The Fiat Chrysler-PSA mega-merger may give rise to a carmaking star
The new firm’s boss, Carlos Tavares, has work to do to maintain his stellar track record
FIAT CHRYSLER AUTOMOBILES (FCA), an Italian-American carmaker, and PSA Group, the French owner of Citroën and Peugeot, do not like to dwell on their shared past. When PSA acquired Chrysler Europe in 1978 for a nominal $1 it picked up some struggling British and French marques and a heap of debt. That tie-up crashed a few years later with the demise of Talbot, the brand created from these motoring scraps. On January 4th shareholders of both firms voted to give it another go, acceding to a mega-merger agreed in 2019. Hopes seem higher this time. The name of the combined firm, Stellantis, is derived from the Latin for “brightens with stars”.
This article appeared in the Business section of the print edition under the headline “A Stellantis is born”
Business January 9th 2021
- Deutschland AG continues to pour billions into China
- NYSE boots out Chinese telecoms firms—then it doesn’t, then does
- The Fiat Chrysler-PSA mega-merger may give rise to a carmaking star
- Corporate nuptials are back on
- Energy companies give the Arctic the cold shoulder
- What happens when firms have to stump up for good causes
- The science of networking
- A tech CEO’s guide to taxes
From the January 9th 2021 edition
Discover stories from this section and more in the list of contents
Explore the editionDiscover more
Could seaweed replace plastic packaging?
Companies are experimenting with new ways to reduce plastic waste
Has Sequoia Capital outgrown its business model?
Venture capital’s hardiest perennial gets back to its roots
On stupid rules and quick wins
Why every boss can benefit from asking employees what most infuriates them
TikTok wants Western consumers to shop like the Chinese
It still has some convincing to do
Will the trouble ever end for Volkswagen and its rivals?
From strikes to Trump tariffs, calamities abound
After Northvolt’s failure, who will make Europe’s EV batteries?
The continent looks ever more reliant on Asian producers