Fiat Chrysler And France's PSA Group Seek Approval For Merger

Jan 4, 2021 · 1m 1s
Fiat Chrysler And France's PSA Group Seek Approval For Merger
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A merger between Fiat Chrysler and France's PSA Group faces its final hurdle as the two companies seek shareholder approval on Monday. The deal will create the world's fourth-biggest carmaker...

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A merger between Fiat Chrysler and France's PSA Group faces its final hurdle as the two companies seek shareholder approval on Monday.
The deal will create the world's fourth-biggest carmaker and comes two years after talks began.
The combined company will bring together well-known brands such as Peugeot, Citroen, and Vauxhall from PSA with Fiat, Jeep, Chrysler, and Ferrari. The new company following the $52bn deal will be called Stellaris.
Executives expect the merger to be finalized by the end of March. They say it will provide significant cost savings.
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Author Africa Business Radio
Organization Africa Business Radio
Website -
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