Long road ahead as Fiat Chrysler, Peugeot agree to $50 billion merger

) announced a preliminary deal six weeks ago for an all-share merger that would create a company worth about $50 billion and unite brands such as Fiat, Jeep, Dodge, Ram and Maserati with the likes of Peugeot, Opel and DS.

In the short term, the combined group will use profits from selling Ram pickup trucks and Jeep SUVs to U.S. drivers to fund the development of cleaner vehicles to sell in Europe and China. FILE PHOTO: The logos of car manufacturers Fiat and Peugeot are seen in front of dealerships of the companies in Saint-Nazaire, France, November 8, 2019. REUTERS/Stephane MahePSA and FCA expect the deal to close in the next 12 to 15 months and said they would come up with a name over the coming months. In the meantime, they will have to win over regulators in the United States and Europe.

In a move that could help smooth U.S. approval, China’s Dongfeng Motor Group will trim its 12.2% stake in PSA by selling 30.7 million shares to the French firm. The merger brings together the Peugeot family, which built its first vehicle around 130 years ago and still holds a stake in PSA, and Fiat’s Agnelli clan, whose scion John Elkann will chair the combined group.

WalshonMergers Now Chrysler has become a part of a socialist company. The government of France owns 14% of Peugeot.

Still wouldn't buy a vehicle from them.

12:40 AM · 19 дек. 2019 г ПУТИН ПОТЕЕТ

The synergies are coming from.... somewhere.

United States United States Latest News, United States United States Headlines

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

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.
Source: Reuters - 🏆 2. / 97 Read more »

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.
Source: Reuters - 🏆 2. / 97 Read more »

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
Source: WSJ - 🏆 98. / 63 Read more »

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.
Source: AP - 🏆 728. / 51 Read more »