”, govt will monitor impact – Italy’s FinMin