FCA/PSA merger will ‘advance sustainable mobility’

Italian automaker Fiat Chrysler Automobiles (FCA) is merging with Peugeot owner Groupe PSA in a move that will combine their capabilities in sustainable mobility. FCA is to incorporate its technologies with the French manufacturer in areas such as electrified powertrain, autonomous driving and digital connectivity. FCA says the merger will generate revenues of €170 billion, an operating profit of more than €11bn and savings of €3.7bn without any factory closures. The deal would also unite the co
November 7, 2019 Read time: 1 min
Italian automaker Fiat Chrysler Automobiles (FCA) is merging with Peugeot owner Groupe PSA in a move that will combine their capabilities in sustainable mobility.


FCA is to incorporate its technologies with the French manufacturer in areas such as electrified powertrain, autonomous driving and digital connectivity.

FCA says the merger will generate revenues of €170 billion, an operating profit of more than €11bn and savings of €3.7bn without any factory closures.

The deal would also unite the companies’ brands across luxury, premium, mainstream passenger cars, SUVs and trucks.

PSA’s chief executive Carlos Tavares will become CEO of the new company for an initial term of five years as well as a member of the board, which will be chaired by FCA’s chair John Elkann.

Related Content

  • European Commission: tighter rules for safer/cleaner cars
    December 12, 2017
    The European Commission (EC), European Parliament and the Council have reached a political agreement on the commission proposal from January 2016 to raise the quality level and independence of type-approval and testing before a car is placed on the market. It would enable the EC to be able to initiate EU-wide recalls and impose penalties on manufacturers or technical services of up to €30,000 (£26,000) per non-compliant car.
    Read More
  • Battery bottleneck: EV roll-out at risk
    June 17, 2019
    In order for the take-up of electric vehicles – a key part of the future mobility mix - to grow, we need batteries. And that might prove tricky, reports Graham Anderson Industry and commodities experts fear that the growth in electric vehicles (EVs) could be much slower than predicted due to bottlenecks in global battery market supply chains. “People seem to think that the switch from the internal combustion engine to electric vehicles just means you plug your car in rather than fill it with petrol,” a
    Read More
  • Calls for drunk driving prevention research measure
    April 17, 2012
    A broad range of safety, auto, insurance and alcohol industry groups and companies has called on the US Congress to pass legislation to provide funding for an advanced drunk driving detection research programme. They claim it could lead to more than 8,000 fewer highway fatalities each year and a nationwide economic cost saving of approximately US$130 billion annually. In a letter to House Transportation & Infrastructure Committee the groups called for inclusion of the ROADS SAFE (Research of Alcohol Detect
    Read More
  • Groupe PSA pilots Free2Move app in Seattle
    October 5, 2017
    Mobility solutions provider Groupe PSA is to launch its Free2Move smartphone app in Seattle – the first such application in the US. The mobility solutions app interacts with a range of car and bike sharing providers allowing users to compare location, characteristics and operating costs of available transportation options, including offerings from Car2Go, Zipcar then TravelCar. Several bike sharing services such as Ofo Bike, Lime Bike and Spin Bike will be added over the next 60 days.
    Read More

Highlighted Content