Fiat and Peugeot to negotiate for business integration October 30 19:54
Major automakers FCA = Fiat Chrysler and PSA = Peugeot Citroen have officially announced that they are negotiating for business integration. If management integration is realized, the world's fourth largest automobile group will be born.
Fiat Chrysler and Peugeot Citroën officially announced on the 30th that the two companies are in negotiations for business integration.
The company aims to create the world's leading automobile group. If management integration is realized, sales will reach 8.7 million units, the fourth largest in the world following the union of the three companies Volkswagen, Nissan Renault and Mitsubishi Motors, and Toyota. It becomes.
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, but it did not happen due to opposition from the French government. did.
It was reported that Peugeot Citroën already had a partnership with a joint venture to create a factory, and that both companies were looking for integration.
Fiat Chrysler is said to be active in restructuring the automobile industry amid the need for huge development funds, such as autonomous driving and electric cars, and it seems likely to be interested in the future of negotiations.