OPINION | Why mergers come at a cost in the car industry

Mergers are nothing new in the car industry. General Motors, long the foremost manufacturer in terms of production figures, came into existence in 1908 as a result of the merger of several companies, including Buick, Oldsmobile, Cadillac and Oakland ...

2022-01-20 12:13:00 AM

Mergers are nothing new in the car industry. General Motors, long the foremost manufacturer in terms of production figures, came into existence in 1908 as a result of the merger of several companies, including Buick, Oldsmobile, Cadillac and Oakland ...

Mergers are nothing new in the car industry. General Motors, long the foremost manufacturer in terms of production figures, came into existence in 1908 as a result of the merger of several companies, including Buick, Oldsmobile, Cadillac and Oakland (later Pontiac)

In the recent past, however, we have witnessed a spate of mergers and takeovers on a global scale. This was clearly induced by spiralling manufacturing costs squeezing the smaller go-it-alone companies, and fierce competition from manufacturers in the Far East. It resulted in some strange corporate buddies meeting across the boardroom table, as illustrated by the following examples.  

The Stellantis corporation was formed in January 2021 as a result of a purported 50-50 merger between Fiat-Chrysler, the Italian-American conglomerate, and the French Peugeot group which included Citroën ever since the latter company was taken over by Peugeot in 1975. Stellantis, headquartered in Amsterdam, is the sixth-largest automaker worldwide, following behind Volkswagen, Toyota, Renault-Nissan-Mitsubishi, General Motors and Hyundai.   

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