Platform Watch: With Merger Pact, Fiat Chrysler Looks Forward to PSA Underpinnings

In the binding merger agreement signed Wednesday, Fiat Chrysler and PSA Group claim platform and technology sharing will account for 40 percent of the combined entity’s annual cost savings.

While the agreement made passing mention of two pieces of PSA architecture — platforms that will one day make up a full two-thirds of the merged company’s volume — nothing more was said of that particular plan. Still, it’s something worth talking about.

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'I Do': Fiat Chrysler, PSA Sign Binding Merger Agreement

Regulatory and shareholder approvals will take some time, but the pending merger between Fiat Chrysler and France’s PSA Group is now chiseled in stone. The two automakers signed a binding combination agreement on Wednesday, positioning their respective companies for a 50:50 tie-up and the creation of the world’s third-largest automaker (by revenue).

Going by sales would make it the fourth-largest.

The move comes after the French government, which owns 12 percent of PSA, gave the deal ther green light, with the Peugeot family offering its own thumbs-up.

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Report: Fiat Chrysler, PSA on Cusp of Binding Merger Pact

Italian-American auto giant Fiat Chrysler and French automaker PSA Group could sign a Memorandum of Understanding on Wednesday, if reports out of Europe prove true.

The two automakers embarked down the road to a 50:50 tie-up in October, with both partners aiming for an MoU before the end of the calendar year. This most recent report comes on the heels of various thumbs-up given by key players in the pending marriage.

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FCA's Manley to Helm European Automobile Manufacturers' Association

The Board of Directors of the European Automobile Manufacturers’ Association (ACEA) has elected Michael “Mike” Manley, CEO of Fiat Chrysler Automobiles, as its new leader. Tapped to replace PSA Group CEO Carlos Tavares as chairman on January 1st, Manley is currently engaging in some mobility related foreplay to get us hot and bothered.

“As an industry we want to take the lead in transforming mobility in a way that puts the consumer first, but also enables us to remain globally competitive and resilient,” Manley said in a prepared statement.

Meanwhile, the ACEA’s stated priorities for the coming year revolve around “developing a pathway for the transition to carbon-neutral road transport, while ensuring the economic sustainability of the European auto sector.” Presumably, those are goals shared by the English businessman who’ll be taking the reins in 2020 — but he’ll have to manage environmental progress with market realities while doing so.

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QOTD: Alfa Romeo's Time Come Due?

An article posted yesterday on these renowned pages really got me thinking about how certain brands seem to not have much of a future in the automotive landscape of 2020 — and beyond. If you didn’t click the link there, you may be wondering which brand I’m presently speaking of. It is of course Alfa Romeo.

Let’s do some Italian-style pondering.

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FCA, PSA to Employees: Merger Deal Is Just Weeks Away

Undaunted by General Motors’ racketeering lawsuit, Fiat Chrysler and partner Groupe PSA have told employees that the tentative $50 billion merger they agreed on last month will kick off in earnest in a matter of weeks.

The two automakers imply a binding agreement will be signed before year’s end — right on schedule.

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French Unions Give FCA-PSA Merger a Tentative Thumbs-up

There’s a ways to go before Fiat Chrysler and France’s Groupe PSA officially slip the ring onto the other’s finger, but the engagement seems strong. Stronger, in fact, now that a majority of labor unions representing PSA workers have voiced approval for the proposed merger.

As the wedding day approaches, European labor bosses promise to dig through any and all agreements, searching for any clause or decision that might hurt their members.

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Brand Cull? Tavares Claims PSA-FCA Merger Won't Lead to Bloodbath

There may still be a chance for a new Fifth Avenue. Carlos Tavares, CEO of France’s PSA Groupe and head of a future combined entity, claims the looming merger between his company and Fiat Chrysler will not leave dead brands scattered across the landscape.

There’ll still be a role for such flagging brands as, well, Fiat and Chrysler, the executive implied. It’s not hard to see how rumors of a brand cull could get started, considering this merger is all about finding efficiencies.

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QOTD: Failure to Launch?

On Friday, our fancy-pants Associate Ed asked what you’d like to see out of a FCA-PSA shotgun nuptial. The answers were varied as they were predictable: 208 GTI, Panda, and the like.

Alert readers with long memories will certainly be quick, and correct, to point out this is hardly the first time Chrysler has gotten into bed with someone from France. Today, we ask you: what product couldah been a contendah the last time Franco-American relations were undertaken?

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QOTD: Chrysler-Jeep-Dodge-Ram-Dream Fodder?

As you learned yesterday, Fiat Chrysler and France’s Groupe PSA have agreed on a merger plan, paving the way for the creation of the world’s fourth-largest automaker. FCA boss Mike Manley calls it a “compelling” opportunity. PSA chief Carlos Tavares claims it heralds a “bright future” for the combined entity.

Renault is left wondering what could have been.

Should the marriage come to pass, it opens up an opportunity for North American buyers to have greater access to a range of French cars, not to mention models built by the formerly GM-owned Opel. What would you like to see at your local Chrysler-Jeep-Dodge-Ram dealer?

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PSA Group, Always on the Prowl, Has One Eye on Jaguar Land Rover

There’s always that one guy who says, “If you ever getting around to selling that thing, call me first.” Usually, this statement is directed at a classic car that spends more time collecting dust than miles. In PSA Group’s case, the message involves another automaker.

The French automaker, which hit Geneva last month looking for love, apparently has an interest in the struggling Jaguar Land Rover.

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Report: No Merger, but That Doesn't Mean PSA and Fiat Chrysler Aren't Planning a New Partnership

Like characters on a long-running TV show, PSA Group and Fiat Chrysler remain the topic of intense speculation as to when they’ll hook up. There’s been romance in the past, including that time in 2007 when they spent the night and walked away with a series of jointly-developed small vans. The children’s names were Peugeot Bipper, Citroen Nemo and Fiat Fiorino. Only the latter survives to this day.

In the large van segment, FCA builds the Fiat Ducato, Peugeot Boxer, and Citroen Jumper at its Italian Sevel Sud plant, with production recently extended through 2023. Thanks to PSA’s acquisition of GM’s European operations, Opel and Vauxhall-badged vans will soon roll from the FCA factory.

As rumors of a kiboshed merger deal swirl (FCA’s controlling family reportedly didn’t approve of the marriage), a new report claims there’s another limited partnership in the works.

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Rare Rides: A Very Brown Talbot Tagora From 1982

Today’s Rare Ride is the European luxury sedan you’ve never heard of. Plush, brown, and boxy, it’s the Talbot Tagora from 1982.

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Take Two: PSA Group Confirms Peugeot's Return to U.S.

Twenty-eight years after limping out of the U.S. marketplace, news comes of Peugeot’s impending return. While we’ve known for nearly three years that a newly invigorated PSA Group plans to slowly increase its presence in North America, ultimately offering French cars for retail sale, until Monday the exact brand at the forefront of the plan remained a mystery.

Wonder no more. The last French brand offered for sale in North America will be the next one offered for sale.

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Fiat Chrysler, JLR, Renault, Nissan, PSA Under Possible Antitrust Investigation

The European Commission is said to be investigating several automotive companies over possible antitrust violations relating to the sale of auto parts. According to Germany’s Der Spiegel, Renault, Nissan, PSA, Jaguar Land Rover and Fiat Chrysler Automobiles have all been placed under government scrutiny for possible price fixing. The report claims the manufacturers may have colluded to elevate the value of certain auto parts by as much as 25 percent.

Assuming the report is accurate, that would make this the EU’s second major automotive cartel investigation in the last two years.

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  • Rochester "better than Vinfast" is a pretty low bar.
  • TheMrFreeze That new Ferrari looks nice but other than that, nothing.And VW having to put an air-cooled Beetle in its display to try and make the ID.Buzz look cool makes this classic VW owner sad 😢
  • Wolfwagen Is it me or have auto shows just turned to meh? To me, there isn't much excitement anymore. it's like we have hit a second malaise era. Every new vehicle is some cookie-cutter CUV. No cutting-edge designs. No talk of any great powertrains, or technological achievements. It's sort of expected with the push to EVs but there is no news on that front either. No new battery tech, no new charging tech. Nothing.
  • CanadaCraig You can just imagine how quickly the tires are going to wear out on a 5,800 lbs AWD 2024 Dodge Charger.
  • Luke42 I tried FSD for a month in December 2022 on my Model Y and wasn’t impressed.The building-blocks were amazing but sum of the all of those amazing parts was about as useful as Honda Sensing in terms of reducing the driver’s workload.I have a list of fixes I need to see in Autopilot before I blow another $200 renting FSD. But I will try it for free for a month.I would love it if FSD v12 lived up to the hype and my mind were changed. But I have no reason to believe I might be wrong at this point, based on the reviews I’ve read so far. [shrug]. I’m sure I’ll have more to say about it once I get to test it.