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 agree on a merge, will become the world's 4th largest carmakerGroupe 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.

Related news

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

FCA and Foxconn are in talks for potential manufacturing of BEVs in China

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

Reservations for the all-electric Peugeot e-2008 SUV are open via the Peugeot UK website

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

FCA will set up a Battery Hub at the Mirafiori complex starting in early 2020

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 Fiat Concept Centoventi receives a Red Dot Award 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

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

What all-electric vehicles to expect at the IAA 2019 in Frankfurt next week

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

Citroën will launch the C4 with an electric power train and different moniker

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 number of NEV models in Europe will more than triple in three years

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

FCA to invest €700 million in the Fiat 500 BEV, production to start in Q2 of 2020

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

Peugeot e-2008 SUV is announced with a 50 kWh battery and a 100 kW motor

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

A Peugeot e-208 prototype will participate at the Fully Charged Live event this weekend

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 Corsa-e is up for sale, prices start at €29,900

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

Groupe Renault confirms FCA's proposal for a 50/50 merger and will study further this opportunity

This morning Groupe Renault confirmed in an official press release that "it received a proposal from FCA (Fiat Chrysler Automobiles) regarding a potential 50/50 merger transaction between Groupe Renault and FCA." Following this announcement, the company's Board of Directors met today to examine the proposal and decided to study with interest the opportunity of such a business combination. Renault promises it will...

27 May 2019

Opel enters the electric car market with the 6th gen Opel Corsa - the Corsa-e

Opel Corsa-e has been officially announced and with the sixth generation of its signature small car model, Opel enters the electric car market. The five-seat car 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 an 8-year warranty and can be charged to 80% via a DC fast charger in 30...

23 May 2019

EV Specifications

Complete specifications of EVs, grouped according to their brand and year

AudiBMWBytonChevrolete.GOFIATFordHyundaiJaguarKIAMazdaMercedes-BenzMGMININIONissanOpelPeugeotPolestarPorscheRenaultRivianSEATŠKODAsmartTeslaVolkswagen

Featured

Specifications of some of the most interesting and anticipated EVs.

2020 KIA e-Niro

2020 KIA e-Niro 4

Doors: 5, Seats: 5
Length: 172.2 in / 4375 mm
Width: 71.1 in / 1805 mm
Height: 61.4 in / 1560 mm
Curb weight: 3994.78 lb / 1812 kg
Electric motor: 150 kW @ 3800 - 8000 rpm, 395 Nm, Location: Front
Battery: 64 kWh, Voltage: 356 V

2022 Tesla Cybertruck

2022 Tesla Cybertruck Tri Motor AWD

Doors: 4, Seats: 6
Length: 231.7 in / 5885 mm
Width: 79.8 in / 2027 mm
Height: 75.0 in / 1905 mm
Location: Rear
Location: Front

2021 Ford Mustang Mach-E

2021 Ford Mustang Mach-E GT Performance Edition

Doors: 4, Seats: 5
Length: 186.0 in / 4724 mm
Width: 74.0 in / 1880 mm
Height: 63.0 in / 1600 mm
Location: Rear
Location: Front
Battery: 98.8 kWh

2021 Ford Mustang Mach-E

2021 Ford Mustang Mach-E First Edition

Doors: 4, Seats: 5
Length: 186.0 in / 4724 mm
Width: 74.0 in / 1880 mm
Height: 63.0 in / 1600 mm
Battery: 98.8 kWh

2020 Tesla Model X

2020 Tesla Model X Performance (SR)

Doors: 4, Seats: 5 / 6 / 7
Length: 198.3 in / 5037 mm
Width: 78.7 in / 1999 mm
Height: 66.0 in / 1676 mm
Curb weight: 5740.84 lb / 2604 kg
Electric motor #1: 375 kW @ 6150 rpm, 660 Nm, Location: Rear
Electric motor #2: 193 kW @ 6100 - 6800 rpm, 330 Nm, Location: Front
Battery: 100 kWh, Voltage: 350 V

2020 Tesla Model S

2020 Tesla Model S Performance (SR)

Doors: 4, Seats: 5
Length: 196.0 in / 4978 mm
Width: 77.3 in / 1963 mm
Height: 56.5 in / 1435 mm
Curb weight: 4940.56 lb / 2241 kg
Electric motor #1: 375 kW @ 5900 rpm, 650 Nm, Location: Rear
Electric motor #2: 193 kW @ 6100 rpm, 330 Nm, Location: Front
Battery: 100 kWh, Voltage: 400 V

2020 Tesla Model 3

2020 Tesla Model 3 Performance AWD

Doors: 4, Seats: 5
Length: 184.8 in / 4694 mm
Width: 72.8 in / 1849 mm
Height: 56.8 in / 1443 mm
Curb weight: 4100.6 lb / 1860 kg
Electric motor #1: 211 kW, Location: Rear
Electric motor #2: 147 kW, Location: Front
Battery: 79.5 kWh, Voltage: 360 V

2020 MINI Cooper SE

2020 MINI Cooper SE Level III

Doors: 2, Seats: 4
Length: 150.4 in / 3821 mm
Width: 68.0 in / 1727 mm
Height: 55.7 in / 1414 mm
Curb weight: 3009.31 lb / 1365 kg
Electric motor: 135 kW, 270 Nm, Location: Front
Battery: 32.6 kWh

2020 Polestar 2

2020 Polestar 2 Performance Package

Doors: 5, Seats: 5
Length: 181.4 in / 4607 mm
Height: 58.2 in / 1478 mm
Location: Rear
Location: Front
Battery: 78 kWh

2019 NIO ES6

2019 NIO ES6 Performance 84 kWh

Doors: 5, Seats: 5
Length: 190.9 in / 4850 mm
Width: 77.4 in / 1965 mm
Height: 68.1 in / 1731 mm
Electric motor #1: 240 kW, 420 Nm, Location: Rear
Electric motor #2: 160 kW, 305 Nm, Location: Front
Battery: 84 kWh

2020 Tesla Model Y

2020 Tesla Model Y Performance AWD

Doors: 4, Seats: 5 / 7
Location: Rear
Location: Front

2020 Tesla Model Y

2020 Tesla Model Y Long Range AWD

Doors: 4, Seats: 5 / 7
Location: Rear
Location: Front

2020 Tesla Model Y

2020 Tesla Model Y Long Range RWD

Doors: 4, Seats: 5 / 7
Location: Rear

2020 Opel Corsa-e

2020 Opel Corsa-e First Edition

Doors: 5, Seats: 5
Length: 159.8 in / 4060 mm
Height: 56.5 in / 1435 mm
Curb weight: 3373.07 lb / 1530 kg
Electric motor: 100 kW, 260 Nm, Location: Front
Battery: 50 kWh

2020 Volkswagen ID.3

2020 Volkswagen ID.3 Pro S

Doors: 5, Seats: 5
Length: 167.8 in / 4261 mm
Width: 71.2 in / 1809 mm
Height: 61.1 in / 1552 mm
Electric motor: 150 kW, 310 Nm, Location: Rear
Battery: 77 kWh, Voltage: 408 V

2020 Volkswagen ID.3 1st

2020 Volkswagen ID.3 1st Max

Doors: 5, Seats: 5
Length: 167.8 in / 4261 mm
Width: 71.2 in / 1809 mm
Height: 61.1 in / 1552 mm
Curb weight: 3637.63 lb / 1650 kg
Electric motor: 150 kW, 310 Nm, Location: Rear
Battery: 58 kWh

2020 Porsche Taycan

2020 Porsche Taycan Turbo S

Doors: 4, Seats: 4
Length: 195.4 in / 4963 mm
Height: 54.3 in / 1378 mm
Curb weight: 5059.61 lb / 2295 kg
Electric motor #1: 160 kW, 300 Nm, Location: Front
Electric motor #2: 300 kW, Location: Rear
Battery: 93.4 kWh, Voltage: 800 V

2020 Porsche Taycan

2020 Porsche Taycan Turbo

Doors: 4, Seats: 4
Length: 195.4 in / 4963 mm
Height: 54.4 in / 1381 mm
Curb weight: 5081.66 lb / 2305 kg
Electric motor #1: 160 kW, 300 Nm, Location: Front
Electric motor #2: 300 kW, Location: Rear
Battery: 93.4 kWh, Voltage: 800 V