A merger between Fiat Chrysler and Peugeot maker PSA to create the world's fourth largest carmaker is the best way for the two companies to weather the coronavirus crisis, the Italian-American group's chairman said on Friday.
Echoing similar comments from PSA Chief Executive Carlos Tavares on Thursday, FCA Chairman John Elkann told shareholders the COVID-19 crisis had not delayed plans to finalize the tie-up by the first quarter of next year.
Fiat Chrysler Automobiles assembly workers produce protective masks, amid the spread of the coronavirus disease , at the Assembly Plant in Betim near Belo Horizonte, Brazil, May 20, 2020.and Peugeot maker PSA to create the world's fourth largest carmaker is the best way for the two companies to weather the coronavirus crisis, the Italian-American group's chairman said on Friday.
Tavares, who is due to become the merged group's CEO, said on Thursday he was confident that the merger would proceed as planned and deliver synergies of at least 3.7 billion euros . Manley also said a European Union antitrust probe into the merger was not expected to delay the timetable to completion.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Peugeot CEO confident Fiat Chrysler merger is on trackPSA Chief Executive Carlos Tavares is confident a $50 billion merger of the maker of Peugeot vehicles with Fiat Chrysler (FCA) will proceed as planned and deliver synergies of at least 3.7 billion euros ($4.2 billion).
Read more »
Peugeot CEO confident Fiat Chrysler merger is on trackPSA Chief Executive Carlos Tavares is confident a $50 billion merger of the maker of Peugeot vehicles with Fiat Chrysler (FCA) will proceed as planned and deliver synergies of at least 3.7 billion euros ($4.2 billion).
Read more »
Trump's 'law and order' rhetoric echoes 1960s segregationist George WallaceWATCH: In President Trump's comments on 'anarchists' and 'law and order,” echoes of speeches by segregationist George Wallace. Analysis:
Read more »
Barr claims voting by mail will lead to fraud, 'counterfeiting.' Admits he has zero evidence.AG Barr on Thursday raised concerns that expanding mail-in voting could lead to widespread fraud — but admitted he had no evidence to support his claims.
Read more »
Aston Martin turns to stock offering to bolster capitalAston Martin said on Friday it would issue new shares worth up to 20% of its existing equity capital as the luxury carmaker seeks additional funds to ride out the coronavirus crisis.
Read more »
Barr says, without citing evidence, that an election done predominantly by mail would not be secureAttorney General William Barr's comments come as public health experts in President Trump's own administration have encouraged voting by mail due to the coronavirus pandemic, and in the absence of any evidence of widespread or rampant fraud in US elections
Read more »