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
Tag: M and A
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
Continental Launches Smart City Mobility and Transportation Hub for Safer and Smarter Cities
Deployed technology enables future smart cities to increase safety, decrease congestion, reduce pollution and enable autonomous driving Using decades of automotive systems expertise, Continental applies proven automotive technology to city infrastructure Continental’s Wrong-Way Driver detection system debuts in Michigan and will be showcased at CES 2020 AUBURN HILLS, Mich., December 18, 2019 – The technology company… Continue reading Continental Launches Smart City Mobility and Transportation Hub for Safer and Smarter Cities
@Daimler: F1: Partner Announcement
Mercedes-AMG Petronas Motorsport is delighted to announce today a new performance partnership with INEOS Sports sailing and cycling teams: Team INEOS, the seven-times winner of the Tour de France and INEOS TEAM UK, who are aiming to win sport’s oldest international trophy, the America’s Cup. “Tapping into the unrivalled expertise and success of the Mercedes… Continue reading @Daimler: F1: Partner Announcement
@BMW: The efficient drivetrain for the purely electric BMW iX3.
Munich. The BMW iX3, the production of which will commence in 2020, facilitates locally emission-free driving in a novel and efficient form, whilst also being suitable for everyday use. A range of more than 440 km* within the legislative WLTP test cycle will be achieved with a net-battery size of 74 kWh*. The first purely electric… Continue reading @BMW: The efficient drivetrain for the purely electric BMW iX3.
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
@Tata-JLR: JAGUAR LAND ROVER ACQUIRES ALL-TERRAIN PERFORMANCE SPECIALIST BOWLER
About Land Rover Since 1948 Land Rover has been manufacturing authentic 4x4s that represent true ‘breadth of capability’ across the model range. Defender, Discovery, Discovery Sport, Range Rover, Range Rover Sport, Range Rover Velar and Range Rover Evoque each define the world’s SUV sectors, with 80 per cent of this model range exported to over… Continue reading @Tata-JLR: JAGUAR LAND ROVER ACQUIRES ALL-TERRAIN PERFORMANCE SPECIALIST BOWLER
Marshall confirms Jardine Volkswagen Group dealership acquisitions
Marshall Motor Holdings has completed the £22.3 million acquisition of eight Volkswagen Group franchised car dealerships from Jardine Motors. As exclusively reported by AM last week, the AM100 retail group has completed a deal to acquire six Volkswagen passenger car franchises in Aylesbury, Harlow, Letchworth, Loughton, Milton Keynes and St Albans together with a Volkswagen… Continue reading Marshall confirms Jardine Volkswagen Group dealership acquisitions