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Fiat Chrysler Automobiles and PSA Group said that investors had approved their $52 billion merger, and that shares in the new company, named Stellantis, would start trading in two weeks.
Following the news that the shareholders of Peugeot- Citroën (PSA) and Fiat-Chrysler (FCA) have approved the proposed merger to create Stellantis, Mike Vousden, Automotive Analyst at GlobalData, offers his view.
Prosecutors searched Fiat Chrysler Automobiles sites in Germany and Italy as part of an international fraud investigation into potentially illegal emissions cheating defeat devices.
Fiat Chrysler Automobiles has extended production stoppages at its plants in Europe by at least one more week. The automaker’s factories in Italy will remain closed until April 3 to contain the coronavirus pandemic. Originally the plants were due to resume production on March 27
Fiat Chrysler is halting production through March 27 at the majority of its plants in Europe following the coronavirus crisis which is disrupting the economy.
Fiat’s new 500 full-electric car will join the growing number of battery-powered minicars targeting customers in Europe’s cities seeking emissions-free mobility.
Fiat Chrysler Automobiles is restricting access to its European plants following the spread of the coronavirus in northern Italy.
Disruptions to parts production caused by the coronavirus outbreak in China could threaten output at one of Fiat Chrysler Automobiles’ plants in Europe within two to four weeks, CEO Mike Manley said.
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