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Fiat Chrysler Automobiles (FCA) is ready to become the world’s fourth-largest automotive company very soon. The merger FCA has been looking for all of 2019, they will finally gain in the French merging partner Peugeot aka PSA Groupe. The French-owned PSA Groupe is expected to sign a binding merger agreement before the end of 2019 and both sides have told more than 50 people inside their companies they will indeed sign on the dotted line. This is a deal that FCA CEO Mike Manley has been waiting for to enhance their brand worldwide while adding a company that can increase their ability to create modern electric vehicles.
Everything Going Into This 50/50 Merger
There were nine working groups that have worked to create this 50/50 merger. The FCA Group Treasurer and Global Head of Business Development David Ostermann and PSA Executive Vice President Program and Strategy Olivier Bourges are leading the charge to finalize this agreement. The on-going conversation that remains before the final agreement is made involves going over the rules made by the European Union fuel efficiency rules and how to overcome them, potential changes for shareholders and the little details that go on when any merger happens. Shareholders for both companies include the French and Italian governments, Chinese shareholders and the Agnelli and Peugeot families. Since this is a 50/50 merger, a new name for the company might become possible.
The Future For FCA
The growth FCA will be able to gain with a merger of this magnitude is not going unnoticed. In fact, rival brands are taking notice and trying to disparate this merger from happening. However, the truth is FCA will be able to sign on with Peugeot without any hesitance from their end in regards to where FCA stands. Though Fiat Chrysler Automobiles did not work out a deal earlier this year with Renault, another French automotive company, that merger was put on hold and FCA found a new partner in PSA Groupe. PSA Groupe would not have gotten this far into talks if they didn’t believe this merger would be possible. Looking ahead to what this will mean for NowCar, we will see the result of this merger early in the next decade with wonderful technology added in the fan-favorite brands like Jeep, Ram, Dodge and the other brands that FCA controls. Looking forward to driving one of these brands owned by FCA today? We have them at NowCar.
Find the Vehicle You’ve Always Wanted With NowCar
For those customers searching for a new vehicle, but haven’t found it in person, NowCar is the place for you. Can’t find the right specifications you were hoping to discover at the local dealership? That’s where NowCar can help. For those looking for a rewarding, hassle-free experience, that’s exactly how NowCar excels over traditional car dealerships. Let us be your total vehicle guide for anything you’re hoping to drive. You are not limited to a simple inventory lot at one location as we can assist you along the way to gain the vehicle you’ve always wanted.
We hope you talk to us on social media and let us know what you think about the upcoming merger or any of the FCA vehicles we sell. For any needs you currently have about buying your new vehicle, we can help at NowCar. Simply visit our website to search and build what vehicle you want directly from the comfort of your computer, phone or tablet. It’s never been easier to buy a new vehicle than today, with NowCar!