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The PSA group wanted to merge with Fiat Chrysler

The club My-Auto 19.03.2019 at 23:46

Reviews and news about Automotive industry

Interested in PSA and Jaguar Land Rover.

the Peugeot Family, one of the three largest shareholders of PSA, are willing to support the takeover or merger c Fiat Chrysler Automobiles, as the company aims to join a larger number of brands. One of the contenders for the unification of PSA is also referred to as Jaguar Land Rover.

the Reason for this decision — good experience with Opel, PSA which is bought from General Motors in 2016. The merger with the FCA would help to strengthen the group's position in North America, mainly due to the brands Jeep and RAM, and in the light of the restart of Peugeot in the US would give access to an extensive network of dealerships and service stations.

Itself Fiat Chrysler Automobiles is also not against cooperation, as directly stated by chief Executive officer group of Michael manly.

Insiders report that the PSA is interested and Jaguar Land Rover. The company is owned by India's Tata Motors, but lately is experiencing financial difficulties: because of falling sales in China and higher operating costs loss of JLR for the fourth quarter of 2018, was approximately four billion dollars.

Under the control of the French Opel has completely passed in March 2017. The amount of the transaction with General Motors amounted to 2.2 billion euros. Together with Opel, the French were still the British brand Vauxhall, which produces a turned right-hand drive models of the German company.

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