After long journey, Fiat Chrysler and PSA to seal merger to become Stellantis | Malay Mail

📆 1/16/2021 11:25 AM
📰 malaymail

⏱ Reading Time:
30 sec. here
2 min. at publisher
📊 Quality Score:
News: 15%
Publisher: 86%

United Kingdom News News

United Kingdom United Kingdom Latest News,United Kingdom United Kingdom Headlines

MILAN, Jan 16 — Fiat Chrysler and PSA will seal their long-awaited merger today to create Stellantis, the world’s fourth-largest auto group with deep enough pockets to fund the shift to electric driving and take on bigger rivals Toyota and Volkswagen. It took over a year for the...

Saturday, 16 Jan 2021 08:25 AM MYT

It took over a year for the Italian-American and French automakers to finalise the US$52 billion deal, during which the global economy was upended by the Covid-19 pandemic. They first announced plans to merge in October 2019, to create a group with annual sales of around 8.1 million vehicles. Tavares will hold his first press conference as Stellantis CEO on Tuesday, after ringing NYSE’s bell with Chairman John Elkann.

“He has proven to be the kind of person who prefers action to words, so I don’t think he will make loud statements or try to over-sell targets,” he said.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

Write Comment

United Kingdom United Kingdom Latest News, United Kingdom United Kingdom Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Stellantis is born as Peugeot, Fiat complete their mergerThe new company will be the world’s fourth-largest automaker with a workforce of over 400,000. FMTNews
Source: fmtoday - 🏆 5. / 72 Read more »

Merger of FCA and Groupe PSA completedTHE merger between Peugeot SA (“Groupe PSA”) and Fiat Chrysler Automobiles NV (“FCA”) that will lead the path to the creation of Stellantis NV (“Stell...
Source: theSundaily - 🏆 25. / 51 Read more »