Fiat Chrysler and Peugeot’s owner PSA are working to speed up the closing of their alliance deal, worth an estimated $50B.
“Because customers in different locations still prefer vastly different cars, there is room for multiple platforms in a combined group… [and] This concept of a massive global platform in my mind is almost a myth but that doesn’t mean to say we’re not going to recruit significant volume.”
Michael Manley, CEO of Fiat Chrysler
This deal comes in response to the decrease in global demand and the increase in production costs due to more stringent emission regulations.