FCA And PSA Have Agreed A Full Merger

The makers of Citroens and Peugeots, fresh from buying Opel and Vauxhall from General Motors, have agreed to merge with Fiat Chrysler
FCA And PSA Have Agreed A Full Merger

PSA, which makes Citroen, Peugeot, DS, Opel and Vauxhall cars, has agreed a merger with Fiat Chrysler Automobiles in a move that will raise eyebrows to hairlines all over the industry.

The move means that, once the marriage is complete, Maserati will once again be under the same roof as Citroen, raising all sorts of exotic possibilities. A couple of months ago we imagined some of the possible cars we’d love to see from the then-rumoured merger, but now some of them really might become a reality.

Vastly improved Alfa Romeos are key to the merged groups's future
Vastly improved Alfa Romeos are key to the merged groups's future

Combining the two groups will create the world’s fourth-largest car-maker by volume and the third-largest by revenue, according to a press release that announced the merger. Annual joint sales are in the region of 8.7 million cars, with revenues of almost €170 billion (£144.4bn).

The move is estimated to lead to €3.7 billion (£3.14bn) in savings without closing any factories. The bean-counters say the aligned brands will be making a profit from year one, securing the brands and the hundreds of thousands of employees who work for them.

FCA And PSA Have Agreed A Full Merger

Carlos Tavares, current big cheese at PSA, will be Group CEO of the new goliath. It’s a seriously aggressive move for a company that has only recently acquired another major brand and paints an interesting picture for how each brand is going to differentiate itself over the coming years. Tavares said:

“Our merger is a huge opportunity to take a stronger position in the auto industry as we seek to master the transition to a world of clean, safe and sustainable mobility and to provide our customers with world-class products, technology and services.

“I have every confidence that with their immense talent and their collaborative mindset, our teams will succeed in delivering maximized performance with vigour and enthusiasm.”

The full list of car brands that will become aligned as part of the merger is as follows:

  • Peugeot
  • Citroen
  • DS
  • Opel
  • Vauxhall
  • Fiat
  • Jeep
  • Alfa Romeo
  • Dodge
  • Chrysler
  • Abarth
  • Lancia
  • Maserati
  • Ram

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Comments

Jeremy S.

Woah…

12/18/2019 - 12:24 |
0 | 0
🎺🎺thank mr skeltal

So the GM E2 body is now both a Chevy and a Mopar? The Opel Insignia and the Vauxhall of the same name are PSA vehicles, but the Buick Regal and Holden Commodore are both GM.

12/18/2019 - 12:38 |
9 | 0

The Regal and Commodore are cancelled after 2020 or 2021

12/19/2019 - 06:01 |
2 | 0
Miru

Merger from hell itself

12/18/2019 - 12:46 |
7 | 0
Mr.Roberts

Suddenly i hate being a Chrysler tech even more, didnt even know that was possible

12/18/2019 - 13:13 |
4 | 0
Anonymous

Wait, so Ferrari is now connected with Opel, right?

12/18/2019 - 13:48 |
3 | 0
Anonymous

In reply to by Anonymous (not verified)

I think Ferrari has been independent from fiat for a couple of years

12/18/2019 - 16:26 |
3 | 0
Mr.Roberts

In reply to by Anonymous (not verified)

I think they split after the Fiat LaFiat was produced

12/18/2019 - 18:34 |
3 | 0
RWB Dude

I don’t know how I feel about this yet

12/18/2019 - 14:11 |
3 | 0
Matthew Boxberger

So does the unreliability double or cancel out?

12/18/2019 - 14:36 |
62 | 0

Where Chrysler is involved it Quadruples.

12/18/2019 - 17:02 |
17 | 0

It’s unreliability squared

12/19/2019 - 03:57 |
7 | 0
Ethan Burrell

Looking forward to the new Corsa Demon

12/18/2019 - 19:20 |
29 | 0
EJ22 (A&P Performance co-owner)

Where did the article about the 2 Megane’s go?
Also, what about the one about winter driving the Lamborghini?

12/18/2019 - 20:47 |
1 | 0
Anonymous

i just want to be able to buy some american muscle here in europe

12/19/2019 - 02:57 |
6 | 0
5:19.55

In reply to by Anonymous (not verified)

US might get EU hatchback

12/20/2019 - 15:45 |
1 | 0