Shares of Fiat Chrysler were down more than 1% after the call, while PSA's stock was up about 1.5% on the European stock exchange in Paris.
During the call, Tavares and Fiat Chrysler CEO Mike Manley stressed that the merger is occurring at the right time, as both companies report strong profits despite"With this merger, we're actually going to execute what has only been theorized many times before, which is smart industry consolidation," Manley said.
"We will have the size to provide cutting-edge technology," Tavares said, and later adding that the new company will "challenge the status quo in terms of what is now ongoing in the worldwide automotive industry."Daniel Roland | AFP | Getty Images Shares of the merged company, which will be based in the Netherlands, will be listed on the Euronext Paris, Borsa Italiana and New York Stock Exchange, according to the companies.at roughly 14%. Exor is the family investment company of Fiat Chrysler chairman John Elkann, whose great-great-grandfather founded Italian automaker Fiat.
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Fiat Chrysler Agrees Binding Merger With Peugeot Maker to Create $50 Billion Auto GiantPeugeot maker PSA and rival Fiat Chrysler Automobiles have agreed a binding merger terms that include sweeteners to make the trans-Atlantic tie-up more attractive to U.S. regulators and PSA shareholders. I like Peugeot Bicycles I had one in Paris ... pretty durable
مصدر: WSJ - 🏆 98. / 63 اقرأ أكثر »
Fiat Chrysler, Peugeot owner agree binding $50 billion merger dealFiat Chrysler and Peugeot maker PSA have reached a binding agreement over their roughly $50 billion merger that will reshape the global car industry. More here: Fiat will destroy PSA, mark my words. So PSA cars will have Fiat quality or Fiat Cars will have PSA quality? Not again... last mergers passed & we still on fossil fuel. More lay offs fatter pay check for CEOs.
مصدر: Reuters - 🏆 2. / 97 اقرأ أكثر »
Fiat Chrysler, Peugeot maker ink $50 billion mergerThe boards of Fiat Chrysler Automobiles and Groupe PSA have signed a binding merger agreement to create the fourth-largest automaker in the world, the companies announced Wednesday. Impeachment 3 year Democrat campaign commercial that American have to pay the bill for, 3 year campaign add I bet Ford and Chevy are quaking in their boots.
مصدر: NBCNews - 🏆 10. / 86 اقرأ أكثر »
Fiat Chrysler and Peugeot sign deal for 50-50 mergerMILAN (AP) — Fiat Chrysler Automobiles and PSA Peugeot announced Wednesday that their boards signed a binding deal to merge the two automakers, creating the world’s fourth-largest auto... Hopefully they go down in flames Mechanics across the globe rejoice.
مصدر: AP - 🏆 728. / 51 اقرأ أكثر »
Fiat Chrysler, Peugeot owner PSA agree binding merger dealFiat Chrysler and Peugeot maker PSA said on Wednesday they had agreed on a bindi... Money Moves ... Don't Quote Me. That's the end of Chrysler.
مصدر: Reuters - 🏆 2. / 97 اقرأ أكثر »