Following initial statements made in November, Groupe PSA and Fiat Chrysler Automobile (FCA) have signed a 50:50 merger agreement that will create the fourth largest carmaker by volume, based on a current annual combined production of 8.7m units…
Following initial statements made in November, Groupe PSA and Fiat Chrysler Automobile (FCA) have signed a 50:50 merger agreement that will create the fourth largest carmaker by volume, based on a current annual combined production of 8.7m units. Completion of the proposed merger is expected to take place in 12-15 months and will also mean the creation of the third largest carmaker in the world by revenue, with a combined taking of €170 billion ($185.6 billion).
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