Fiat Chrysler Automobiles and PSA Group have said they will not to close factories if they merge but this promise is likely to come under heavy strain as the combined group would have spare production capacity of almost 6 million vehicles in a slowing autos market.
Following the news that PSA Group and Fiat-Chrysler (FCA) are in discussions to combine operations and create a leading global group; David Leggett, Editor at GlobalData, a leading data and analytics company, offers his view.
Shares in Fiat Chrysler Automobiles and Renault fell sharply in early trading on Thursday after their $35 billion-plus merger plan fell apart only 10 days after being made public, with FCA blaming French politicians.
Fiat Chrysler Automobiles could face billions in euros in fines from the French government if the automaker is found to have committed fraud by cheating on diesel emissions tests, the newspaper Le Monde reported.
Fiat Chrysler Automobiles and Guangzhou Automobile Group are in talks to deepen their tie-up in China, as the world’s largest car market looks to relax some regulations and Guangzhou prepares to sell its Trumpchi brand in the U.S.
Car importing company launched a tender for the chief of the light commercial vehicle division in September 2017. A lot of people were interested in the place, but the brand has not selected anyone yet.
Fiat Chrysler Automobiles (FCA) hired a new director for passenger cars in the Czech Republic and Slovakia this spring. But brand manager Pavel Drábik did not stay for a long time with the Italian brand and left the company in July 2017. Now another country manager is trying his luck.
Serbian Prime Minister Ana Brnabic urged workers at a local Fiat plant to end a strike which has entered its second week, saying the country could face a hit to economic output and jobs if the dispute drags on, the Tanjug news agency reported.
Fiat Chrysler Automobiles denied it has decided to pull its Chrysler brand out of Japan, after the Nikkei reported it was planning to stop selling the U.S. cars in the country as early as next year following years of poor sales.
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