PSA board signs off on Fiat Chrysler merger: source

Reuters ^ | December 16, 2019 / 5:06 PM / Updated 13 minutes ago | Staff

[Red Badger]

MILAN/PARIS (Reuters) - The board of French carmaker PSA (PEUP.PA), the owner of Peugeot, approved a binding agreement for a $50 billion merger with rival Fiat Chrysler (FCHA.MI), a source close to the matter said on Tuesday.

A separate Fiat Chrysler (FCA) board meeting was under way to discuss finalizing the memorandum of understanding to create the world’s number four carmaker, the source added, in a deal that would reshape the global car industry.

Both companies declined to comment.

[mewzilla]

Fix It Again Charlie...?

[Red Badger]

Vauxhall Motors, Peugeot, Citroën, DS, and Opel.................

[Carriage Hill]

Fiat was bad enough, not Peugot now!
At least they have screwed-up the Jeep line, yet.

[mewzilla]

My, bad. Fix It Again Pierre.

[kaktuskid]

Both countries producers of the free world’s crappiest cars

[Cronos]

Ferrari? Lamborghini? Maserati? Bugatti?

The French cars are crap though

[dfwgator]

Two crappy car companies combine to make one big crappy car company.

[taildragger]

They must bring some EV drivetrain stuff to the table. FCA has ugats going forward for drivelines, maybe this is why they are now saying EV Jeep etc by 2022. Ya Mopar Hemi’s and 8 or 9 second 1/4 miles with lift the front wheels off the ground are cool, but those platforms are old and it is only going to take them so far, infact some have predicted their demise (not investment advice).

[taildragger]

BTW...

Ford to spend 1.45 billion on plant redue etc & 2700+ Jobs to build SUV's, EV's, & the Bronco (@ Wayne Assy for the Bronc, maybe some of the others) In Michigan...

Funny how happens before 2020.....

[Gay State Conservative]

Mercedes couldn't straighten Chrysler out...and the Italians couldn't do it...and yet now the French are gonna do it?

[Responsibility2nd]

At least they have screwed-up the Jeep line, yet.

Haven't they?

Most Jeeps are Fiats. Only the Wrangler is a true Jeep.

For now.

[Responsibility2nd]

Two crappy car companies combine to make one big crappy car company

Remember when Chrysler was in bed with Mitsubishi? I do.

The worst American car company with the worst Japanese car company.

Now Chrysler is in bed with Europe's worst.

[Secret Agent Man]

Crap, junk and sh1t merge together...

[Carriage Hill]

My 2019 Grand Cherokee HEMI V8 is still Chrysler, but much improved over my old 2002 GC Laredo. Fiat's 'influence' is seen in the ugly Renegade.

[wally_bert]

I have Willys and American Motors.

[chrisser]

Fiat's 'influence' is seen in the ugly Renegade

Likely designed by millenials with such little knowledge of the past that they don't see how little x's in the tail lights remind many of how dead people were portrayed in cartoon drawings back in "olden times".

I guess it's "retro" styling in a perverse sorta way.

Every time I see one, I think "that Jeep is dead".

[Yo-Yo]

Peugeot will be yet another victim of the "Jeep" curse of parent companies to die while owing the brand.

Willys, Kaiser, AMC, Chrysler, DiamlerChrysler, Chrysler LLC, FCA, and now Peugeot.

[Wuli]

U.S. regulators shoud not approve.

PSA is part owned by the government of France.

That will make Fiat-Chrysler in part a French government owned entity.

A government owned car maker, in part or in whole, should not be in the U.S. domestic car market.

The U.S. response should be that in order to have U.S. approval the French government must sell its share of PSA.

[Red Badger]

Airbus.........................