After weeks of rumours, deliberation and probably paperwork, the merger of Groupe PSA ( French Multinational Automobile Manufacturer) and FCA (Fiat Chrysler Automobile) has finally been officially announced.
This coalition makes the group the fourth largest global automaker by volume and third by revenue. Signed as 50:50 deal, the merger was cited to help minimise manufacturing cost of both groups.
PSA CEO, Carlos Tavares will lead the group as CEO while FCA chairman, John Elkann will continue his role chairman.
Here is the list of brands under the group.
- Alfa Romeo
- DS Automobiles