PSA Group boss Carlo Tavares's apparent desire to pursue a $45 billion merger with Fiat Chrysler Automobiles would, in theory, deliver massive cost savings which could be invested in new technology. But politics makes that hard, says LJucca:
French carmaker Peugeot PSA Group approached Italian-American peer Fiat Chrysler Automobiles earlier this year with the aim of creating a $45 billion carmaker, the Wall Street Journal reported on March 22, citing people familiar with the matter.PSA Group Chairman Robert Peugeot told French daily Les Echos on March 19 he would support a deal with Fiat Chrysler.
Former Fiat Chrysler boss Sergio Marchionne, who suddenly passed away in July 2018, had been vocal about seeking a combination with another global automaker.PSA Group shares were down 0.87 percent to 21.56 euros at 0846 GMT on March 25. FCA’s Milan-listed shares were down 2.3 per cent to 13.07 euros.
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