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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 ...
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 ...
Disappointment if You Own PSA Stock

Disappointment if You Own PSA Stock

Yesterday Groupe PSA announced that they will withhold their 2019 dividend payout. The moves comes after rumours last week that Fiat Chrysler Automobiles (FCA) would also be withholding dividend payments.A $1.19 billion ordinary dividend for both FCA and PSA was announced in December as part of the ...
Now that FCA will be joining PSA, we offer you Conservatorio.

Now that FCA will be joining PSA, we offer you Conservatorio.

With the merger between FCA (Fiat Chrysler Automobiles) and PSA soon to be finalized, last week FCA Heritage, the history part of FCA, provided updated information about their new Conservatorio (Italian translation of Conservatoire)" in Turin, Italy.The FCA Heritage brands are Alfa Romeo, Fiat, Lan ...
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 ...
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 ...
Dongfeng in China and PSA Extend Joint Venture to Smooth PSA & FCA Merger

Dongfeng in China and PSA Extend Joint Venture to Smooth PSA & FCA Merger

China's Dongfeng Motor Group said on Thursday it had agreed with Groupe PSA to extend the duration of their joint venture Dongfeng Peugeot Citroën Automobiles (DPCA), despite Dongfeng reducing its stake in PSA, to help smooth PSA's merger with Fiat Chrysler Automobiles.Dongfeng said that under the ...
Fiat Undervalued Chrysler by $5.6 billion, Italian Government Claims

Fiat Undervalued Chrysler by $5.6 billion, Italian Government Claims

Fiat Chrysler Automobiles said yesterday it strongly disagreed with Italian tax authorities' claim that it had underestimated the value of its U.S. business by 5.1 billion euros($5.6 billion USD) during its phased acquisition of Chrysler."We are confident we will successfully make the case for a ma ...

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