FCA/PSA merger will ‘advance sustainable mobility’

Italian automaker Fiat Chrysler Automobiles (FCA) is merging with Peugeot owner Groupe PSA in a move that will combine their capabilities in sustainable mobility. FCA is to incorporate its technologies with the French manufacturer in areas such as electrified powertrain, autonomous driving and digital connectivity. FCA says the merger will generate revenues of €170 billion, an operating profit of more than €11bn and savings of €3.7bn without any factory closures. The deal would also unite the co
November 7, 2019 Read time: 1 min
Italian automaker Fiat Chrysler Automobiles (FCA) is merging with Peugeot owner Groupe PSA in a move that will combine their capabilities in sustainable mobility.


FCA is to incorporate its technologies with the French manufacturer in areas such as electrified powertrain, autonomous driving and digital connectivity.

FCA says the merger will generate revenues of €170 billion, an operating profit of more than €11bn and savings of €3.7bn without any factory closures.

The deal would also unite the companies’ brands across luxury, premium, mainstream passenger cars, SUVs and trucks.

PSA’s chief executive Carlos Tavares will become CEO of the new company for an initial term of five years as well as a member of the board, which will be chaired by FCA’s chair John Elkann.

Related Content

February 27, 2018

Transatel to supply secure connection for FCA on board unit

Transatel will provide mobile network services for Fiat Chrysler Automobile’s (FCA’s) on-board telematics units, Mopar Connect, in the European Union region following a competitive tender. These units will offer apps and services including fleet management, remote control, predictive maintenance, crash assistance and stolen vehicle tracking. Through the agreement, Transatel will supply FCA with machine-to-machine connectivity with its Mobile Network Operator profile based on its SIM 901 technology. The
June 6, 2018

Fiat Chrysler delivers 62,000 vehicles to Waymo’s self-driving fleet

Fiat Chrysler Automobiles (FCA) will add 62,000 Chrysler Pacifica Hybrid minivans to US company Waymo’s self-driving fleet in late 2018. The deployment is part of an extended agreement to expand Waymo’s transportation service. John Krafcik, CEO of Waymo, says the company intends to give passengers access to a self-driving service that will make roads safer. Additionally, the partners are now discussing whether Waymo’s technology could be used to develop an FCA-manufactured vehicle for retail clients.
April 30, 2018

VW goes electric in China

Volkswagen will invest €15bn in electric and autonomous vehicles (AVs) in China by 2022, according to a report by Euractiv.com. Herbert Diess, the German carmaker’s chief executive, claimed at a press conference in Beijing that the money would make mobility cleaner, safer and more intelligent to help improve people's lives.
October 28, 2015

When caring about sharing is good business for US automakers

Although car-sharing and ride-sharing could drastically reduce car sales, David Crawford finds some US automakers are keen to participate in the sharing economy. Growing consumer interest in car- and ride-sharing, as opposed to outright ownership, and ride-sharer Uber’s recently stated intention to make its brand competitive with ownership on cost, are making the major US automotive manufacturers think seriously about their future sales prospects. Some have already begun exploring ways of entering the field
boombox1

Highlighted Content

boombox2