The Fiat Chrysler-PSA mega-merger might provide increase to a carmaking star thumbnail

FIAT CHRYSLER AUTOMOBILES (FCA), an Italian-American carmaker, and PSA Group, the French owner of Citroën and Peugeot, do not like to stay on their shared past. When PSA got Chrysler Europe in 1978 for a small $1 it chose up some struggling British and French marques and a load of financial obligation. On January 4th shareholders of both firms voted to provide it another go, acceding to a mega-merger agreed in2019
Stardust is regretfully lacking from an industry that, along with numerous others, has taken a whipping in the pandemic. But the production of the world’s fifth-largest carmaker by cars produced (see chart) is well set to deal with the impacts of covid-19– and to browse the other difficulties dealing with the vehicle organization.

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