Stellantis: Fiat-Chrysler and Peugeot-Citroen merger set for European approval – UPDATE
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UPDATE, November 10, 2020: Today, the merged Fiat Chrysler and PSA Groupe (Peugeot Citroen) companies have revealed the final version of their Stellantis logo.
In its finished form, the logo adds a dotted starburst device to the A of the Stellantis wordmark revealed in July – reflecting the Latin term 'stello'; "to brighten with stars".
Nissan to halt production at Japanese plant due to coronavirus
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Japanese automaker Nissan has been forced to temporarily cease production over two days at its plant in Kyushu as a result of parts shortages caused by the widespread coronavirus epidemic.
UPDATE (11/02/20): We've updated this story with a statement from Nissan below.
"Due to supply shortages of parts from China, Nissan Kyushu in Japan will carry out temporary production adjustments on February 14 and 17," a Nissan spokesperson said.
First FCA model to use compact Peugeot platform could be Alfa Romeo SUV
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The Alfa Romeo Tonale compact crossover could be built on the same platform as the Peugeot 208, thanks to the recently-signed merger between Fiat Chrysler and Peugeot Citroen.
According to Automotive News Europe, the first Fiat Chrysler model based on the CMP chassis used in the new-generation Peugeot 208 city hatchback could be a small Alfa Romeo crossover.
Fiat Chrysler in merger talks with Peugeot - report
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There are reportedly high-level talks regarding a merger of Fiat Chrysler (FCA) and the PSA Group, which could create a new automaker valued at around US$50 billion ($73 billion).
Sources have told the Wall Street Journal the two parties are discussing an all-share transaction.
Should such a deal occur, PSA CEO Carlos Tavares would lead the newly merged automaker, while John Elkann, and head of the Agnelli family which holds a controlling stake in FCA, would become its chairman.
Renault could reduce Nissan stake to revive Fiat Chrysler merger - report
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Renault and Nissan are reportedly in talks to rebalance their alliance with the aim of restarting Renault's proposed merger with Fiat Chrysler (FCA).
Sources have told The Wall Street Journal about the discussions, which centre around plans to reduce Renault's 43.4 per cent shareholding in Nissan.
Any reduction in Renault's Nissan stake would require the approval of the French government, which holds a 15 per cent share and supersized voting rights in the French automaker.