FiatChryslerOpelPeugeotCitroenMicrosoftSunocoCambe llsSoup, etc. Merger
OpelGT.com is the premier Opel GT Forum on the internet. Registered Users do not see the above ads.
Thanks Thanks:  0
Likes Likes:  0
Dislikes Dislikes:  0
Results 1 to 8 of 8
Like Tree5Likes
  • 2 Post By
  • 2 Post By okieopel
  • 1 Post By slracer

Thread: FiatChryslerOpelPeugeotCitroenMicrosoftSunocoCambe llsSoup, etc. Merger

  1. #1
    Just Some Dude in Jersey The Scifi Guy's Avatar
    Join Date
    Nov 2007
    Location
    Cöllingswööd, NJ
    Posts
    13,335
    Real Name
    Gördö
    Downloads
    6
    Uploads
    0

    FiatChryslerOpelPeugeotCitroenMicrosoftSunocoCambe llsSoup, etc. Merger

    https://jalopnik.com/fiat-chrysler-a...b5g5Kk2StgIjkc


    <<< Fiat Chrysler and Peugeot Citroën Agree To Merge: Wall Street Journal
    David Tracy
    Today 3:30PM


    The Wall Street Journal recently reported that Fiat Chrysler was in merger talks with France’s Groupe PSA, which owns Peugeot, Citröen, DS, and other car brands somehow including Opel. Now the news site reports that, per its sources, the two automakers have come to a merger agreement.

    We don’t know much yet, all we know is what’s in the Wall Street Journal’s updated headline, which now reads: “Fiat Chrysler and Peugeot Owner PSA Agree to Merge.” The first line of that story states:

    *Fiat Chrysler and Peugeot PUGOY +2.94% Owner PSA Agree to Merge — Sources

    The story has been updated with more information, reading:

    Fiat Chrysler Automobiles FCAU +6.82% NV and Peugeot PUGOY +2.63% maker PSA Group of France have agreed on the terms of a merger that, if approved by both boards, would create the world’s fourth-largest auto maker by volume with a market value of more than $48.4 billion, according to people familiar with the situation.

    Peugeot’s board approved the deal on Wednesday. Fiat Chrysler’s board meeting was still in progress while the board of Exor, the Agnelli family holding company that controls the Italian-American car maker, was scheduled to meet later on Wednesday night.

    The article goes on to say that Peugeot’s CEO Carlos Tavares would become CEO of the newly-formed, merged company, and FCA chairman John Elkann would become chairman.

    FCA and PSA had officially announced they were in talks together this morning, but nothing new is out since this WSJ update. We’ll update this story as we hear more.

    Fiat Chrysler responded to Jalopnik’s inquiry by saying “We’re not commenting,” and directed us to its statement from this morning, which reads:

    Following recent reports on a possible business combination between Groupe PSA and FCA Group, Fiat Chrysler Automobiles N.V. (“FCA”, NYSE: FCAU /MTA: FCA), confirms there are ongoing discussions aimed at creating one of the world‘s leading mobility Groups. FCA has nothing further to add at this time.

    Groupe PSA responded to Jalopnik’s inquiry saying something similar. “I confirm we have started discussion as per our press release this morning. Beyond this I will not comment,” the email reads from a company representative. That press release, if you’re curious, reads:

    Following recent reports on a possible business combination between Groupe PSA and FCA Group, Groupe PSA confirms there are ongoing discussions aiming at creating one of the world‘s leading automotive Groups.

    This story is being updated.

    David Tracy >>>
    Last edited by The Scifi Guy; 1 Week Ago at 07:23 AM.
      Top

  2. Remove Advertisements
    OpelGT.com
    Advertisements
     

  3. #2
    Member
    Join Date
    Feb 2018
    Location
    Finland
    Posts
    409
    Downloads
    0
    Uploads
    0
    If the merger becomes true, maybe we will, via creative badge engineering, have an Opel Diplomat again, but this time with a Hemi instead of a 327 Chevy.
    Manta Rallier and dpre like this.
      Top

  4. #3
    Solo II is fun in a GT! okieopel's Avatar
    Join Date
    Feb 2003
    Location
    Norman Oklahoma
    Posts
    302
    Real Name
    Dan
    Downloads
    1
    Uploads
    0
    Quote Originally Posted by The Scifi Guy View Post
    https://jalopnik.com/fiat-chrysler-a...b5g5Kk2StgIjkc


    <<< Fiat Chrysler and Peugeot Citroën Agree To Merge: Wall Street Journal
    >>>
    No Soup for you!
    The Scifi Guy and dpre like this.
    Dan
    'okieopel'
    Oklahoma Opel Preservation Society
    O.O.P.S.
      Top

  5. Remove Advertisements
    OpelGT.com
    Advertisements
     

  6. #4
    Member opeljohn's Avatar
    Join Date
    Sep 2003
    Location
    Springfield IL
    Posts
    1,594
    Downloads
    0
    Uploads
    0
    The one article I read on this seems to think that any Opel products that return to the U.S. will wear Chrysler or Jeep badges.
      Top

  7. #5
    Member Dmcbrass's Avatar
    Join Date
    Jan 2004
    Location
    North Creek, NY
    Posts
    1,166
    Real Name
    Doug
    Downloads
    4
    Uploads
    0
    This one of those so called “mergers of equals”. The reality is that they always result in one of the company’s board of directors controlling the new company. I’m betting on Fiat - Chrysler.
      Top

  8. #6
    3000 Post Club Site Supporter P.J. Romano's Avatar
    Join Date
    Aug 2006
    Location
    Goderich, Ontario Canada
    Posts
    3,478
    Real Name
    P.J.
    Downloads
    2
    Uploads
    0

    Peugeot and FCA’s marriage of convenience is doomed to failure

    Old racers never die. They just go bench racing.
      Top

  9. #7
    Opeler SpringGT's Avatar
    Join Date
    Mar 2006
    Location
    Houston, TX
    Posts
    1,297
    Real Name
    Bob
    Downloads
    10
    Uploads
    0
    I don't know which scares me the most, a world in which we all drive French-built cars or one in which we all drive Italian-built cars!
      Top

  10. #8
    2000 Post Club
    Join Date
    Mar 2012
    Location
    Scottsdale, Az
    Posts
    2,444
    Downloads
    2
    Uploads
    0
    Quote Originally Posted by SpringGT View Post
    I don't know which scares me the most, a world in which we all drive French-built cars or one in which we all drive Italian-built cars!
    Either way is still better than a world where all the cars drive us! ... ... ...

    Doug
    SpringGT likes this.
      Top

Bookmarks

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •