FCA, Groupe PSA to Merge Featured

By Staff Writer November 01, 2019

Groupe PSA and FCA are planning to “join forces to build a world leader for a new era in sustainable mobility.”

“Discussions have opened a path to the creation of a new group with global scale and resources owned 50 percent by Groupe PSA shareholders and 50 percent by FCA shareholders,” the companies said. “In a rapidly changing environment, with new challenges in connected, electrified, shared and autonomous mobility, the combined entity would leverage its strong global R&D footprint and ecosystem to foster innovation and meet these challenges with speed and capital efficiency.”

The combination would create the 4th largest global OEM with annual unit sales of 8.7 million vehicles.

 

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Last modified on Thursday, 07 November 2019 16:15

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