Merger with FCA among the best solutions to cope with crisis, says Peugeot CEO

FCA Peugeot

PSA CEO Carlos Tavares is sure that a $50 billion merger of the owner of Peugeot vehicles with Fiat Chrysler Automobiles (FCA) will proceed as planned and deliver synergies of no less than 3.7 billion euros ($4.2 billion). The deal to form the world’s fourth-largest automaker has become even more important because of the impact […]

Fiat, PSA to face EU antitrust probe with relation to $50 billion merger

FCA Peugeot

Fiat Chrysler Automobiles (FCA) and Peugeot maker PSA a lengthy EU antitrust investigation after refusing to offer concessions to allay EU antitrust concerns about their $50 billion merger, people knowledgeable with the matter said on Wednesday. Fiat and PSA, which are seeking to form the world’s fourth-biggest automaker, were informed last week that their combined […]

Fiat Chrysler turns down General Motors lawsuit, sees Peugeot deal by year-end

Peugeot e-208 GT

Fiat Chrysler Automobiles NV on Thursday turned down a lawsuit from General Motors and stated it was sure about reaching a binding merger deal with Peugeot owner PSA Group by the end of 2019 to create the world’s fourth-largest automaker. General Motors submitted the lawsuit in the United States on Wednesday, accusing FCA of having […]