Fiat Chrysler and PSA Group sign binding merger agreement to form $67 billion company
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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.
Electric vehicles require less maintenance than cars with internal-combustion engines, with fewer fluids to change and fewer moving parts. That’s good news… but not for automakers.
According to the UK's Autocar, PSA Group electric and connected boss, Helen Lees, sees the rise of electric vehicles as being a threat to the automotive industry by virtue of their simplicity.
PSA Group will introduce a battery-electric version of its mid-sized cargo vans, the Peugeot Expert, Citroen Jumpy and Opel/Vauxhall Vivaro.
Automotive News reports the vans, which use PSA’s EMP2 platform, will be available with two different levels of electric range. Base models will have a 50kWh battery with a range of 200km under WLTP standards. An available 75kWh battery will have a range of 300km.
The facelifted Opel Insignia Sports Tourer has been snapped by photographers at the famed Nurburgring circuit in Germany, hinting at what's in store for the Holden Commodore Sportwagon.
Like previous prototypes we've seen recently, the refreshed Insignia/Commodore will don revised designs for the front and rear fascias, with rejigged lighting at both ends and subtle changes to the bumpers.
Peugeot has revealed its latest, littlest SUV and in both internal-combustion and pure-electric form.
Externally, the new 2008 shares its core DNA with the 208 revealed in February. It has the same three-stripe light signature up front, with the same LED streaks extending into the bumper, jewel-like grille detailing and model badge at the front of the bonnet.
