Groupe PSA
History
In May 2019 Fiat Chrysler Automobiles (FCA) announced its intention to seek a merger with Groupe Renault. However, in early June merger talks were suspended, and never resumed. On October 31, 2019 Groupe PSA announced intent to merge with FCA. The merger would be on a 50-50 all stock basis. On 18 December 2019, FCA and PSA announced that they had agreed to the terms of a binding $50 billion merger, expected to be implemented in the next 12 months. The new group will be incorporated in the Netherlands and have John Elkann as Chairman of the Board and Carlos Tavares as CEO.
Groupe PSA-23