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

Yesterday, the German Federal Minister of Economics Peter Altmaier, Prime Minister Malu Dreyer and Minister of Economics Dr. Volker Wissing visited Kaiserslautern in Rhineland-Palatinate for the presentation of the largest EV battery plant in Germany. The conversion of the traditional Opel plant in Kaiserslautern will begin in 2021 and battery production will start in 2024. A second battery plant is also planned but...

8 February 2020

Citroen took to social media to tease a new electric vehicle. Announcing that "In 2020, Citroën makes electric mobility accessible to all!", the brand's official Facebook stage features a teaser video and mentions February 27 as the date on which Citroen will unveil more about this upcoming vehicle. You can check out the video below.

8 February 2020

Fiat Chrysler Automobiles (FCA) officially confirmed that it is in a discussion process with Foxconn (Hon Hai Precision Ind. Co., Ltd.) regarding the potential creation of an equal joint venture to develop and manufacture in China new generation battery electric vehicles and engage in the IoV (Internet of Vehicles) business. Moreover, FCA said that the two parties are in the process of signing a preliminary...

17 January 2020

Peugeot UK unveiled the all-electric Peugeot e-2008 SUV on June 19th. As of today, reservations for the model are active via Peugeot UK's website. The starting price of the e-2008 SUV GT Line is £32,000. The first deliveries are expected in 2020. Peugeot e-2008 packs a 50 kWh battery and a 100 kW (136 bhp) electric motor with a B mode and a D mode for re-gen. The estimated WLTP range is 310 km (193 miles). The...

14 November 2019

In early 2020, FCA will start preparing a Battery Hub at the Mirafiori complex in Turin. This battery assembly complex will supply batteries to the new generations of fully electric FCA models. The assembly process will be aided by an expert in the field - Comau. Training areas, quality control and testing areas are also included in the project. The initial investment in place will be approximately €50 million. In...

23 October 2019

The Red Dot Award is one of the most prestigious international design competitions for product design, communication design and design concepts. FCA has announced today that its Fiat Concept Centoventi has received a Red Dot Award 2019 in the Design Concept category. It has been assigned by an international jury of 21 of the world's top Design professionals and academics. The most noteworthy feature of the Fiat...

25 September 2019

Opel Corsa-e and Opel Corsa-e Rally make their world debut at the IFA 2019 in Frankfurt. Visitors of the show can check them out at stand D31 in hall 11.0 during the public days from September 12th to September 22nd. The Opel Corsa-e is driven by a 100 kW (136 hp) electric motor with 260 Nm of torque and is powered by a 50 kW battery that provides up to 330 km of range (WLTP, provisional). The battery is covered by...

10 September 2019

Audi AI: Trail quattro and Audi Aicon At the IAA 2019, Audi will showcase the Audi AI: Trail quattro - the concept study of an electrically powered off-roader of the future. It will be adjoined by a quartet of visionary automobiles, which also started at the IAA in 2017 with the debut of the Audi Aicon. All four studies will be on display during the IAA 2019 in Frankfurt. Aiways U5 Aiways is a Chinese brand which...

7 September 2019

According to a Citroën spokesperson who spoke to Carscoops, PSA will launch the C4 again but as an all-electric vehicle. Based on the group's common modular platform (CMP), it will compete with the Nissan Leaf and Volkswagen ID.3. Other PSA models based on the same platform are the Peugeot e-208 and Opel/Vauxhall Corsa-e. As an ICE, the C4 will retain its name and will be available in diesel and petrol variants...

2 August 2019

The Transport & Environment (T&E) group for a "smarter, cleaner transport in Europe" predicts that in the next three years the number of electric car models on the European market will more than triple. The numbers include BEVs, PHEVs and fuel cell vehicles, or broadly NEVs. More specifically, at the end of 2018, there have been 60 NEV models and in 2021 there will be a total of 214 NEV models, which will increase...

23 July 2019

Earlier today, FCA announced that it will invest €700 million in the production of the Fiat 500 BEV. The production is scheduled to begin in the second quarter of 2020 and the investment will include the creation of a new production line for 80,000 vehicles per year with potential for expansion. It will be added to the Mirafiori production site in Turin, Italy - the largest FCA production site in the world, which...

11 July 2019

Today, Peugeot announced the ICE 2008 and the all-electric e-2008 SUV. Of course, we're interested in the second model. The manufacturer plans a market launch for early 2020. Peugeot e-2008 will pack a 50 kWh battery and a 100 kW (136 bhp) electric motor with a B mode and a D mode for re-gen. The estimated WLTP range is 310 km (193 miles). The battery will support 100 kW DC fast charging and it will take 30 minutes...

19 June 2019

In addition to Aston Martin Rapide E, another all-electric vehicle will take part in the Fully Charged Live event this weekend - Peugeot e-208. The event will be held at Silverstone and Peugeot will participate with a prototype version of the e-208. The company's stand is located in Wing, Hall 1. The vehicle is built on the e-CMP electrified modular platform and packs a 50 kWh battery placed underneath the trunk...

6 June 2019

Opel hosted a dedicated event today for the market launch of its first all-electric vehicle - the Opel Corsa-e. The car is now up for sale and the first available trim of the model is dubbed Corsa-e Selection. It costs €29,900 (RRP incl. VAT in Germany) and arrives with automatic climate control with remote control, electric parking brake and keyless start as well as the Apple CarPlay and Android Auto compatible...

4 June 2019