PSA Peugeot-Citroën Approves FCA Merger, FCA Decides Tonight

31 October 2019 - motor1

PSA Peugeot-Citroën Approves FCA Merger, FCA Decides Tonight

FCA's holding company still needs to vote on the deal.

The board of PSA, the automotive conglomerate that controls the Citroën, DS, Opel, Peugeot, and Vauxhall brands, has allegedly approved plans to merge with FCA. Exor, the holding company at the reins of FCA allegedly meets on the evening of October 30 to vote whether to accept the tie-up, CNBC reported.

Details about the structure of the merger aren't yet official. Peugeot boss Carlos Tavares would become CEO of the combined automakers, and FCA chairman John Elkann would hold the same role at the new company, according to CNBC. By current counts, the new business would be the fourth largest carmaker in the world.

Neither side is offering any official comment at this time. However, an announcement could some as soon as Thursday, October 31, depending on Exor's decision. Both sides have briefed regulators, according to CNBC, suggesting they have been taking these talks very seriously.

It was only hours ago that rumors emerged of the two automakers negotiating a possible merger. A statement said: "there are ongoing discussions aimed at creating one of the world's leading mobility groups."

News By Tags

a1alfaalfa romeoAlfa Romeo GiuliaAlfa Romeo Stelvioalpinealpine a110Aston MartinaudiAudi SQ8AustraliaAustrijaautocestaautocesteautomobilautomobilibenzinbikebikesbmwBMW 3 seriesBMW 4 SeriesBMW 7 SeriesBMW 8 SeriesBMW i3BMW M4BMW M5boatboatsBosna i Hercegovinabrabusbrzinaburacampercamper vanCentar za vozila HrvatskecestacestarinacesteChryslercitroenCitroen C3classicscrash testcrossoverdaciaDacia DusterDetroit Auto ShowdieselDiesel bandiesel scandaldieselgateDizeldizelašidrag raceDucatiDysonelectricEUeuropeevFCAferrarifiatfordFord FiestaFord FocusFord MustangFrankfurt Motor ShowfunnygenesisGeneva Motor ShowgermanyGMgorivoGrand TourgumegužvehacHAKHarley-Davidsonhondahow toHrvatskaHrvatske cestehydrogenhyundaiHyundai KonaHyundai Santa FeHyundai TucsonistraživanjejaguarjeepJeremy ClarksonkamionKaznakazneKiaKia Sportagekoenigseggkupnjalamborghinilancialand roverLexusMate RimacmazdamercedesMercedes SprinterMercedes X-Classmilan bandićmitsubishiMotociklimotorcyclemotorsportMUPnesrećanissanNissan ArmadaNissan LeafNissan TitanNjemačkanovi automobiliopelOpel ComboOsijekParis Motor Showpeugeotpeugeot 2008peugeot 208Peugeot 3008Peugeot 308Peugeot 5008Peugeot 508pickuppolandpolicijapolovni automobiliporezporeziporschepožarprekršajiprodajaProdaja automobilaprodajni saloniprometprometnaprometna dozvolaprometna nesrećaPrometne kaznePSArabljenirabljeni autiRabljeni automobiliradoviramrecallrecreational vehiclerecreational vehiclesregistracijarenaultRenault ClioRenault DusterRenault KadjarRenault MeganeRenault ZoeRichard HammondRijekarimacRimac C_TwoRivianromeorotorRVSeatSeat LeonservisŠibenikskodaSkoda KaroqSkoda KodiaqSkoda OctaviaSljemesmartSplitspy shotsSrbijasubarusudarsupercarssuvSuzukitechnologytehnički pregledteslaTesla Model 3toyotaToyota YaristrajekttruckTržište automobilatuningtvornicaukUSAvanVolkswagenVolkswagen Golfvolvovozačivozačka dozvolavwVW ArteonVW Atlasvw beetleVW GolfVW Golf VIIIvw jettaVW PoloVW T-CrossVW T-RocYachtYamahayugoZadarZagrebZagreb Auto Showzakonzakon o sigurnosti prometa na cestamazastava
Sell Your Car