Editor\u2019s note: this would dispel any belief that Chrysler was to be rejuvenated with Peugeot vehicles.\u00a0<\/em><\/p>\nA memorandum of understanding will be prepared after the current discussions are finalized in the near future.<\/p>\n
The new company would be the fourth-largest automaker in the world with revenues of nearly $190 billion, based on 2018 results. Operating profit is forecast at about $12.3 billion.<\/p>\n
The merger would save an estimated $4.1 billion based on increased purchasing power and better allocation of resources for product and other investments.<\/p>\n
The companies are not forecasting any savings based on plant closures, a topic that could create some opposition in the U.S. and a lot of opposition in Europe.<\/p>\n
There is no set timetable for the merger. Both companies will need to get approval from shareholders and regulatory authorities.<\/p>\n
No name has yet been announced for the new company, but if it is going to be based on the money and clout each brings to the table, I vote for ChryslerPeugeot, N.V. Of course, if anyone wanted to honor Marchionne, they could name it Chrysler Peugeot Automobiles. CPA, N.V. would be perfect to commemorate a self-proclaimed capital junkie.<\/p>\n","protected":false},"excerpt":{"rendered":"
When he was running Fiat Chrysler Automobiles, Sergio Marchionne\u2019s goal was to merge with another company to build a global automotive powerhouse capable of surviving the changes he saw on the horizon. Somewhere, Marchionne\u2019s spirit is smiling: the merger of Fiat Chrysler Automobiles N.V. and PSA Group is a \u201cgo.\u201d According to a press released […]<\/p>\n","protected":false},"author":18,"featured_media":773,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":[],"categories":[22,2],"tags":[],"jetpack_featured_media_url":"https:\/\/www.autobison.com\/wp-content\/uploads\/2019\/10\/Sergio-Smiling.jpg","_links":{"self":[{"href":"https:\/\/www.autobison.com\/wp-json\/wp\/v2\/posts\/764"}],"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\/18"}],"replies":[{"embeddable":true,"href":"https:\/\/www.autobison.com\/wp-json\/wp\/v2\/comments?post=764"}],"version-history":[{"count":2,"href":"https:\/\/www.autobison.com\/wp-json\/wp\/v2\/posts\/764\/revisions"}],"predecessor-version":[{"id":774,"href":"https:\/\/www.autobison.com\/wp-json\/wp\/v2\/posts\/764\/revisions\/774"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.autobison.com\/wp-json\/wp\/v2\/media\/773"}],"wp:attachment":[{"href":"https:\/\/www.autobison.com\/wp-json\/wp\/v2\/media?parent=764"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.autobison.com\/wp-json\/wp\/v2\/categories?post=764"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.autobison.com\/wp-json\/wp\/v2\/tags?post=764"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}