THE proposed merger between PSA (with its Peugeot, Citroen, DS, Vauxhall and Opel brands) and FCA (Fiat, Alfa Romeo, Maserati, Jeep, Chrysler, Dodge and Ram) could be tied up by the end of the year, according to reports.
As we closed for press, both groups had told employees that a binding agreement would be signed within the coming weeks. The combined organisation is expected to be led by PSA CEO Carlos Tavares, with the global head count at both companies around 200,000 employees each, despite FCA having more brands.
While a merger would create the world’s fourth-largest car maker, with global sales in excess of 8.5 million units, synergies in low-CO2 technologies and powertrains are expected to benefit both groups, especially FCA, while greater access to the Italian and US markets…
