Exclusive: Jeep to stay in Australia for at least 10 years
US car giant Jeep is in the process of signing its Australian dealer network to 10-year franchise agreements with a commitment the brand is here to stay – despite posting five years in a row in sharp decline and the lowest sales results in 11 years.
Jeep sales in Australia peaked in 2014 – when more than 30,000 cars were reported as sold – but last year the company delivered just 5500 vehicles.
Fiat Chrysler and PSA Group sign binding merger agreement to form $67 billion company
Fiat Chrysler (FCA) and the PSA Group have signed a definitive merger agreement.
The two companies say they will, in time, generate two-thirds of its sales from just two platforms: one for compact cars, and one for compact and mid-size models. Each platform is expected to generate around three million sales per year globally.
General Motors has seven car brands. Volkswagen Group has ten. With the planned merger of Fiat Chrysler Automobiles and Groupe PSA, the two companies will have them beat with a combined stable of thirteen brands.
And according to PSA CEO Carlos Tavares, there are no plans to get rid of any of them.