• Fca, more than 1.5 billion investments for new Maserati models are coming
  • Spread below 200, the Renault dossier inflates the FCA title
  • The spread drops to 200. FCA leap, new rumors of merger with Renault
  • Antitrust: transfer of Fca registered office in London has damaged Italy
  • Fca withdraws the offer, leaps fusion with Renault. Letter from Elkann: "Unreasonable to go further"

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October 29, 2019 Fiat Chrysler Automobile is arguing for a possible merger with Psa-Peugeot. Reporting the indiscretion is the Wall Street Journal. According to the American newspaper, it would create an automotive giant worth 50 billion dollars. The discussion is still ongoing and the option is not just the merger.

Fiat Chrysler and the French group Psa, which owns the Peugeot and Citroen brands, are having "talks" for a "potential aggregation". The Wall Street Journal says this, citing people close to the dossier. The eventual agreement between the two companies "could create a colossus of the transoceanic car". One of the possibilities being discussed, the New York newspaper explains, is a fusion of equals.

The CEO of Psa, Carlos Tavares, would take the lead of the new post-aggregation group while the presidency would go to John Elkann, current president of Fca. According to the WSJ, discussions are still ongoing and companies may also consider other options and conditions. FCA ends up sprinting to Wall Street with negotiations rumors with Psa for a merger. FCA stocks rose 7.48%.

Fiom: protecting employment in Italy
"The important thing is to protect employment in Italy": this is how Michele De Palma, from the Fiom national secretariat for cars, comments on the rumors. "Since we are talking about an issue that concerns two multinationals and even two countries, it is essential that we do not review what happened with the Renault affair, but that the government and the Presidency of the Council protect the research and development capacity we have in our Country because the whole world of Italian components depends on this, in a moment of great transformation of the automotive sector ". "We have a common interest in our country and it is linked to the fact that there is an installed capacity to produce 1.5 million vehicles in Italy: any hypothesis of agreement or merger or joint venture must start from full employment and production of Italian factories "concludes De Palma.

No comment from the two car houses
"We do not comment on market rumors"; so at AFP a spokesman for the French automaker on the rumors reported by the Wall Street Journal that talks are underway between the FCA and Psa Group, the owner of the Peugeot and Citroen brands, for a merger that would create a 50 billion "giant" dollars. No comment also from Fca.

Tomorrow cda Psa
The board of directors of Psa will meet in extraordinary session tomorrow afternoon to evaluate a possible merger with Fca. The Bloomberg agency reported it citing some sources, according to which the negotiations are in the initial phase. The French government, reports Bloomberg, will play an important role in a possible agreement.