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October 31, 20198.25 The confirmation is official. The marriage between Fca and Psa, to create a new car giant, was celebrated. It will be the fourth automotive group in the world with 8.7 million cars sold, behind GM, Volkswagen and the Renault-Nissan-Mitsubishi alliance. The new company will be jointly led by Carlos Tavares, managing director, and John Elkann, president. In the BoD 11 members: 5 appointed FCA, 5 Psa plus Tavares. 400 thousand employees. The turnover will reach 200 billion "There will be no closure of establishments".