Fiat Chrysler and Peugeot are joining forces to create the world’s fourth-largest carmaker by volume, signing a 50-50 merger deal that will unite some of the most recognizable automobile brands under one company, from Dodge and Jeep to Maserati, Citroen and Opel.
Fiat Chrysler and Peugeot are joining forces to create the world’s fourth-largest carmaker by volume, signing a 50-50 merger deal that will unite some of the most recognizable automobile brands under one company, from Dodge and Jeep to Maserati, Citroen and Opel.
With their 50-50 merger, Fiat Chrysler and Peugeot will jump from the edge of the world’s top 10 car companies to No. 4 by volume and No. 3 by revenue, passing GM, Ford and Honda: pic.twitter.com/SzTD7fEogG
— Bill Chappell (@publicbill) December 18, 2019
Peugeot’s Groupe PSA CEO Carlos Tavares will be the new company’s CEO, while Fiat Chrysler’s FCA Chairman John Elkann will become its chairman.
