The auto companies will Peugeot (PSA), and Fiat Chrysler (FCA) are negotiating a possible merger. As the Wall Street Journal reported the talks at an early stage and can crush quite yet. Due to a merger a company with a total market value of more than 40 billion euros and legs in Europe and the United States would.
According to the report in the newspaper, both sides are thinking of a merger and not a Takeover, although Peugeot about a quarter is worth more than the Italian-American competitor. The conversation was in addition, the merger via a share swap process. Thus, little or no money would flow to the shareholders. Chairman of the Board of the joint undertaking could be Peugeot boss Carlos Tavares, the direction of the Board of Directors would then go to John Elkann, the head of the Ferrari owner Agnelli family so far, in the same function in the FCA action.
All automakers are currently facing big challenges
The Considerations show how much the auto industry’s wishes in the face of technical innovations, environmental challenges and changing customer is in motion. The should come together reached the conclusion, this could increase the pressure on other big manufacturers such as Volkswagen, Daimler and BMW , after the cooperation partners and look around.
The Same is true for US corporations, General Motors (GM) and Ford, with Chrysler brands and models in the competition. All the car manufacturers currently have to fight in order to that you need to put a lot of money in new propulsion techniques, but at the same time gasoline – and diesel-powered vehicles are still by far the largest sources of revenue. For uncertainty, the decline in customer concerns demand and the US President Donald Trump’s proposed arms trade war.
The Peugeot boss has announced a return to the North American market.
Fiat Chrysler had tried months ago to merge with Peugeot-rivals Renault. The Plan failed but the opposition of the French government and Renault partner Nissan. The now-planned successful merger with PSA would with annual sales of least 8.7 million passenger Cars, the fourth largest car maker in the world. The group would be second only to Volkswagen, the Alliance of Renault, Nissan and Mitsubishi as well as Toyota, but just ahead of GM.
the FCA and Peugeot could complement each other insofar as, in particular Chrysler on the European market, the Opel-native PSA, however, not in the United States is represented. Peugeot chief Tavares has, however, announced a gradual return to the North American market, the company had swept in 1991.
the Import of The PSA-models, from France or China, however, should not begin until the middle of next decade, production in the United States even later. After all, Peugeot could be used in the United States, the FCA network with the Chrysler dealers are working together, selling the very popular brands of Ram, and Jeep.
Created: 30.10.2019, 11:41 PM