Merger of carmakers PSA Group and Fiat Chrysler

Summary:

On 18 December 2019, PSA Group and Fiat Chrysler Automobiles said in a statement they have signed binding merger terms. They have agreed for a 50-50 merger of their businesses. The merger created the world’s fourth-biggest car group by sales.

News

The Guardian, 18/12/2019: Peugeot and Fiat Chrysler agree terms of £38bn merger https://www.theguardian.com/business/2019/dec/18/peugeot-and-fiat-chrysler-agree-terms-of-38bn-merger

Financial Time, 18/12/2019: Fiat Chrysler and Peugeot agree to merge in giant auto deal https://www.ft.com/content/92ff16ec-2162-11ea-92da-f0c92e957a96

Reuters, 18/12/2019: Fiat Chrysler CEO Manley to be part of new group after PSA merger: chairman https://www.reuters.com/article/us-fiat-chrysler-m-a-psa-manley/fiat-chrysler-ceo-manley-to-be-part-of-new-group-after-psa-merger-chairman-idUSKBN1YM11W

Forbes, 18/12/2019: Fiat Chrysler and Group PSA Announce Merger Agreement https://www.forbes.com/sites/edgarsten/2019/12/18/fiat-chrysler-and-group-psa-announce-merger-agreement/#70bd672b2239

Deutsche Welle, 18/12/2019: Peugeot and Fiat Chrysler finalize merger to create fourth-largest automaker https://www.dw.com/en/peugeot-and-fiat-chrysler-finalize-merger-to-create-fourth-largest-automaker/a-51716786

BBC News, 18/2/2019: Fiat Chrysler and PSA confirm merger deal https://www.bbc.co.uk/news/business-50834384

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