News | The world’s fourth largest auto group was born in China, Jeep, Fiat saved?

The FCA Group and the PSA Group announced that the two groups held in the shareholders meeting held on January 4, 2021, were approved by the FCA and PSA. Transaction, thereby creating a Stellantis Group. FCA and PSA are expected to be completed on January 16, 2021. Investors have approved their $ 52 billion merger, and the new company Stellantis will start trading within two weeks.

We have a number, and the new car group after the establishment will have 14 brands, from FAP, Maserati, Blue Bana, Ferrari and in the United States. The focus of Jeep, Dodge and Ram, and then to PSA Peugeot, Citroen, Opel and DS. Traditionally, PSA will still be more focused on the European market.

PSA CEO Carlos Middot; Carlos Tavares, will serve as CEO of Stellantis, he will have to revitalize the car manufacturer FCA and PSA’s weak Chinese market fate, while FCA CEO Mike Middot; Mike Manley will be mainly responsible for business in North America.

FCA said in another statement that a special dividend of $ 2.9 billion euros will be paid to its shareholders after the combination is completed.

look back to the domestic market, although hand Hold the big brand, but some of these brands have been marginalized in China, and sales are also very downturn. What saved? The group’s person in charge said that it will launch more electric models to be launched by integrated existing resources to reallocate the global market effect. 80 Jun is the most expecting is a new C5 and DS9, then we will wait and seeI wish them good luck.

More expected interests, please pay attention to the 80 king’s vision