Fiat Chrysler And France's PSA Group Seek Approval For Merger
Jan 4, 2021 ·
1m 1s
A merger between Fiat Chrysler and France's PSA Group faces its final hurdle as the two companies seek shareholder approval on Monday. The deal will create the world's fourth-biggest carmaker...
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A merger between Fiat Chrysler and France's PSA Group faces its final hurdle as the two companies seek shareholder approval on Monday.
The deal will create the world's fourth-biggest carmaker and comes two years after talks began.
The combined company will bring together well-known brands such as Peugeot, Citroen, and Vauxhall from PSA with Fiat, Jeep, Chrysler, and Ferrari. The new company following the $52bn deal will be called Stellaris.
Executives expect the merger to be finalized by the end of March. They say it will provide significant cost savings.
show less
The deal will create the world's fourth-biggest carmaker and comes two years after talks began.
The combined company will bring together well-known brands such as Peugeot, Citroen, and Vauxhall from PSA with Fiat, Jeep, Chrysler, and Ferrari. The new company following the $52bn deal will be called Stellaris.
Executives expect the merger to be finalized by the end of March. They say it will provide significant cost savings.
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