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French carmaker PSA to hold EGM on Jan 4 to approve Fiat merger deal
Fiat Chrysler, Groupe PSA Says Netherlands Authority Approved Prospectus Relating To Admission To Listing, Trading In Europe Of Shares Of FCA
Groupe PSA Announces Successful Consent Sollicitation On PSA-FCA Merger
Peugeot SA is a France-based car manufacturer. It operates through three main segments: Automotive, Automotive Equipment and Finance. The Automotive segment designs, manufactures and sales passenger cars and light commercial vehicles under the Peugeot, Citroen, DS, Opel and Vauxhall brands. The Automotive Equipment segment, corresponding to the Faurecia Group, comprises the interiors, seating (vehicle seats), clean mobility exhaust systems’ technology) and Clarion Electronics (cockpit electronics and low-speed ADAS) businesses. The Finance segment, corresponding to the Banque PSA Finance group, provides retail financing to customers of the Peugeot, Citroen, DS, Opel and Vauxhall brands as well as wholesale financing to the brands' dealer networks. The Company is active worldwide.
Auto & Truck Manufacturers
75 avenue de la Grande Armee
Independent Chairman of the Supervisory Board
Chairman of the Management Board, Member of the Executive Committee
Vice Chairman of the Supervisory Board, Senior Independent Member
Vice Chairman of the Supervisory Board, Permanent Representative of Bpifrance Participations
Vice Chairman of the Supervisory Board, Permanent Representative of Dongfeng Motor (Hong Kong) International Co. Ltd.
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Top shareholders in merging carmakers Fiat Chrysler (FCA) and Peugeot maker PSA have moved to tighten their grip on the combined business and head off any potential hostile bidders.
Fiat Chrysler <FCHA.MI> and PSA <PEUP.PA> shareholders will meet on Jan. 4 to approve their planned merger and create Stellantis, the world's fourth biggest car maker, the two companies said on Wednesday.
The head of Peugeot maker PSA Group expects more consolidation in the auto industry as carmakers invest vast sums to make electric vehicles, he said on Monday, while predicting some wouldn't make it through the coming decade.
Fiat Chrysler <FCHA.MI> and PSA <PEUP.PA> on Monday unveiled the logo of Stellantis - the company resulting from their planned merger - in what the two car makers described as a further step towards the finalisation of the deal.
Fiat Chrysler and Peugeot maker PSA have won a green light from Brazil's competition watchdog for their planned $38 billion merger, the regulator said.
Peugeot maker PSA Group <PEUP.PA> on Thursday said it had raised 308 million euros ($364 million) from selling about 7% of car parts firm Faurecia <EPED.PA> to investors, with proceeds due to be paid out to shareholders after it merges with Fiat Chrysler.
Peugeot manufacturer PSA Group <PEUP.PA> returned to revenue growth in its core autos division in the third quarter, recovering from a slump during coronavirus lockdowns, though the prospect of new restrictions hit French shares on Wednesday.
(This Oct. 26 story has been refiled to clarify plans for Comau in 13th paragraph)
Fiat Chrysler and PSA are set to win EU approval for their $38 billion merger to create the world's No.4 carmaker, people close to the matter said, as they strive to meet the industry's dual challenges of funding cleaner vehicles and the global pandemic.
Renault <RENA.PA> will stop making vans for rival Fiat Chrysler (FCA) <FCHA.MI>, its deputy chief executive Clotilde Delbos said on Friday, as the Italian carmaker finalises a merger agreement with Peugeot-maker PSA Group <PEUP.PA>.
PSA is ending the production of Peugeot and Citroën small city cars, three sources told Reuters, withdrawing from an increasingly unprofitable market as its starts a strategic review ahead of its planned merger with Fiat Chrysler.
Rally co-driver Laura Salvo died after her car crashed during the Rally Vidreiro in Portugal, despite efforts to resuscitate her, and the event was called off as a result.
EU antitrust regulators will decide by Feb. 2 whether to clear Fiat Chrysler (FCA) <FCHA.MI> and French partner PSA's <PEUP.PA> merger, a filing on the European Commission website showed on Thursday.
Peugeot maker PSA <PEUP.PA> has offered to boost Japanese rival Toyota <7203.T> to try to address EU antitrust concerns about its plan to create the world's fourth-biggest carmaker with Fiat Chrysler (FCA), people familiar with the matter said on Friday.
French carmaker PSA <PEUP.PA> has offered to increase the production capacity for Japanese rival Toyota <7203.T> in their joint venture in a bid to win EU antitrust okay for its Fiat <FCHA.MI> deal, people familiar with the matter said on Friday.
Fiat Chrysler and Peugeot maker PSA have offered concessions to address EU antitrust concerns about their plan to create the world's fourth-biggest carmaker, a European Commission filing showed on Friday.
Renault's new Chief Executive Luca de Meo is keen to develop a sportier "crossover" model of the carmaker's popular Megane range, three sources familiar with the plans said, as the loss-making firm aims to roll out more profitable vehicles.
Peugeot maker PSA <PEUP.PA> and Fiat Chrysler (FCA) have restructured the terms of their planned merger to conserve cash, and also stepped up the promised levels of cost cutting during the pandemic.
Shares in Fiat Chrysler (FCA) <FCHA.MI> rose sharply in Milan on Tuesday after the car maker and French partner PSA <PEUP.PA> revised the terms of their merger deal, with FCA's shareholders getting a smaller cash payout but a stake in another business.
Shares in Fiat Chrysler (FCA) rose sharply in Milan on Tuesday after the car maker and French partner PSA revised the terms of their merger deal, with FCA's shareholders getting a smaller cash payout but a stake in another business.
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