• Industria.PSA confirms that it negotiates with FCA the creation of the fourth world automobile group

Two laconic communiqués issued on Wednesday morning confirmed the information on Tuesday night, already collected by this newspaper: FCA (Fiat Chrysler Automobiles) and PSA (the manufacturer of Peugeot, Citroën, Opel ... ) are in full "negotiations for create one of the world's leading automobile groups . " Specifically, the fourth by volume of production with more than 8.5 million vehicles manufactured in 2018; a turnover close to 175,000 million dollars; 50,000 million dollars of market capitalization and more than 400,000 employees in the world.

A confirmation so determined that it would bring new news soon. While the night was falling in Spain , in the US, the media woke up an imminent agreement. Some already talk that the negotiation could be closed this Thursday. Sources close to the case walk in the same direction. If everything goes on schedule, FCA and PSA can shake hands before the start of the Wall Street session on Thursday, which would coincide with the 14.00 Spanish hours.

And speaking of quotes, FCA shares rose 8.5% mid-morning on Wednesday and PSA shares, 6%. The unions have also been in favor, although they will be very vigilant about employment, which was already affected after the purchase of Opel by PSA. The same has ensured the French Government, which has a 14% stake in PSA and was one of the actors that torpedoed the negotiations between Renault and FCA. In addition, it will require the new company to promote a European battery industry.

Given its capitalization, there is talk of a merger between equals, almost forced for two companies that lack the muscle of Toyota or VW to meet the challenge of the electrified, connected and autonomous car; To which we must add the added pressure of the demanding environmental requirements of the EU.

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