Jump to content

Investors agree with Peugeot boss as a FCA merger is a possibility

Investors agree with Peugeot boss as a FCA merger is a possibility

chitchatboy

543 views

Shares in both Fiat Chrysler Automobiles and Peugeot have risen as there are talks of a possible merger between the two companies.

 Peugeot_logo-700x493.png.dee1972440ade6ad1c7d075f0c07b1a5.png
 

In an article published by Reuters, the president of Peugeot family holding company FFP, Robert Peugeot, told French newspaper Les Echos that he would support a potential deal with Fiat Chrysler Automobile (FCA).

 

“With them, as with others, the planets could be aligned,” Peugeot said.

 

FCA did not comment on the article but its rose by 5.2%. Not surprisingly, Peugeot's stock prices also rose by 2.7%.

Fiat Chrysler Automobiles have always wanted a merger as the late Sergio Marchionne actively pursued merging FCA with another company. He believed that as production cost and the pace in technology increase, it was only right that companies work together.

 

Meanwhile, the head of PSA Group Carlos Tavares have also voiced out recently that they do not mind mergers and have viewed the likes of Fiat, General Motors, and Jaguar Land Rover as ideal partners.




0 Comments


Recommended Comments

There are no comments to display.

Create an account or sign in to comment

You need to be a member in order to leave a comment

Create an account

Sign up for a new account in our community. It's easy!

Register a new account

Sign in

Already have an account? Sign in here.

Sign In Now
  • Carpark Review: Junction 8

    Built in the 1980s, Bishan (or Bishan New Town) may not be one of the earliest housing estates in Singapore, but it was the first whose HDB architecture saw a departure from the more brutalist designs of the past and featured more variation in height and design.  Residents are primarily served by Junction 8, which opened in 1993. Now more than 30 years old, it remains the sole mall in the Bishan East area. Driving there? Here’s our quick review of the carpark.  Manoeuvrability: T

    bobthemob

    bobthemob

×
×
  • Create New...