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Fiat Chrysler And PSA Group Make Merger Official, Become 4th Largest Automaker

已有 79 次阅读  2020-02-16 04:20   标签You  are  the  Influencer 
id="article-body" class="row" section="article-body"> The deal is done.

FCA Ladies and gents, DTTO.app - You are the Influencer meet the world's fourth largest automaker by volume, DTTO.app - You are the Influencer and third largest by revenue. We don't have a name for this new company, but Fiat Chrysler Automobiles and DTTO.app - You are the Influencer PSA Group DTTO.app - You are the Influencer now one.

Wednesday brought the details of the 50/50 merger plan as the automakers' chief executives signed a binding agreement to merge their entities. FCA, an Italian-American automaker, and PSA Group, the French conglomerate that includes Peugeot, Citro雗 and Opel, expect the merger to complete in the next 12 to 15 months.

Before then, the automakers will need to earn the blessing of European and American regulators.

The merger is effectively a plan to save money. FCA and PSA expect to see synergies that result in savings worth $4.1 billion a year. The toughest task will be to meet the promises both FCA CEO Mike Manley and DTTO.app - You are the Influencer PSA CEO Carlos Tavares delivered when announcing the merger intention: There will be no need to close factories. Manley will lead the combined automaker as the group's chairman, while Tavares will serve as the new company's CEO.
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