Automotive Exports December 2019

Fiat Chrysler confirms
merger talks with
Peugeot
Italian-American carmaker Fiat
Chrysler Automobiles is confirming
that it is in talks with French rival PSA
Peugeot on a tie-up to produce one of
the world’s largest automakers.
The statement didn’t say whether the
talks were aimed at a full merger or
a looser alliance. No further details
were given. Fiat Chrysler has long been
looking for a partner to help shoulder
investments in the capital-heavy
industry.
Talks this year with another French
carmaker, Renault, failed over French
government concerns over the role of
the Japanese partner Nissan.
Fiat Chrysler Automobiles was formed
in 2014 out of a merger of Italian
carmaker Fiat and the American
company Chrysler, which Fiat brought
back from the brink of bankruptcy.
December 2019
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