Fiat Chrysler and Peugeot are discussing a merger

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The companies Fiat Chrysler Automobiles (Fca) and Group PSA, owner of the Peugeot and Citroen brands, are in talks for a merger that could lead to the creation of a new large industrial group capable of placing between the third and fourth place in the global ranking of car manufacturers. The news had been anticipated Tuesday by Wall Street Journal and was then confirmed Wednesday morning in a statement released by Fiat Chrysler.

According to Wall Street Journal the CEO of Peugeot, Carlos Tavares, would become the CEO of the new company, while John Elkann would take on the role of president. Fiat Chrysler and Group PSA are discussing a merger at par. According to sources quoted by the American newspaper, the talks would still be "fluid" and other options could be considered: "There are no guarantees that a final agreement will be reached".

The proposed merger between the two groups is being discussed months after talks for a possible merger between Fiat Chrysler and Renault, which had failed due to opposition from the French government, an important shareholder of the company, and Nissan Motor Co, partner of Renault. However, Fiat Chrysler had already explored a possible alliance with Peugeot in the past.



Source link
https://www.ilpost.it/2019/10/30/fiat-peugeot-colloqui-fusione/

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