) merger are “stronger than ever,” the FCA chairman said on Wednesday, as the COVID-19 pandemic adds to the car industry’s existing challenges.
FCA and PSA have agreed a tie-up to create the world’s fourth largest carmaker in a deal expected to close in the first quarter of next year. The possible payment of such a large dividend when the coronavirus crisis has left cash-starved manufacturers pushing for government support has been questioned within Italy’s ruling coalition.
Fidentiis analyst Marco Opipari said that if the government imposed conditions, the FCA could decide to change its strategy on liquidity requests.
Eventually all the auto companies will end up merging and we will end up with no choices in vehicles. There will be a basic square-shaped pickup truck and square-shaped crossover style sedan. Vehicles will be available in black or white only.
Everything Fiat touches goes to 💩
Both make shitty cars 🤷♂️🤣
They don't make real good cars. Buy a Toyota.
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Source: Variety - 🏆 108. / 63 Read more »