# PSA reduces Faurecia stake as part of Fiat Chrysler merger plan

PSA Group is reducing its stake in Faurecia as part of its merger plan with Fiat Chrysler Automobiles. The announcement was made on October 29, 2020.

- Type: Investment
- Announced: 2020-10-29
- Status: announced
- Products: automotive components
- Sectors: [Automotive Components](https://endata.com/sectors/automotive-components.md)

## Companies

- [PSA Group](https://endata.com/companies/19914.md)
- [Faurecia](https://endata.com/companies/1483.md) (target)
- [Fiat Chrysler Automobiles](https://endata.com/companies/14862.md) (partner)

## Sources

- [autonews.com](https://www.autonews.com/automakers/psa-reduces-faurecia-stake-part-fiat-chrysler-merger-plan/), 2020-10-29: "PSA reduces Faurecia stake as part of Fiat Chrysler merger plan."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.