Peugeot Group is technically buying out Fiat-Chrysler, according to Stellantis agreement fine print
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Peugeot Group is technically buying out the Fiat-Chrysler Group – not merging with it, as was previously reported – according to fine print analysis of the Stellantis agreement.
Stellantis is the name given to the new company which comprises all Peugeot Group (PSA) and Fiat-Chrysler Group (FCA) brands.
The contract shows that, for accounting purposes at least, the identification of an "acquirer and acquiree" was necessary in the arrangement.
Union warns against restarting US car production, says masks are not enough to protect from COVID-19
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Detroit’s United Auto Workers union (UAW) has warned against restarting US car production during the COVID-19 pandemic, claiming there is not enough evidence to ensure worker safety and that face masks may be ineffective.
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