PARIS/MILAN - Fiat Chrysler and PSA said on Monday that investors had given their blessing to a $52 billion merger to create the world’s fourth largest automaker, and shares in the new company, named Stellantis, would start trading in two weeks.
FCA and PSA said they expected to complete their tie-up on Jan. 16, ahead of an earlier indication which aimed for a closing within the first quarter of this year. FCA Chairman John Elkann, the future chairman of Stellantis, said the new automaker would “play a leading role as the next decade redefines mobility”.
One by one, individual car manufacturers lose identity and merge together. More and more the cars we buy are essentially the same as each other. Only cosmetics change but engines, transmissions & suspensions identical. Beginning of sameness and death of character?
Three shitty auto manufacturers in one? Sweet! 🤦🏻♂️
I want a Peugeot moped. That’s right I live in Florida Moped’s illegal
More consolidation of some of the worst engineering in the car business. They are doomed. See also: Penn Central RR.
The united federation of jalopis
Let us hope for the best, and fear the worst, downsizing, streamlining, how many workers will be kicked out?
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