Stellantis: Fiat-Chrysler and Peugeot-Citroen merger set for European approval – UPDATE
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".
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.
Renault to decide on Fiat Chrysler merger by next week - report
Renault could respond to the "transformative merger" offer from Fiat Chrysler (FCA) as early as next week.
Sources have told Reuters the Renault board won't dawdle in deciding whether to accept Fiat Chrysler's offer for a 50/50 merger worth $52.7 billion.
Should the French automaker green light FCA's proposal, it will sign a non-binding agreement and enter formal negotiations on the details of a full merger between the two companies.
Fiat Chrysler teams with Tesla to avoid EU emissions fines
With EU emissions regulations tightening up in the next few years, some automakers have begun to embrace partial or full electrification as a way of avoid hefty fines.
Although Fiat Chrysler (FCA) has announced plans to launch make Maserati a largely electric brand, add plug-in hybrids to its Jeep range, and make the next-generation Fiat 500 fully electric, none of these moves will help much in the short term.