Fiat Chrysler Confirms Merger Talks Amongst Peugeot Citroen

After Nissan blocked a potential merger alongside Renault, Fiat Chrysler Automobiles or FCA seems to bring institute a potential novel partner: PSA. After reports on a potential trouble organization combination emerged, FCA has confirmed that talks are underway alongside the rear companionship of Peugeot, Citroen, together with Opel.

The merger, worth USD fifty billion could potentially transform the global automotive manufacture given that it volition shape the 4th largest auto manufacturing group. The merger could too aid leverage technical expertise from both groups to aid them alongside challenges such equally electrification. Moreover, the merger could aid relieve approximately 4 billion euros.

While FCA has notwithstanding to comment on the details of the proposed merger, Reuters cites sources that the merger volition entail a 50/50 part swap, creating a novel companionship formally based inward the Netherlands. In price of board structure, the combined companionship volition bring 11—six from Peugeot’s side, together with 5 from Fiat Chrysler’s.