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Fiat now negotiates with PSA for business integration

2019-10-29T23:21:33.248Z

Major car manufacturer FCA = Fiat Chrysler negotiates with French PSA = Peugeot Citroën for business integration ...



Fiat Negotiations for PSA and management integration October 30 8:14

It became clear that major car manufacturer FCA = Fiat Chrysler is negotiating with France's PSA = Peugeot Citroën for business integration. FCA has a history of proposing business integration to Renault in France in May, but at this time, integration was not realized due to the opposition of the French government.

This is what the leading American newspaper “Wall Street Journal” reported on the 29th, and both companies are considering equal mergers through share exchanges.

If the business integration is realized, it will become the world's fourth largest automobile group with 8.7 million units sold.

Fiat Chrysler, whose sales in the North American market are large, proposed a business integration to Renault in France, which has partnered with Nissan Motor, in May. did not.

Peugeot Citroën is based in France, but Fiat Chrysler has already had a partnership with a joint venture to create a factory. .

Fiat Chrysler is said to be active in restructuring the automobile industry in the face of huge development funds such as autonomous driving and electric cars, and it seems likely to be interested in the direction of negotiations.

Source: nhk

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