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    Fiat Chrysler Automobiles and Peugeot agree to merge

    19 Dec 2019
    19 Dec 2019
    Fiat Chrysler Automobiles and Peugeot have signed a binding Combination Agreement providing for a 50/50 merger of their businesses to create the fourth-largest global automotive OEM by volume and third-largest by revenue.

    The combined company will have annual unit sales of 8,7 million vehicles, with revenues of nearly €170 billion, recurring operating profit of over €11 billion and an operating profit margin of 6,6%, all on a simple aggregated basis of 2018 results.

    Carlos Tavares, chairman of the Managing Board of Groupe PSA and Mike Manley, CEO of FCA, signing a binding Combination Agreement.<p>Source: Source:
    Carlos Tavares, chairman of the Managing Board of Groupe PSA and Mike Manley, CEO of FCA, signing a binding Combination Agreement.

    Source: Source: www.quickpic.co.za

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    Source: Double Apex

    Double Apex is a web portal aimed at automotive enthusiasts. The site features a wide variety of motoring content that includes news, car reviews, motorsport and a range of videos encompassing various aspects of the auto enthusiast landscape

    Go to: https://doubleapex.co.za/
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