{"id":1116,"date":"2019-12-18T11:05:17","date_gmt":"2019-12-18T16:05:17","guid":{"rendered":"https:\/\/www.autobison.com\/?p=1116"},"modified":"2019-12-18T11:05:17","modified_gmt":"2019-12-18T16:05:17","slug":"peugeot-citroen-opel-and-fiat-chrysler-have-agreed-to-merge","status":"publish","type":"post","link":"https:\/\/www.autobison.com\/2019\/12\/peugeot-citroen-opel-and-fiat-chrysler-have-agreed-to-merge\/","title":{"rendered":"Peugeot\/Citro\u00ebn\/Opel and Fiat\/Chrysler have agreed to merge"},"content":{"rendered":"

The French and Italian-American companies\u2019 boards have agreed to merge, starting a process that will likely take over a year even after shareholders vote. As part of the \u201c50\/50\u201d deal, the Peugeot family may buy more shares, and Dongfeng will turn in a good portion of theirs, to keep ownership balanced. The current major shareholders will face a multi-year freeze on buying more stock.<\/p>\n

\"FCA<\/p>\n

The new company\u2019s name hasn\u2019t been released, and FCA news site Allpar has been speculating on what the possible names might be<\/a>. PSA is essentially an acronym for P Company (P for Peugeot), while FCA stands for Fiat Chrysler Automobiles, representing the names of the two companies which merged a few years ago. Regardless, the new company will be officially based in the Netherlands, though little business is likely to be done there. Stock will be traded in each of the three major headquarters\u2019 countries.<\/p>\n

FCA is likely to drop their small and compact\/midsize platforms in favor of Peugeot\u2019s, which are newer; sales are nearly evenly split at the moment between Europe and North America, with the rest of the world accounting for around a tenth of the combined company\u2019s overall sales. Even in Europe, Peugeot and Fiat don\u2019t directly compete as much as one would think.<\/p>\n

PSA stock will be worth 1.742 shares of the new company, and FCA stock will trade evenly, share for share. The board will be evenly split. The chair of the board is coming from FCA, while the CEO is coming from Peugeot.<\/p>\n

 <\/p>\n","protected":false},"excerpt":{"rendered":"

The French and Italian-American companies\u2019 boards have agreed to merge, starting a process that will likely take over a year even after shareholders vote. As part of the \u201c50\/50\u201d deal, the Peugeot family may buy more shares, and Dongfeng will turn in a good portion of theirs, to keep ownership balanced. The current major shareholders […]<\/p>\n","protected":false},"author":1,"featured_media":1117,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":[],"categories":[9,2],"tags":[],"jetpack_featured_media_url":"https:\/\/www.autobison.com\/wp-content\/uploads\/2019\/12\/carlos-and-mike.jpg","_links":{"self":[{"href":"https:\/\/www.autobison.com\/wp-json\/wp\/v2\/posts\/1116"}],"collection":[{"href":"https:\/\/www.autobison.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.autobison.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.autobison.com\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.autobison.com\/wp-json\/wp\/v2\/comments?post=1116"}],"version-history":[{"count":1,"href":"https:\/\/www.autobison.com\/wp-json\/wp\/v2\/posts\/1116\/revisions"}],"predecessor-version":[{"id":1118,"href":"https:\/\/www.autobison.com\/wp-json\/wp\/v2\/posts\/1116\/revisions\/1118"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.autobison.com\/wp-json\/wp\/v2\/media\/1117"}],"wp:attachment":[{"href":"https:\/\/www.autobison.com\/wp-json\/wp\/v2\/media?parent=1116"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.autobison.com\/wp-json\/wp\/v2\/categories?post=1116"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.autobison.com\/wp-json\/wp\/v2\/tags?post=1116"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}