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

  • Smart parking key to sustainable urban mobility
    April 26, 2013
    Smart parking looks like a market poised to take off in the US. It could bring many benefits, not just for parking facility operators and their customers but also for society as a whole. Steven Bayless, senior director, telecommunications and telematics at ITS America, looks at some of the opportunities and challenges involved. Parking is an estimated $24-25 billion industry in the US and although highly fragmented, it is experiencing a growing trend towards consolidation and outsourcing of parking operatio
    Read More
  • Siemens Mobility project uses rerouting to improve air quality in Munich
    February 25, 2019
    Up to 40% of drivers are willing to help reduce air pollution when provided with alternative routes on ThinxNet’s Ryd platform, says Siemens Mobility. The partners worked with air quality specialist Hawa Dawa in a four-week project in Munich to prove that intelligent traffic control can help cities become more sustainable. Siemens says initial results for more than 1,600 drivers in the German city showed savings of 83 kg of carbon dioxide and 114 g of nitrogen oxide as well as a reduction of 633km driven
    Read More
  • App informs drivers of delays during Long Beach bridge replacement
    June 6, 2014
    David Crawford previews a work zone travel breakthrough. In February 2014, the Port of Long Beach in California launched what it claims is a groundbreaking construction zone navigation aid - LB Bridge mobile app. The app is designed to help drivers during the Gerald Desmond Bridge replacement programme by keeping them up to date on activity and the ensuing traffic diversions when construction starts in summer 2014. The unusually content-rich app is designed to convey current project news (enlivened by phot
    Read More
  • ACE report: private sector and user-pay for English roads
    May 16, 2018
    It’s one minute to midnight for funding England’s roads, according to a timely new report - and the clock’s big hand is pointing to some form of user-pay solution, reports David Arminas. Is there any way out of future user-pay funding for England’s highway infrastructure? The answer is a resounding ‘no’, according to the recently-published report Funding Roads for the Future. The 25-page document by the London-based Association for Consultancy and Engineering (ACE) calls for a radical rethink about how to
    Read More

Highlighted Content