Groupe PSA and FCA (FCAU) Agree to Merge

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Groupe PSA and FCA Agree to Merge

December 18, 2019 2:55 AM EST

New entity will have the leadership, resources and scale to be at the forefront of a new era of sustainable mobility

Combines companies extensive and growing capabilities to address the challenge of shaping the new era of sustainable mobility Combined company will be the 4th largest global OEM by volume and 3rd largest by revenue with annual sales of 8.7 million units and combined revenues of nearly 170 billion1 Creates a diversified business with among the highest margins in its core markets of Europe,... More