Fiat Chrysler’s decision to scrap its dividend has set another setback for plans by the Agnelli family’s Exor arm to raise cash following a $9 billion sale of its reinsurer unit PartnerRe collapsed this week. Fiat Chrysler and Peugeot owner PSA which have agreed a tie-up to form the world’s fourth largest automaker, stated on […]
Fiat and PSA merger
Peugeot CEO Tavares says Fiat needs to review China strategy
Peugeot CEO Carlos Tavares stated on Friday PSA and Fiat Chrysler (FCA) will have to evaluate their strategy in China in order to increase sales after the closing of the merger between the two groups. PSA and FCA are hoping to finalize a $50 billion merger in early 2021 that would establish the fourth-biggest automaker […]
Fiat Chrysler and Peugeot agree to $50 billion merger
Fiat Chrysler and Peugeot maker PSA deal with the challenge of winning over regulators and delivering on a commitment to cut costs without shutting down factories after sealing a binding deal to form the world’s fourth biggest automaker. Both tasks are likely to prove difficult, as two of the industry’s oldest dynasties attempt to combine […]
GAC respects merger plan between Fiat and PSA
Fiat Chrysler’s Chinese partner Guangzhou Automobile Group (GAC) stated it respected the firm’s decision to merge with Peugeot parent company PSA and would look to deepen its collaboration with the automaker. A spokeswoman made the comments to Reuters through text message on Thursday, following FCA and PSA statement that they would join forces through a […]
