Fiat Chrysler and PSA-Peugeot Merging - Carfoni

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Fiat Chrysler and PSA-Peugeot Merging

Thursday, October 31, 2019

Fiat Chrysler, one of the largest automotive companies in the world, is working on a merger with PSA, which is on the agenda.

We have seen that automobile manufacturers have made partnerships to cut costs and reach customer groups more easily. Sometimes brands only work on specific models, and sometimes they go to full-scale partnerships. A big merger that can be given as an example to this situation is on the agenda these days. PSA, the owner of Fiat Chrysler and the Peugeot brand, is set to sit at the table to uncover an automotive giant worth $ 50 billion. Although the details of the talks are expected to be announced next week, the world's fourth largest car brand is preparing to be formed with a 50/50 percent share swap.

Fiat Chrysler had previously held merger talks with Renault. However, as a result of political factors, the water fell. Although the officials of the brand should not say “never hakkında about bilateral relations, Renault seems to have been disabled due to the new partnership.

If the talks are positive, this merger is expected to form a $ 50 billion transatlantic world giant. Brands that combine product ranges will produce common parts and models. Thus, when the merger between FCA is completed, it is aimed to save $ 4.1 billion annually without closing down any factories.

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