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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 ...
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 ...
Covid-19 Pandemic Casts Doubt Over Fiat Chrysler’s pending merger with PSA Group

Covid-19 Pandemic Casts Doubt Over Fiat Chrysler’s pending merger with PSA Group

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 ...
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 ...
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 ...
Fiat Chrysler, PSA to create fourth-biggest carmaker

Fiat Chrysler, PSA to create fourth-biggest carmaker

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 ...

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