The shareholders of France’s PSA and US-Italian rival Fiat Chrysler are expected to approve their merger on Monday, creating the world’s fourth-biggest automaker by volume, Stellantis.
“This merger is a matter of survival for both Fiat and PSA,” Giuliano Noci, professor of strategy at Milan Business School said, citing the “enormous technological and strategic challenges” faced by both as well as the damage wrought by the pandemic. The new company will group producers such as Peugeot, Citroen, Fiat, Chrysler, Jeep, Alfa Romeo and Maserati, each of which will continue under their own brand names.– Weathering Covid –
To assuage those concerns, the commission said PSA would continue an agreement with Toyota to manufacture vans to be sold under the Japanese brand in Europe.
IdiJoshua May this merger truly be a marriage of convenience and give birth to a child with one eye for peogeot users
Just FreeSoworeNow
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