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PSA and FCA Amend Merger Terms to Conserve Cash

PSA and FCA Amend Merger Terms to Conserve Cash

Groupe PSA and Fiat Chrysler Automobiles (FCA) have restructured the terms of their planned merger to conserve cash, and also stepped up the promised levels of cost cutting during the pandemic.The two companies, which are set to merge into Stellantis, the world's fourth-largest carmaker, said in a ...
Julian Marsh Writes to Linda Jackson

Julian Marsh Writes to Linda Jackson

by George Dyke.....On October 1, 2019 Vincent Cobée replaced Linda Jackson as CEO of Citroën.It was a low-key announcement, with Jackson assigned a new role in the company leading a study 'to clarify and support brand differentiation within the brand portfolio’ of Groupe PSA.(Now to be known as ...
Groupe PSA and FCA to be known as STELLANTIS

Groupe PSA and FCA to be known as STELLANTIS

It was announced today the name of the new group resulting from the merger of Groupe PSA and FCA (Fiat Chrysler Automobiles) will be known as STELLANTIS.This further buries the Citroën brand in the quagmire of companies that have been assimilated under PSA or, like the DS brand, created to target ...
In Memoriam — Jacques Calvet — September 19, 1931 – April 9, 2020

In Memoriam — Jacques Calvet — September 19, 1931 – April 9, 2020

Jacques Calvet, former CEO of Peugeot Citroën from 1984 to 1997, and a major figure in both the business and political communities died yesterday at 88 years of age.     A graduate of the Paris Institute of Political Studies and the National School of Administration, Jacques started ...
PSA Seeks to “Pick-up the Tempo” on FCA Merger

PSA Seeks to “Pick-up the Tempo” on FCA Merger

The teams working on the merger of Groupe PSA and Fiat Chrysler Automobiles (FCA) are “picking up the tempo” to finalize the merger, PSA CEO Carlos Tavares stated yesterday.The merger was announced at the end of October and originally scheduled to be finalized in early 2021 at the latest, in or ...
Carlos Tavares Drives in Rallye Monte-Carlo Historique 2020

Carlos Tavares Drives in Rallye Monte-Carlo Historique 2020

Carlos Tavares managed to take a week off from his role as CEO of Groupe PSA and participate in the 23rd Rallye Monte-Carlo Historique, held from January 29th to the 5th of February 2020.Carlos has been an amateur race car driver since the age of twenty-two and had a career as a rally driver until ...
Profits Surge at PSA Ahead of Fiat Chrysler Merger

Profits Surge at PSA Ahead of Fiat Chrysler Merger

Groupe PSA's net profit increased 13.2% to a record 3.2 billion euros, and the company increased its dividend against 2019 results to 1.23 euros per share, up 58% from 2018 levels.PSA offset a slump in vehicle sales by selling pricier SUV models, with launches including the Citroën C5 Aircross hel ...
Jackson out, Cobée in as Citroën CEO

Jackson out, Cobée in as Citroën CEO

Carlos Tavares, Groupe PSA/FCA CEO announced today that effective immediately Vincent Cobée, current Deputy Citroën CEO, will succeed Linda Jackson as Citroën CEO and Member of the Global Executive Committee.The move comes citing that Vincent Cobée has a wide experience in international markets ...
A Look at How the FCA and PSA Merger Came to Be

A Look at How the FCA and PSA Merger Came to Be

The Fiat Chrysler Automobiles (FCA) and Groupe PSA merger in the latter part of 2019 came about as a means to give both FCA and PSA better chances of survival.As we enter into 2020 and what will be a formulative couple of years, as the new FCA/PSA entity tries to prove the deal beneficial to both co ...
With FCA and PSA merged, what will Citroën’s future be?

With FCA and PSA merged, what will Citroën’s future be?

The joining of Fiat Chrysler Automobiles and Groupe PSA at the end of 2019 created the world's fourth-largest automobile manufacturer by volume and third-largest by revenue with annual sales of 8.7 million units and combined revenues of nearly $190 billion euros to produce a projected recurring ope ...
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