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

  • Ethernet to tap new synergies for connected cars
    July 25, 2013
    Ethernet could be catalyst for bringing the automotive industry a step closer to connected vehicles. The latest report from Frost and Sullivan indicates that the need to integrate multiple consumer electronic devices into the car offering connected services and maintaining brand identity has led to a situation where original equipment manufacturers (OEMs) are shifting toward higher connectivity options which could power prioritised and personalised services, catering to varied consumer needs. With the parad
    Read More
  • Count On Us to merge with Sky High
    March 22, 2012
    UK-headquartered Clearview Traffic Group has announced the proposed merger of its Count On Us traffic survey and market research arm with Sky High, which will also see Clearview taking a significant equity stake in Sky High, with representation on the board of the merged company. Sky High is involved in the capture and analysis of traffic and transport data using video, automatic, manual and market research techniques.
    Read More
  • Data handling important for autonomous vehicles
    December 8, 2016
    Data handling is becoming an ever-greater part of transportation and never more so than with autonomous vehicles, as Andrew Bardin Williams hears from some big names.
    Read More
  • New services and equipment helps cities tackle air quality issues
    September 19, 2017
    With poor urban air quality shortening lives and fines being imposed for breaching pollution limits, authorities are seeking ways to clean up their cities. Poor air quality is topping the agenda for city authorities across the globe. In the UK, for example, a report from the Royal Colleges of Physicians and of Paediatrics and Child Health, concluded that poor outdoor air quality shortens the lives of around 40,000 people a year – principally by undermining the health of people with heart and/or lung prob
    Read More

Highlighted Content