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Fiat Chrysler and Peugeot merger could be signed before Christmas - reports
News
27th Nov 2019
2 min read

Fiat Chrysler and Peugeot merger could be signed before Christmas - reports

The next step in the proposed US$50 billion ($73.5 billion) merger of Fiat Chrysler (FCA) and the PSA Group could be complete by the end of 2019. According to internal emails seen by Reuters and Automotive News, the PSA Group and FCA have formed multiple working groups to come up with a legally-binding memorandum of understanding (MOU) for the merger.
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Derek Fung
Japanese government may have helped to kill Renault, Fiat Chrysler merger - report
News
24th Jun 2019
1 min read

Japanese government may have helped to kill Renault, Fiat Chrysler merger - report

Japanese worries about the proposed merger's effects on the 20-year old Renault and Nissan alliance may have scuppered the proposed US$35 billion ($51 billion) merger between Renault and Fiat Chrysler (FCA). Sources have told Bloomberg Japanese officials informed their French counterparts about fears the proposed Fiat Chrysler and Renault merger could harm Nissan.
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Derek Fung
Ram chief sues Fiat Chrysler for making him a 'scapegoat'
News
9th Jun 2019
2 min read

Ram chief sues Fiat Chrysler for making him a 'scapegoat'

According to his lawsuit, Reid Bigland, head of US sales for Fiat Chrysler (FCA) and chief of the Ram brand, says he has been cooperating with a Securities and Exchange Commission (SEC) investigation into the company's sales reporting practices, including allegations it had wrongfully inflated numbers.
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Derek Fung
Fiat Chrysler turned down Peugeot's merger offer - report
News
24th Mar 2019
2 min read

Fiat Chrysler turned down Peugeot's merger offer - report

The PSA Group reportedly approached Fiat Chrysler (FCA) about a merger as early as this year's Detroit motor show in January, only to be rebuffed by the American-Italian company. Sources have told The Wall Street Journal the offer was rejected by FCA, and talks about a possible combination have not recommenced. According to the paper's sources, senior executives at FCA kiboshed the proposal as it would it lead to the automaker being even more reliant on the European market.
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Derek Fung
Former FCA CEO Sergio Marchionne passes away
News
25th Jul 2018
2 min read

Former FCA CEO Sergio Marchionne passes away

Sergio Marchionne, CEO of Fiat Chrysler (FCA) until last weekend, has passed away after complications arising from surgery. “Unfortunately, what we feared has come to pass. Sergio Marchionne, man and friend, is gone," John Elkann, head of Exor, the holding company for the Agnelli and Elkann families, and largest shareholder in FCA, said in a statement released in the last hour.
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Derek Fung