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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 ...
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 ...
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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