Peugeot maker approached Fiat Chrysler about forming a $45 billion industry behemoth that would reposition their businesses in the U.S. and Europe
MILAN—Peugeot maker PSA Group approached Fiat Chrysler Automobiles NV earlier this year about combining the two car makers, according to people familiar with the matter, proposing to form a $45 billion industry behemoth that would reposition their businesses in the U.S. and Europe.
Fiat Chrysler rebuffed the overture, as it had previous ones by the French car maker, according to these people. Those approaches haven’t been previously disclosed.
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.
Fiat Chrysler gains after Peugeot president points to merger potentialThe president of Peugeot family holding company FFP says he would support a new deal and suggested Fiat Chrysler was among the options.
Read more »
Fiat Chrysler revs up as Peugeot points to merger potentialFiat Chrysler shares jumped on Tuesday to the top of Europe's STOXX 600 aft...
Read more »
Noose hung at Fiat Chrysler plantFiat Chrysler called in outside investigators after a noose was found last month hanging inside a Ram truck plant in Michigan, the company tells CNN
Read more »
Noose found in Michigan Ram truck plant, Fiat Chrysler Says it will fire perpetrator once they are identifiedFiat Chrysler says if and when the perpetrator is caught, they will be terminated.
Read more »
Former High-Ranking Union Official Charged in Corruption Probe at Fiat ChryslerA former vice president for the United Auto Workers union was charged Monday with allegedly receiving tens of thousands of dollars in illegal payments from Fiat Chrysler Automobiles NV executives, according to federal prosecutors—the latest in a widening probe into allegations of corruption in the union’s top ranks.
Read more »
From California to Oslo: foreign subsidies fuel Norway's e-car boom, for nowOn the outskirts of Oslo, a row of Fiat 500es imported from California stand par...
Read more »
Maserati, Fiat Chrysler’s Crown Jewel, Has Lost Its ShineMaserati was meant to provide the sizzle in Fiat Chrysler Automobiles’ brand lineup after the company spun off Ferrari in 2016. But weakening demand in China, a key market, and a consumer shift away from sedans are denting the luxury brand’s performance.
Read more »
Fiat is struggling in the US. Is the Italian brand ready to pull the plug on America, again?After pulling out of the American market in the early 1990s due to poor sales, Fiat staged a comeback in 2011. Despite grand expectations, a number of analysts are questioning the flagship brand's long-term viability in the U.S.
Read more »
Fiat Chrysler gains after Peugeot president points to merger potentialThe president of Peugeot family holding company FFP says he would support a new deal and suggested Fiat Chrysler was among the options.
Read more »