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After a month and a half, Fiat Chrysler (FCA) and Peugeot Citroen (PSA) officially announced the merger and issued a joint statement on December 18. With annual sales of 8.7 million vehicles and combined revenue of 170 billion euros, the new company will become the fourth largest automobile group in the world after Volkswagen, Toyota and Renault-Nissan alliance, according to the statement. In the new corporate governance structure, John Elcan, chairman of FCA, will serve as chairman of the new company, and Tang Weishi, CEO of PSA, will serve as CEO of the new company. It is understood that.
The planned merger of PSA (Peugeot Citroen) and FCA (Fiat Chrysler) will proceed as scheduled, and the merger will be completed in the first quarter of 2021 at the latest. Affected by the epidemic and other factors, the merger of PSA Group and FCA Automobile Group has been questioned by the outside world. In response to this, Tang Weishi, CEO of PSA Group, said at the annual shareholders' meeting on June 25 that the pandemic phase was not the time to re-examine the deal with FCA Automobile Group, and warned all parties not to attempt to undermine the merger plan of PSA Group and FCA Automobile Group. Tang Weishi also stressed that he is very trustworthy.
Dongfeng is likely to cut its stake in Peugeot-Citroen (PSA) in an attempt to facilitate a merger of PSA and FCA to ease regulatory scrutiny of the merger of PSA and FCA, Reuters reported, citing people familiar with the matter. Peugeot-Citroen (PSA) and Fiat Chrysler (FCA) announced on October 31 that they will create a new car company with a 50:50 share ratio. In terms of car production, the two will merge to become the world's fourth-largest automaker, with annual sales of 8.7 million vehicles and annual revenue of 170 billion euros.
According to people familiar with the matter, French Peugeot Citroen (hereinafter referred to as PSA) Fiat Chrysler (hereinafter referred to as FCA) held talks on a merger of the two companies earlier this year, but was rejected by FCA. Executives of the two companies have now concluded negotiations. It is understood that FCA chose to reject PSA because it would increase its exposure to mature European markets. The Agnelli family, which owns a controlling stake in FCA, also said it was not interested in the stock financing deal proposed by PSA, but because PSA went to buy GM's European business, it was acquiring FAC... in order to prevent debt expansion.
New progress has been made in the merger of Peugeot-Citroen (PSA) and Fiat Chrysler (FCA), with future joint venture Stellantis planning to cut brands, models and factories in China and regain lost market share in China, according to foreign media reports. According to previous reports, PSA and FCA announced on July 15 that the combined company, named "STELLANTIS", is expected to sell 8.7 million vehicles a year, making it the fourth largest automaker in the world after Volkswagen, Toyota and Renault-Nissan-Mitsubishi alliance. PSA Group owns Peugeot and Citroen.
FCA is in talks with Peugeot-Citroen over a merger, Reuters reported, citing people familiar with the matter. PSA is Europe's second-largest carmaker, with a market capitalization of $22.5 billion, compared with $22.3 billion for FCA. A merger of the two companies would create a nearly $50 billion car manufacturing company with a market capitalization comparable to that of Honda. For the past few years, FCA has been trying to find a partner. On April 30, 2009, the US government announced that Chrysler would officially go bankrupt on April 30, when Chrysler was negative.
After Dongfeng Group formally approved the merger of Peugeot PSA Group and FCA Group, the merger of PSA Group and FCA Group was promoted. FCA issued a statement on May 6th that Fiat Chrysler (FCA) and Peugeot Citroen (PSA) will still merge in early 2021. The merger was first announced in October 2019 that the PSA and FCA groups will fully merge with a 50:50 stake to expand and cope with costly investment in new technologies and slowing market demand. The merger signed in December 2019.
With the gradual shrinkage of the automobile market in recent years and the increasingly fierce competition, many automobile companies began to seek strategic cooperation of "huddling". For example, PSA Collective and FCA Group announced as early as last year that they would merge. However, there is news recently that the two companies are not merged, but acquired by the acquirer PSA Group.
With the development of the Internet and electric vehicles, opportunities for cooperation among traditional automakers will become more frequent. After Volkswagen and Ford join hands, PSA and FCA are expected to jointly develop electric vehicles. According to foreign media reports, French car giant PSA Group is discussing a new cooperation model with FCA Group, and the two sides may jointly develop electric vehicles. Earlier, the news of the alliance between PSA Group and FCA Group was widely rumored in the industry, and finally FCA Group rejected this plan. According to foreign media sources, the two sides have reached a preliminary consensus that PSA Group and FCA Group will jointly develop an electric vehicle platform to reduce the development of electric vehicles.
After more than a year of , the merger between Peugeot-Citroen (PSA) and Fiat Chrysler (FCA) has finally been settled. How to merge the joint ventures of the two companies in China has also become a concern both inside and outside the industry. A few days ago, the new group Stellantis issued a statement denying that it was planning to set up a new joint venture in China.
As early as December 2019, Peugeot-Citroen (PSA) and Fiat Chrysler (FCA) issued a statement agreeing that they would form a new group with a share ratio of 50:50, which would become the fourth largest automotive group in the world after Volkswagen, Toyota and Renault-Nissan-Mitsubishi, with their brand names unchanged. Progress on the merger of PSA and FCA has been emerging in 2020, including Dongfeng Motor's approval of the merger, the name and LOGO of the new group, the members of the board of directors of the new group, the date of establishment of the new group, and so on. After 1.
Since last year, there has been news of a merger between PSA and FCA until the end of the year when the two sides signed a joint agreement to achieve a full merger of the two companies with a share ratio of 50:50. However, affected by the epidemic and other factors, the merger of PSA Group and FCA Automobile Group has been questioned by the outside world. In order to break the deadlock, new news came out between the two sides a few days ago.
Carlos Tavares, chief executive of PSA, said on Friday that after completing the merger of the two groups, PSA and FCA (Fiat Chrysler) would need to re-examine their strategy in the Chinese market. "if we want to stay in China, we need to find a successful solution".
For 2019, the merger of Peugeot Citroen (hereinafter referred to as PSA) and Fiat Chrysler (hereinafter referred to as FCA) is undoubtedly a major event in the industry, after all, the merger of the two auto groups will become the third largest auto group in the world. However, due to a variety of adverse factors, the merger plans of the two groups have been shelved and have not yet been realized, including the reason why Dongfeng Motor occupies an important role. Last October, PSA and FCA announced that they would merge fully with a 50:50 stake to expand and cope with costly investment in new technologies.
After Fiat Chrysler Group (FCA) and France's Peugeot Citroen Group (PSA) reached a merger plan, Dongfeng Motor, the third largest shareholder of PSA Group, chose to reduce its stake in PSA to help PSA and FCA merge smoothly. It is understood that Dongfeng Motor holds a 12.2% stake in PSA Group, worth about 2.2 billion euros. After FCA and PSA set up a new company, Dongfeng Motor will have a 4.5% stake in the new company. Lu Haitao, deputy general manager of the strategic planning department of Dongfeng Motor Group Co., Ltd., responded to the reduction of PSA shares, saying that Dongfeng has always supported PSA and F.
Recently, according to overseas media reports, Renault and Fiat Chrysler (FCA) are currently trying to establish an alliance. If the plan goes smoothly, the Renault-Nissan-Mitsubishi Alliance will merge with FCA to become the world's largest automaker. Fiat Chrysler is in extensive and in-depth discussions with Renault, citing a number of related negotiations, the Financial Times reported on Saturday. Fiat Chrysler is seeking to work together to meet the challenge of structural changes in the global auto industry. Sources said the agreement would allow FCA to join the existing Renault-Nissan-Mitsubishi alliance in the future, and warned of this.
On September 30th, Fiat Chrysler Group (hereinafter referred to as "FCA") and Peugeot Citroen Group (hereinafter referred to as "PSA") announced the membership of the board of directors of Stellantis. Under the merger agreement announced on December 18, 2019, the board of Stellantis will consist of 11 members, of which FCA and its major shareholder Exor have nominated five members, PSA and its two major shareholders have nominated five members, and Carlos Tavares, chief executive of Stellantis, will be a member of the board. Stellan...
Dongfeng Motor, as one of the major shareholders of PSA, has had an important influence since the planned merger of the French Peugeot Citroen Group and the FCA Fiat Chrysler Group. A few days ago, PSA Group announced that PSA has repurchased 10 million PSA common shares from Dongfeng Motor Group Co., Ltd.
In the current era of the popularity of electric cars, many enterprises are looking forward to getting a piece of the pie in this industry. According to foreign media reports, Fiat Chrysler (FCA) is planning to set up a joint venture with Foxconn, a high-tech company in Taiwan, to jointly develop and produce electric cars, and will take the lead in the Chinese market.
It has been nearly six years since Peugeot-Citroen announced the new CEO. According to Autocar, Citroen and DS will usher in a new CEO due to the restructuring plan of the PSA group. Among them, Vincent Cobee, former vice president of Mitsubishi Motors, will take over as CEO of Citroen, replacing former CEO Linda Jackson; Beatrice Foucher, who is now deputy CEO of DS brand, will become CEO of DS, replacing former CE...
Heavy! The National Development and Reform Commission plans to relax car purchase restrictions and increase license plate indicators in an all-round way
China's car sales continue to decline and the trend of car consumption is gradually declining. in such an environment, the National Development and Reform Commission is expected to guide further liberalization of the purchase restriction policy and comprehensively encourage automobile consumption. According to the online documents, the National Development and Reform Commission issued the implementation Plan for promoting the Renewal of consumption of Automobile, Home Appliances and Consumer Electronics to promote the Development of Circular economy (2019-2020), which plans to further expand the consumer market such as automobiles, promote the development of circular economy, and deepen supply-side structural reform. The document also describes in detail the specific implementation plan, and there are nine supporting regulations in the automotive field. The most important of these is the purchase restriction city.
2019-04-17 17:36:07Details
All of a sudden! A Tesla in Dongguan was suspected of getting out of control and crashed into multiple cars and destroyed the shop door.
A # Tesla suspected of getting out of control and crashing into multiple cars crashed into the store door # news quickly rushed to the hot search list of Weibo. According to electric shock news and other media reports, on March 4, a Tesla was suspected to be out of control in a traffic accident in Chigang, Humen, Dongguan, Guangdong. After crashing into a BMW, he crushed a Toyota under the car and ended up with a shop facing the street.
2023-03-04 16:56:32Details
The latest delivery list of new forces, Wei Xiaoli dropped by double digits compared with the previous month.
On August 1, the new power brands NIO, Xiaopeng, ideal, Nezha and Zero announced the latest monthly delivery results. According to the ranking of the "Tramway report", the delivery volume of mainstream new power brands was more than 10,000 in July, of which the best performance was Nashi, with 14036 cars, followed by zero-running cars.
2022-08-02 10:28:37Details
Another independent brand was born. Hanlong's first model is "domestic range Rover"?
The Zhongtai version of the "domestic range Rover" has been published for nearly two years since the real car was exposed, and there has been no news of mass production and listing. Now the car has finally been officially unveiled, but it will not be launched as the infamous Zhongtai Motors. It belongs to the new brand "Hanlong Automobile". Hubei Daye Hanlong Automobile Co., Ltd. was established in January 2016 and is headquartered in Daye City, Hubei Province, according to official data. It is a modern new energy automobile parts manufacturing enterprise integrating new energy vehicle design, development, manufacturing, sales and after-sales service. it is also a professional system of automobile engine products, spare parts supporting system products and automobile maintenance.
2019-08-29 11:29:05Details
Nilai also wants to make a range-extending car? No official response
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