Further news has emerged about the merger of Peugeot Citroen (PSA) and Fiat Chrysler (FCA). May 6, according tomedia reports, the FCA has formally issued a “military writ”, promising to complete the merger by early 2021. In terms of automotive brands, PSA Group has well-known brands such as Logo, Citroen, DS, FCA, Fiat, Chrysler, Dodge, Alfa Romeo, Maserati, Ferrari (independent in 2016).
It is reported that in December last year, PSA and FCA have signed a preliminary merger agreement, according to which the two businesses will be merged at a 50:50 ratio.
The combined company will become the world’s fourth-largest automotive group with annual sales of 8.7 million units, generating annual operating efficiency of about 170 billion euros in revenue and operating profits of more than 11 billion euros, generating annual operating synergies of about 3.7 billion euros.
It can be expected that the merger of the two sides will be strong and Volkswagen, Toyota and other auto motive giants to compete against each other, the global automotive market pattern will show a new round of “killing.”