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Peugeot and Fiat Chrysler merge – creating the world's fourth largest car company

the car manufacturers Fiat Chrysler and PSA Peugeot combines. This has been agreed by both company boards. They have given the negotiating teams powers might advise a decision and make the merger binding agreement.

the Merger will be implemented so that the Dutch-based joint venture company, whose share capital is divided into half of both parent companies ' shareholders.

the Merger resulted in the world's fourth-largest automobile manufacturer, with an annual sales income will reach 170 billion. Operating profit is hoped to rise to 11 billion level. The larger the company you are (you move to another service), Toyota, Volkswagen and Hyundai/Kia.

the Merge to produce 3.7 billion euros in savings, despite the fact that none of the factories have no intention to close. This relief, in particular French and Italian trade unions.

Peugeot ceo Carlos Tavares rises in the new company as ceo, while Fiat chrysler's managing director of John Elkmannista will become the chairman of the board.

the New company said to be able to respond to electric motoring, the data network interface and an autonomous car challenges quickly and cost-effectively.

Sources: AFP, AP

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