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.
By : Bloomberg
| Updated on: 17 Jan 2021, 09:28 AM
FILE PHOTO: The logos of car manufacturers Fiat and Peugeot (REUTERS)
FILE PHOTO: The logos of car manufacturers Fiat and Peugeot (REUTERS)
FILE PHOTO: The logos of car manufacturers Fiat and Peugeot (REUTERS)
FILE PHOTO: The logos of car manufacturers Fiat and Peugeot

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.

Trending Cars

Find More Cars

(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.


First Published Date: 17 Jan 2021, 09:28 AM IST
Recommended For You
View All
NEXT ARTICLE BEGINS

Please provide your details to get Personalized Offers on

Choose city
+91 | Choose city
Choose city
Choose city
By clicking VIEW OFFERS you Agree to our Terms and Privacy Policy

Dear Name

Please verify your mobile number.

+91 | Choose city