Fiat-Chrysler and Peugeot-Citroen will merge in an equal marriage?

30 October 2019

Automakers FCA and PSA agree on the equal merger of

Italian-American group Fiat Chrysler (FCA) and the French PSA group, which manufactures the brands Peugeot and Citroen started to the blows on a possible merger on equal terms for both parties concerned. In case of success, the global auto industry expects a radical redistribution.
By the way, in may years FCA has already proposed a merge of the French Renault. If this deal goes through, it would have formed third world's largest automaker after the Vokswagen Group and Toyota Motor. However in June, the FCA still refused to this plan
But today the FCA is already PSA discusses the complete fusion of the groups, but on equal conditions. At this PSA CEO Carlos Tavares must become the head of the United auto giant, and Chairman of the Board of Directors of FCA John Elkann will take a similar post in the newly created "super group."
However, insider sources characterize the talks with the FCA and PSA "flowing" in which  can be considered a variety of options and conditions. Guarantees completion of the transaction yet. The previous false start negotiations with Renault have all memory.
Reference: FCA group was formed in 2014 the purchase of Chrysler LLC American Italian holding FIAT Auto. The activities of the FCA controlled by the family of Italian entrepreneurs Agnelli. The group owns the brands Fiat, Chrysler, Alfa Romeo, Dodge, Jeep and Maserati.
French group PSA created in 1975 owns the brands Peugeot, Citroen, Opel and Vauxhall.