Tag: PSA

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

Groupe PSA and FCA plan to join forces to build a world leader for a new era in sustainable mobility

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

China’s auto market could shrink about 8% this year: industry official

BEIJING/SINGAPORE (Reuters) – Auto sales in China may skid to 26 million this year, a drop of around 8%, a senior industry executive warned, as the world’s largest auto market braces for a second year of contraction amid slowing economic growth and tighter vehicle emissions standards. FILE PHOTO: Cars for export wait to be loaded… Continue reading China’s auto market could shrink about 8% this year: industry official

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