Why Fiat Chrysler Is Merging With French Carmaker Peugeot

Rival carmakers PSA Group and Fiat Chrysler Automobiles unveiled a plan to combine, pooling resources to confront an expensive new era of trade tariffs, emissions rules and electrification. Shareholders of each company will own 50% of the combined entity, to be listed in Paris, Milan and New York. Investors in Fiat will receive a dividend of 5.5 billion euros ($6.1 billion) and its robotics arm Comau, while France’s PSA plans to distribute its 46% stake in auto-parts maker Faurecia SE.

BING NEWS:
  • Fiat-Chrysler partnership with Renault / Nissan more than just rumours
    In recent months, vehicle sales have slowed, and Fiat Chrysler’s net profit fell 47 percent in the first quarter to 508 million euros. Renault’s new chairman, Jean-Dominique Senard, this month ...
    12/5/2019 - 11:00 am | View Link
  • Today's Pickup: Fiat Chrysler And Peugeot's PSA Merge; Now World's Fourth-Largest Carmaker
    Italian auto manufacturer Fiat Chrysler Automobiles (NYSE: FCAU) and Groupe PSA, the French carmaker that owns Peugeot ... Fiat Chrysler comes after a lengthy exchange of negotiations on merging with ...
    10/31/2019 - 11:04 am | View Link
  • Why Fiat Chrysler Is Merging With French Carmaker Peugeot
    However, the Italian-American carmaker instead pursued a deal with Renault. Those talks fell apart in June when Elkann, who also heads Fiat Chrysler’s largest shareholder, Exor NV, walked away amid ...
    10/31/2019 - 1:31 am | View Link
  • Fiat Chrysler profits up on record North America results
    (AP Photo/Carlos Osorio, FILE) MILAN (AP) — Fiat Chrysler Automobiles CEO Mike Manley said Wednesday that the logic of merging with French carmaker Renault remains sound but refused to discuss terms ...
    07/31/2019 - 1:10 am | View Link
  • Fiat Chrysler profits up on record North America results
    MILAN (AP) — Fiat Chrysler Automobiles CEO Mike Manley said Wednesday that the logic of merging with French carmaker Renault remains sound but refused to discuss terms under which talks might resume ...
    07/31/2019 - 1:06 am | View Link
  • More

 

Welcome to Wopular!

Welcome to Wopular

Wopular is an online newspaper rack, giving you a summary view of the top headlines from the top news sites.

Senh Duong (Founder)
Wopular, MWB, RottenTomatoes

Subscribe to Wopular's RSS Fan Wopular on Facebook Follow Wopular on Twitter Follow Wopular on Google Plus

MoviesWithButter : Our Sister Site

More Business News