on Wednesday that the two auto giants will merge, creating the fourth-largest automaker in the world.
The two auto giants in October confirmed talks to combine — today's announcement includes the fine print, detailing the make-up of the combined entity. Fiat Chrysler had previously looked to merge with GM in 2015, which ultimately failed. Completion of the proposed combination is expected in 12 to 15 months. John Elkann will become group chairman, while Carlos Tavares will be group CEO. Fiat Chrysler CEO Sergio Marchionne died last year.
The merger means that the new company will overtake Ford in terms of value, as well as give Peugeot presence in North America.
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This is bs. Now I have to learn their vehicle systems too now? FML. Fiats suck to work on. Well at least our stuff will be faster in reverse now.
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