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World's 4th Largest Automaker Set To Take Shape Monday
Sunday, January 3, 2021 - 3:01pm | 386Shareholders are scheduled to vote on the merger between Fiat Chrysler Automobiles NV (NYSE: FCAU) and PSA Group on Monday. Sizing Up: Finalization of the merger, which has been in the works for years, would create the world's fourth largest automaker by volume, Bloomberg reported. The combined...
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Report: Fiat Chrysler, Peugeot To Merge
Wednesday, October 30, 2019 - 4:06pm | 590Fiat Chrysler Automobiles NV (NYSE: FCAU) and Peugeot SA (OTC: PUGOY) maker PSA Group of France have agreed to merge in a deal that would create the world's fourth largest car maker. The deal still requires approval of the Fiat Chrysler board. Peugeot's board approved the proposal on...
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Why GM Is Bowing Out Of The European Auto Market
Tuesday, March 7, 2017 - 11:59am | 696Europe hasn't traditionally been a good hunting ground for U.S. automakers. For example, crosstown rivals General Motors Company (NYSE: GM) and Ford Motor Company (NYSE: F) haven't done as well across the Atlantic as they have done in the United States. GM On Back Foot In Europe Both the...
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Ford Isn't Worried About European Auto Market Consolidation
Tuesday, March 7, 2017 - 11:17am | 322General Motors Company (NYSE: GM)'s decision to sell its Opel/Vauxhall subsidiary to PSA Group failed to not only excite shareholders, but it also failed to intimidate its peers in Europe. Speaking to CNBC from the sidelines of the Geneva Motor Show, Ford Motor Company (NYSE: F)'s executive vice...
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More Mergers In Motors? Reuters Reports General Motors Opel Unit And PSA Group In Talks
Tuesday, February 14, 2017 - 11:26am | 437M&A chatter helped boost automakers' stocks higher on Tuesday. According to a Reuters report, France-based PSA Group is in talks with the American automaker General Motors Company (NYSE: GM) to acquire its European Opel division. A spokesperson for PSA Group confirmed the talks with Reuters and...