Image default
Greek News

Fiat Chrysler and Peugeot agree on colossal merger

Fiat Chrysler and French PSA, the owner Peugeot, have agreed on a merger that would form one of the largest carmakers in the global industry. The two companies are estimated to create a combined output of revenues of €170bn. The deal is expected to be finalised in the next 12-15 months.

The deal is expected to reshape the automotive industry amidst an era of change, with increasing spending demanded to adapt to a shift to electric vehicles and self-driving systems.

The two companies announced they had signed a binding “combination agreement” for a tie-up that would result in an “industry leader” with greater scale and ability to invest in new technologies. The shareholders of each group would have 50 per cent ownership in the newly established company.

 

Σχετικα αρθρα

Greek Finance Minister: Greece to submit priorities for Recovery Fund allocations in October

admin

“There is a special symbolism if investments in Greece are also made by Greeks”

admin

Private hospitals and hotels to receive €40m in compensation in coronavirus crisis

admin

Greek shipowners outspend the Chinese paying $ 2.5 billion for ship acquisition

admin

US online market offers great opportunities to Greek specialty food exporters

admin

Draghi: Greece to be in QE if progress continues

admin

Greek government plans flexible working hours and telework to battle coronavirus

admin

Greek current account deficit widened in January-February

admin

The World’s Biggest Arms-Producing Companies (infographic)

admin

Athens Stock Exchange opening: Recovery

admin

The Economist backs calls for Greek primary surplus targets to be lowered

admin

The European countries with the most millionaire bankers (infographic)

admin

Is Working From Home a Privilege? (infographic)

admin

Greece looks to France for post-bailout investment drive

admin

Greece has the worst unemployment rate in EU28 for degree holders

admin

Greece: State raises € 3 billion via new ten-year bond

admin

Mitsotakis at SETE Assembly: We will not hesitate to take support measures in July

admin

Coronavirus closure of stores extended to April 11

admin