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  Heavy! Geely Volvo Announces merger

  Geely Volvo's merger has finally made substantial progress. On the evening of February 24, Geely Holdings issued the latest announcement on the Hong Kong Stock Exchange to announce the latest merger plan with Volvo Group. Geely Holdings said in the announcement that after a detailed study of various merger options, the two sides have found the best merger plan, that is, the two sides will carry out a series of business mergers and cooperation on the basis of maintaining their existing independent company structure. On February 10, 2020, Geely announced that its management was in preliminary discussions with Volvo's management and had discussed restructuring through the business merger of the two companies.

  Geely Volvo 2021-02-25
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  Fiat Chrysler (FCA) has withdrawn its merger of Renault following intervention by the French government

  Fiat Chrysler (FCA) withdrew its proposed merger with Renault on Wednesday, according to people familiar with the matter. Renault's board failed to make a decision on the acquisition due to opposition from Nissan. Fiat Chrysler confirmed the news and said in a statement: "FCA remains convinced that there are compelling and transformative reasons for this proposal. However, France clearly does not have the political conditions for such a successful combination at the moment." Renault's board had planned to meet later on Wednesday to consider the proposal. But during the meeting, two Nissan representatives opposed the merger of Renault and FCA, while the rest of the board.

  Renault Nissan FCA merger 2019-06-06
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  Geely and Volvo merger talks to resume

  In order to deepen cooperation in capital and business, Geely and Volvo jointly announced plans for a "restructuring and merger" in February this year to form a strong global automotive group to achieve synergy between cost structure and technology development. to meet future challenges. However, due to a number of reasons, the plan was temporarily shelved, and recently the chairman of Geely Motor talked about the restructuring and merger plan. On the last day of 2020, Geely Li Shufu delivered a 2021 New year's address, summing up Geely's achievements over the past year, Li Shufu also talked about the restructuring and merger with Volvo. Li Shufu said: "in 2021, we will be in.

  Geely car Volvo car 2020-12-31
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  PSA and FCA officially confirm the merger, and the new company is expected to be operational in 2021

  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.

  PSA FCA 2019-12-18
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  FCA announced that the merger would be completed early next year, with a loss of 13 billion yuan in the first quarter.

  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.

  FCA PSA 2020-05-06
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  Merger or top priority! Geely is studying specific plans for a merger with Volvo

  According to the results released by Geely Automobile, Geely's revenue in 2019 was 97.401 billion yuan, down 9% from 10.66 billion yuan in 2018, and its net profit was 8.189 billion yuan, down 35% from 12.553 billion yuan in 2018. Geely said in the report that both operating income and net profit fell due to a larger-than-expected decline in overall sales during the year, as well as pricing pressure caused by weak demand and fierce market competition. At present, ample cash flow gives Geely the strength to cope with the impact of the epidemic on sales and production. However, Geely still said that "epidemic."

  Geely Volvo 2020-03-31
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  Chuan Dongfeng Motor plans to sell PSA shares to promote the merger of PSA and FCA

  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.

  Dongfeng Motor PSA FCA 2019-12-07
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  With EU approval, Fiat Chrysler and Peugeot Citroen will merge soon

  The merger of Fiat Chrysler and Peugeot Citroen is imminent. After completing the monopoly investigation, the European Commission approved the merger of the two major automakers on the 21st, Xinhua reported. Previously, the EU feared that the combined new company would affect the lucrative van market in Europe. As a result, the European Commission said in a statement that the conditions for approving the merger were that the two carmakers fully abide by their commitments. The commitment is that Citroen promised to continue to implement the agreement with Toyota Motor Company of Japan after the merger to continue to produce and sell Toyota-branded vans in the European market. In addition, Fiat Chrysler and Peugeot Citroen.

  PSA Group Peugeot Citroen 2020-12-22
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  The merger of the two major automobile groups, PSA and FCA, has been smooth and will be officially merged early next year.

  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.

  Peugeot Citroen FCA Group 2020-06-27
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  Nissan said it did not object to the merger of Renault and FCA, but refused to merge with Renault.

  At a regular meeting of the Renault-Nissan alliance at Nissan's headquarters in Yokohama on May 29th, a Nissan spokesman said he had no objection to the planned merger of its partner Renault and FCA. Renault is currently in talks with FCA on a proposed merger that could lead to a $35 billion deal that would make it the world's third-largest auto group. Renault CEO asked Dominic Sennard to arrive in Japan on Tuesday to see how Nissan should integrate into the new alliance. And continue to discuss the merger with Nissan. Overall, we [Nissan] did not see it in the merger plan, Nissan CEO Hiroshi Nishikawa said on Wednesday.

  Renault Nissan FCA 2019-05-30
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  Restart negotiations! Geely Volvo will be a multinational car company in the first quarter of next year.

  As we all know, Geely, a leading domestic car company, and Volvo, a multinational luxury brand, announced plans for a merger in February this year. After the merger, Geely will also become a multinational car company, but due to some factors, the two sides suspended the merger plan until recently re-announced that they would resume negotiations.

  Star car 2020-12-03
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  The latest situation has been revealed! PSA/FCA is not a merger, the real purpose is anti-takeover.

  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.

  PSA 2020-11-27
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  Dongfeng Motor has approved the merger of PSA and FCA Group, and the profits will be invested in its own field.

  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.

  Dongfeng automobile 2020-04-27
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  The Italian Deputy Prime Minister publicly criticized the French government for interfering in the merger of FCA and Renault.

  Italian Deputy Prime Minister Luigi Dimayo publicly criticized the French government for blocking the merger of Renault and Fiat Chrysler on June 7 local time, Reuters reported. Luigi Dimayo, Italy's deputy prime minister and minister of industry, said: government intervention was the reason for the failure of the [Fiat-Chrysler and Renault] merger, and Renault was not satisfied with it. This would have been an open market operation that would have benefited Italy and the Italian people. He said the French government had a negative impact here. This should be an open market operation, and we should respect the open market operation. "except with Fiat Chrysler.

  Audi engine driving 2019-06-08
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  Are you sure it won't fail again? It is revealed that Fiat Chrysler and PSA resume talks on merger.

  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.

  Merger of PSA and FCA 2019-10-30
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  FCA and Renault may restart merger negotiations, based on the original basis but not involving Nissan

  Mike Manley, chief executive of Fiat Chrysler, met with Renault executives in Paris on Friday to discuss a possible resumption of merger talks. The agreement is based on the original plan, but no longer involves Nissan, the report said. FCA and Renault executives agreed to launch a new round of merger talks, but the problem is Renault's partnership with Nissan. Renault is said to be willing to significantly reduce its stake in Nissan in exchange for Nissan's support. FCA said that the previous decision to withdraw the merger offer was carefully considered, mainly because the French government did not support it. The explanation given by FCA is not very convincing.

  Renault FCA negotiation merger 2019-06-16
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  Once again, the official declares the doubt! PSA and FCA merge and name STELLANTIS

  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.

  PSA and FCA 2020-07-16
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  Senior members confirm that the world's fourth largest automobile group will complete its merger in the first quarter of next year.

  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...

  PSA FCA 2020-09-30
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  French government: to consolidate the alliance plan between Renault and Nissan, will reduce its stake in Renault

  According to foreign media reports, French Finance Minister Luno Lemerre said that in order to promote the alliance between Renault and Nissan, it would reduce its 15 per cent stake in Renault. In the face of foreign media interviews, French Finance Minister Luno Lemerre said: "We can reduce the government's stake in Renault." As long as we have a stronger auto industry at the end of the process and a stronger alliance between the two major carmakers Nissan and Renault, this will not be a problem. " France, as Renault's largest shareholder, owns 15% of Renault.

  Renault Nissan the government 2019-06-09
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  Japan tries to merge Honda and Nissan

  The Japanese government is trying to press ahead with the merger of Nissan and Honda. Foreign media reported that the Japanese government had put forward a plan for a merger between Honda and Nissan and tried to broker negotiations between the two carmakers. The move is a measure considered by the Japanese government because of concerns about the future of the country's auto industry. At the end of 2019, the Japanese government proposed a merger with Honda and Nissan for the first time, fearing that Japanese carmakers would lose their edge in the transition to electric and self-driving cars, foreign media quoted several people familiar with the matter as saying. The rapid rise of electric vehicle technology and self-driving technology, the global automakers are facing the pressure of transformation, while many.

  Honda car manufacturing 2020-08-17