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  • Drew Dowdell
    Drew Dowdell

    FCA and PSA are in Merger Talks

      ...It was only a matter of time till another suitor came along...

    According to a report in the Wall Street Journal, Fiat Chrysler Automobiles and PSA are in merger talks.  This after the failed merger negotiations last spring between FCA and Renault.   The merger is reportedly an all-share merger of equals with PSA CEO Carlos Tavares at the helm as CEO and FCA Chairman John Elkann retaining his position in the new company. 

    The "talks are fluid" and the paper reported that "no guarantee that any final agreement will be reached".

    FCA had previously turned down a merger offer from PSA back in March.  PSA is still digesting their acquisition of Opel from General Motors.

    Source: Automotive News (Subscription Required)

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    And yet people complain when a perfectly good platform like the LX is still around, being competitive.

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    8- 10 years is fine seemed to me like it was the same everything since 2005 and PSAFCA, if that's what they are going to call the new conglomerate, will drop the LX and build the same old 300 on the Giorgio platform like the new Chally and Charger will be on. I'm betting Chrysler will eventually get the axe along with Fiat and Alfa here in the U.S. Seems like PSAFCAXYZ 😜 will need to cut the fat being that all 3 makes pull from the Corp. coffers.

    I really don't think we need anymore auto makes in this country, seems to be getting a little out of hand. Do we really want Peugeot back here?! 🙄 

    Edited by USA-1

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    19 minutes ago, USA-1 said:

    8- 10 years is fine seemed to me like it was the same everything since 2005 and PSAFCA, if that's what they are going to call the new conglomerate, will drop the LX and build the same old 300 on the Giorgio platform like the new Chally and Charger will be on. I'm betting Chrysler will eventually get the axe along with Fiat and Alfa here in the U.S. Seems like PSAFCAXYZ 😜 will need to cut the fat being that all 3 makes pull from the Corp. coffers.

    I really don't think we need anymore auto makes in this country, seems to be getting a little out of hand. Do we really want Peugeot back here?! 🙄 

    Sounds like they don't plan to kill any of the brands. Good news for Dodge and Chrysler I guess. 

     

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    13 minutes ago, Drew Dowdell said:

    Sounds like they don't plan to kill any of the brands. Good news for Dodge and Chrysler I guess. 

     

    I just got done reading the same in an Auto News article. Sounds like Carlos is just trying to keep all the investors happy. No extra immediate shock waves with the merger etc...

    Edited by USA-1

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