PSA Group and Fiat Chrysler confirm 50/50 merger plans

PSA Group and Fiat Chrysler Automobiles have confirmed plans to merge on a 50/50 basis, creating a combined entity with estimated synergies of €3.7 billion annually, with no plant closures expected.

“The two firms confirm 50/50 union to create one of world's largest automotive groups.”autocar.co.uk

• 2 sources
• autocar.co.ukPSA Group and Fiat Chrysler confirm merger plans | AutocarRachel BurgessOct 31, 2019
• reuters.comStronger together: Fiat Chrysler and Peugeot plan world's No.4 carmaker | ReutersGiulio Piovaccari, Geert De ClercqNov 1, 2019

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