Groupe PSA and FCA agree on a merge, will become the world's 4th largest carmaker

31 October 2019, 06:08:43

Groupe PSA and FCA talks have resulted in an agreement on a merge of the two companies to form a new business entity with resources owned 50% by Groupe PSA shareholders and 50% by FCA shareholders. The new business unit will become the world's 4th largest global OEM in terms of annual unit sales (8.7m vehicles). Both parties see a number of benefits in this merge including such as leveraging their capabilities in the era of sustainable mobility, including electrified powertrain, autonomous driving and digital connectivity. A binding Memorandum of Understanding is expected to be reached in the coming weeks.

Carlos Tavares said: "This convergence brings significant value to all the stakeholders and opens a bright future for the combined entity. I'm pleased with the work already done with Mike and will be very happy to work with him to build a great company together."

Mike Manley said, "I'm delighted by the opportunity to work with Carlos and his team on this potentially industry-changing combination. We have a long history of successful cooperation with Groupe PSA and I am convinced that together with our great people we can create a world-class global mobility company."

In the context of pure electric vehicles, currently, Groupe PSA has the Peugeot e-208 on the market as well as the Opel Corsa-e/Vauxhall Corsa-e. There's the DS 3 Crssback E-Tens. In addition, the FCA has the Fiat 500e.

News related to Groupe PSA, FCA, Fiat, Chrysler, Peugeot, Citroën, DS, Opel or Vauxhall

Stellantis has unveiled the name and first image of its latest offering for sustainable urban mobility solutions under the Fiat brand - Fiat Topolino. Reviving the Topolino brand, this all-electric quadricycle encapsulates the coolness of the Fiat 500. The Topolino brings a new notion of la dolce vita to the city streets, designed for a wide audience, including younger customers, families, and city lovers - aligned...

31 May 2023

The new Opel Corsa Electric has been unveiled today featuring new drivetrain. It will arrive with two electric drive options: one with 100 kW/136 hp and a further improved range of up to 357 km and a second one with 115 kW/156 hp and up to 402 km of range. So the Corsa Electric is not only highly efficient – with its battery electric power and 260 Nm of torque on tap, it also ensures pure driving pleasure in any...

24 May 2023

Stellantis updates Citroën's EV range with the new Citroën ë-C4 and Citroën ë-C4 X. The two vehicles arrive with a new electric motor and battery combination. This new version, which combines a new 115 kW (156 hp) electric motor for more power with a new 54 kWh battery with improved energy density, offers enhanced driving pleasure and an extended range of up to 420 km in the WLTP cycle. This combination is available...

3 May 2023

Stellantis announced it will invest over €130 million in the Eisenach Assembly Plant in Germany, producer of the Opel Grandland compact SUV, to add production of the BEV successor vehicle that will be built on the all-new STLA Medium platform. Production of the new BEV is scheduled to begin in the second half of 2024. Adding a BEV to Eisenach’s output supports Opel’s bold commitment to a fully electric product...

23 March 2023

Peugeot is on track to deliver bold targets for electrification. By 2023, every model in the brand's line-up will be electrified. By 2025, Peugeot will have a 100% electric offer and by 2030 all Peugeot models sold in Europe will be 100% electric. The brand's goal on its path toward electrification is called E-Lion Project though it is not only about electrification but a holistic project based on 5 E's: Ecosystem...

27 January 2023

Peugeot Inception Concept debuted at CES 2023, heralding a new era for the brand and embodying its vision for future electric vehicles. Featuring a revolutionary exterior and interior design, including the next-generation Peugeot i-Cockpit and innovative Hypersquare control system with steer-by-wire technology, the Inception Concept will inspire Peugeot’s future products from 2025, with the goal of bringing most of...

6 January 2023

Peugeot Inception Concept will be presented on January 5th, 2023 in a world premiere at the Consumer Electronics Show, the famous CES in Las Vegas in the United States. The Peugeot brand cannot resist the pleasure of sharing a few preview images and a video. With a new formal language that exalts its feline and attractive attitude, its revolutionary interior design, and its promise of unprecedented driving...

16 December 2022

Stellantis brings its vision for a new era of cutting-edge freedom of mobility to CES 2023, the greatest worldwide event for technology in Las Vegas, Nevada, on January 5-8, 2023. The CEO Carlos Tavares has been invited by CES to deliver a keynote about Stellantis' vision on Thursday, January 5, in the Venetian Palazzo Ballroom. Highlights of the keynote presentation include the global debuts of the Peugeot...

16 December 2022

The new Opel Astra Electric / Vauxhall Astra Electric combines bold and clean design with state-of-the-art technology and a powerful 100% fully electric motor. It can be configured as a sporty 5-door model from spring 2023 and as a versatile Sports Tourer from autumn 2023. The Opel Astra Sports Tourer Electric combines driving dynamics with versatility and adapts perfectly to your life. This is ensured by the fully...

30 November 2022

2023 will be an electric year for Peugeot, and it will start on Thursday, January 5th, 2023 with the World Premiere of the "Peugeot Inception Concept" at the Consumer Electronics Show, the famous CES in Las Vegas, USA. The CES is the world's largest trade show dedicated to new technologies and innovations. The Peugeot Inception Concept was announced at the Paris Motor Show in October 2022 and will show how the Lion...

28 November 2022

Los Angeles Auto Show today announces plans for global and North America vehicle debuts at AutoMobility LA (AMLA), its annual gathering for both media and industry professionals on November 17. Showcasing automotive industry innovation and growth with an emphasis on electrification as its central pillar, the day will be highlighted by a selection of significant debuts. AutoMobility LA will feature a packed schedule...

27 October 2022

At the Paris Motor Show, Peugeot announced that in the weeks to come, the brand will reveal the Peugeot Inception Concept which embodies the brand's vision for the next generation of e-Native cars. It will show the quantum leap ion focusing on a dedicated 100% electric product offer. Resolutely displaying an optimistic vision of the automotive future, the concept EV will embody Peugeot's core values - Allure...

17 October 2022

DS Automobiles is making a splash at the Paris Motor Show (Mondial de l’Auto) with several world firsts and a remarkably young and 100% electrified range. The brand is displaying acknowledged expertise in electrification and refinement with New DS 3 (world first), DS 4, New DS 7, and DS 9 OPÉRA PREMIÈRE (world first). The DS Automobiles stand is located in Hall 4 of the Parc des Expositions at the Porte de...

17 October 2022

As Stellantis pushes to launch an additional 28 all-new battery electric vehicles through 2024, the Paris Motor Show was a fitting stage for the Company to showcase its capabilities and a broad range of electrified offerings and future plans. Stellantis CEO Carlos Tavares and President of the French Republic Emmanuel Macron today announced that the Mulhouse facility will produce the future Peugeot e-308 sedan and...

17 October 2022