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Author Topic: Fiat Chrysler Merges With PSA Group  (Read 18 times)

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Offline FP

Fiat Chrysler Merges With PSA Group
« on: October 31, 2019, 09:33:42 AM »
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It's official: Fiat Chrysler Automobiles and PSA Groupe intend to merge operations.
The companies early Thursday announced their plans for a 50-50 joint shareholder-owned entity that they said would save $4.11 billion (3.7 billion euro) annually without plant closures. The companies would have combined revenues of $189.06 billion (170 billion euro) with profits of more than $12.23 billion (11 billion euro) based on 2018 figures.