Giving an indication of just how dire Fiat Chrysler Automobile’s situation is, and that PSA is in control of merger discussions, John Elkann, Chairman of the Italian-American automaker announced in a letter to employees on March 31, that he and members of the company's board of directors were giv ...

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 ...

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 ...

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 ...

Fiat Chrysler and France's PSA announced today that they have agreed to merge to create the world's fourth-largest automaker with enough scale to confront big shifts in the industry, including a race to develop electric cars and driverless technologies.The result would create an auto group that has ...