Monday, December 6, 2021
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PSA

FCA, PSA Group shareholders approve merger to form ‘Stellantis’

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An early-morning meeting for PSA Group shareholders on Monday has resulted in an overwhelming majority vote to merge with Fiat Chrysler Automobiles. With 99.85% support, the shareholders approved the move to combine with FCA to create the fourth-largest carmaker in the world.  In the deal worth $52 billion US altogether, FCA shareholders also met on Monday at 6:30am […]
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merger

PSA, Fiat Chrysler merger pushing to wrap up by end...

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The merger between PSA Group and Fiat Chrysler Automobiles NV is forging ahead with the goal of completing the transaction by the end of January, according to Bloomberg reports. The landmark deal is of incredible value to the automakers since operating together as newly-named Stellantis will save approximately $6.1 billion US in costs.  A successful merger will establish Stellantis as the […]
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FCA and PSA revise merger due to COVID-19

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Fiat Chrysler and PSA announced plans to amend the merger that will launch Stellantis in 2021.  FCA announced in a press release that the amendments were made to address the liquidity impact on the automotive industry due to COVID-19. The companies plan to preserve the economic value with a 50-50 balance of the combined entity […]
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merger

Everything You Need to Know About the FCA-Renault Merger

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In the latest merger news, Fiat Chrysler Automobiles (FCA) and France’s PSA Group recently announced that they have agreed to a 50/50 merger deal that will aim to save money and boost profits while taking on new technologies. The agreement comes after a failed $35 billion merger between FCA and France-based Renault earlier this year […]
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FCA and Renault

Uncertainty Looms as FCA and Renault Withdraw Merger Plans

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You would probably be justified in calling the failed merger between Italy’s Fiat Chrysler Automobile (FCA) and France’s Renault “eye-opening.” FCA has announced it will be terminating the $35 billion deal because Renault’s board was “unable to take a decision due to the request expressed by the representatives of the French state to postpone the […]
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ELEAD

CDK Global and ELEADONE: The Integration of Companies and Exciting Product...

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The retail auto industry saw some big vendor mergers and acquisitions last year that took center stage at this year’s NADA show in San...