Sergio Marchionne, head of the Fiat and Chrysler groups is predicting that the next major merger in the automotive industry will involve France's largest automaker, the PSA Peugeot-Citroen Group.
"The next merger will probably be French," Marchionne told reporters in Rome today. "They [PSA] tried with Mitsubishi and they will try with someone else."
If the recent Renault-Nissan / Daimler share exchange is anything to go by, it's the cool thing to do.
Marchionne has agreed in the past that partnering up with Europe's second-largest manufacturer would be a "marriage made in heaven."
A report on Business Week goes on to reiterate Marchionne's beliefs: to survive globally, international manufacturers need to build "at least 5 million cars".
Merging with the French Group, which built 3.2 million cars last year, would put the theoretical mega-company over that threshold as Fiat and Chrysler built approximately 2 million and 1.3 million car last year, respectively.
The deal could make big sense to PSA, which is looking to share development, parts, and production costs in a world where everyone seems to be playing team-up musical chairs for survival.
By Phil Alex
Via: Businessweek
5 Comments:
This guy is mad, he wants to make an old GM like giant that will be born dead. Anyway, any news about the PSA-Mitsubishi merger?
what a stunning surprise! thank you... carscoop is definitely living up to its name. i hope the company is not growing too large. seems like a major move shortly after the chrysler acquisition. i must say, though, i am very pleased with how fast we can expect to see action at chrysler, dodge and jeep - not to mention the ram franchise. perhaps a french influence, coupled with italian and american style will be a winning combination! give us more information as soon as you gather it!
OMG! Is this a nightmare?
I mean the combination of Italian and French reliability would make the trailer of many upcoming horror movies! LOL!
i have both french and italian cars....they are reliable,stylish,and yes they are cornering like no other...I think that is the best future for THEM
French styling?? UUHHGG!! Throw some mayo on it and call it a day
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