Fiat-PSA in talks with Chinese car makers for tie up, Yicai says

  • FCA and PSA completed its merger over the weekend, creating a new entity named Stellantis NV. The new group is planning to hold 75% of the shares in the venture.
  • Stellantis may also close an existing joint venture in China to offload some of its capacity.

FILE PHOTO: The logos of car manufacturers Fiat and Peugeot (REUTERS)
FILE PHOTO: The logos of car manufacturers Fiat and Peugeot
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Fiat Chrysler Automobiles NV and PSA Group, which merged to create an auto giant, is in talks with China’s Chery Automobile Co. Ltd. and Guangzhou Automobile Group to create a joint venture, local media Yicai reported.

FCA and PSA completed its merger over the weekend, creating a new entity named Stellantis NV. The new group is planning to hold 75% of the shares in the venture, which will make a variety of vehicles from passenger cars to energy-efficient vehicles, according to Yicai, citing sources it didn’t identify.

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Also Read : Fiat Chrysler and PSA to seal merger to become Stellantis

Stellantis may also close an existing joint venture in China to offload some of its capacity, the publication said.


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First Published Date: 17 Jan 2021, 09:28 AM IST
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