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Fiat Chrysler And Peugeot Citroen Start Merger Talks Again

Fiat Chrysler And Peugeot Citroen Start Merger Talks Again
Fiat Chrysler And Peugeot Citroen Start Merger Talks Again
Video: Fiat Chrysler And Peugeot Citroen Start Merger Talks Again
Video: Fiat Chrysler and Peugeot owner announce $48 billion merger 2023, February
Anonim

Concern FC (Fiat Chrysler) and PSGroup (Peugeot Citroen) have announced the start of new merger negotiations. In the spring, they failed to reach an agreement due to fears of the FCA management that this would lead to an increase in dependence on sales in the European market.

  • According to The Wall Street Journal, the option of a full merger on an equal footing is being discussed. In this case, PS President Carlos Tavares will take the position of head of the new corporation, and FC Chairman John Elkann will receive a post similar to the current position.
  • As with the first time, new negotiations could break down at any moment. But in the case of unification, the new alliance can take the fourth place in the world in terms of production (about nine million cars per year), second only to Volkswagen, Toyot and Renault-Nissan-Mitsubishi.
  • Now FCA, which includes the brands of Fiat, Chrysler, AlfRomeo, Maserati, Lancia, Jeep, Ram and Dodge, and PSGroup, which consists of Peugeot, Citroen, DS, Opel and Vauxhall, collaborate in the commercial vehicle industry. They manufacture vans and vans under the names Fiat Ducato, Citroen Jumper, Peugeot Boxer and Ram ProMaster.

Earlier, FC management tried to merge with Renault, but in the summer they withdrew their offer due to disagreements with the French government, which owns 15 percent of Renault shares. After that, the company decided to continue the development of the Renault-Nissan-Mitsubishi alliance.

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