BEIJING/PARIS (Reuters) - China's Dongfeng Motor Group and Peugeot maker PSA are extending their business cooperation, despite the Chinese company reducing its stake in PSA to help smooth the French carmaker's merger with Fiat Chrysler Automobiles (FCA). Dongfeng said on Thursday it had agreed with PSA to extend the duration of their joint venture Dongfeng Peugeot Citroen Automobiles (DPCA).
Fiat Chrysler Chief Executive Mike Manley will remain with the new group set to result from a planned merger with French rival PSA-Peugeot , Chairman John Elkann said on Wednesday. In a letter to Fiat Chrysler (FCA) employees on the day the two companies announced a binding agreement for a $50 billion tie-up to create the world's fourth-largest carmaker, Elkann said he was "delighted" that the combined group would be led by current PSA CEO Carlos Tavares. "And Mike Manley, w
Fiat Chrysler Automobiles NV and the United Auto Workers (UAW) union on Saturday announced a tentative agreement for a four-year labor contract, a boost for the automaker as it works to merge with France's Groupe PSA. Italian-American Fiat Chrysler and PSA, the maker of Peugeot and Citroen, last month announced a planned $50 billion merger to create the world's fourth-largest automaker. The tentative agreement with Fiat Chrysler, which is subject to ratification by the union members, follows c
Analysts wonder if merger talks between FCA and PSA could be sparked.
Source says this wasn't Nissan's fault — Paris wanted out.
Where exactly would Nissan fit into all of this?
The 2019 Drive for Design contest selected three winning ideas.
Plant has tripled its workforce since 2009.
If you can't swing by Italy, check out our 47-photo gallery.
Norwood Jewell accused of misusing funds for lavish purchases.
It would slot underneath the Stelvio.
Might serve most FCA brands, and debut in Wagoneer or Grand Cherokee.
Fiat Chrysler Automobiles plans to build Jeep sport-utility vehicles in a new plant in Detroit and has chosen a site, although the timing of the opening is uncertain, a source familiar with the plans told Reuters. The automaker plans to revive Mack Avenue Engine II, which has been idled since 2012, as an assembly line, building a new two- and three-row Jeep Grand Cherokee in spring 2021, a supplier source told Reuters. The move could add at least 100 and up to 400 jobs in the
Buyer is KKR's Calsonic Kansei out of Japan.
This and the Pacifica Hybrid begin FCA's about-face on electrification.