Stellantis becomes world's 4th biggest car maker in $52bn mega-merger

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Auto industry mega-merger to produce 8 million vehicles a year

A new mega deal to merge FCA and Groupe PSA has been completed today, finalising a deal that creates the world’s fourth largest manufacturer by production volume.

 

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This illustrates the unrelenting financial pressure to increase economy of scale, which unavoidably will translate into further huge job losses!

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