As mooted last month Fiat Chrysler and the owner of brands such as Peugeot, PSA group was considering a merger. Now the pathway is open to a 50:50 partnership after discussions agreed on the creation of a new group.
The global deal will combine the strengths of both companies to help meet new challenges, mainly the electrification of vehicles and attempts at autonomous mobility. FCA had already pulled out of an earlier plan to join Renault.
The planed combo would create the 4th largest global OEM. The markets where the partnership would excel include FCA’s strength in North America and Latin America and Groupe PSA’s in Europe.
The portfolio of vehicles would be strong with Luxury, Premium, Mainstream Passenger Car, SUV and Trucks & Light Commercial covered.
Both companies’ have extensive capabilities now and planed for the future when it comes to sustainable mobility, including electrified powertrains, autonomous driving and digital connectivity.
But terms such as “synergies” always mean one thing, job losses. Don’t lose sight of that.
Chris is EFTM’s Motoring Editor, driving everything from your entry level hatch to the latest Luxury cars through to the Rolls Royce.
He has been in the media for 20 years, produced three Olympic games broadcasts, attending Beijing 2008 & London 2012.
Strangely he owns a Toyota Camry Hybrid, he defiantly rejects the knockers.
Chris is married to Gillian and resides in Sydney’s North West. They have Sam the English Springer Spaniel and Felix the Burmese cat to keep them company, and recently welcomed baby Henry to the family.