PSA and Fiat might collaborate and turn into the 4th world manufacturer
For admin · 14.12.08 · Category: Citroen, Fiat, Peugeot, Last News|
A few weeks ago the CEO of Fiat, Sergio Marchionne, was mentioning that in a next alone future six big car groups would remain distributed all over the planet. The current crisis situation will force to new mergers and to the disappearance of the least lucky marks. This was seen in his moment like a “declaration of intentions” on the part of Marchionne to look for an alliance with some another industrial holding. In accordance with news appeared in the Italian newspaper Milan Finance, in the last meeting between the Italian prime minister Silvio Berlusconi and the French president Nicolas Sarkozy, both chiefs would have been considering the (positive) consequences of a merger between PSA Peugeot Citroën and Fiat. This joined rumors reflected in Automotive News they make to suspect that the possibilities of an union between both companies it would be something more than possible in a next future. In fact, Fiat and PSA already share several industrial alliances for the production of professional vehicles, and according to several analysts the union of both would be viable from the financial and commercial point of view. The result of the merger would turn the resultant company into the fourth world car producer, and would allow to the marks of the group to benefit from minor development costs for future models. From the disaster of the union Fiat - general Motors of a few years ago, the Italian group has grown to massive steps, improving his commercial position thanks to successes like the Fiat 500 or the Brave one. The only doubt that would appear us would be how to handle the models solape inside the possible joint enterprise. And the fact is that if right now the company of Marchionne already has problems for posicionar to Lancia and Alpha without treading on the sales of Fiat, putting in the equation Citroën and Peugeot complicates enough the topic. Source: Autoblog |
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