As the powertrain specialist moves away from diesels it has explored new ways of cutting emissions with more efficient gasoline engines, as Harry Husted, the supplier’s head of product, electrification and electronics, explained to Automotive News Europe.
An FCA-PSA merger would have a deep impact across the pond, combining r&d, sharing platforms and challenging VW.
PSA CEO Carlos Tavares would lead the combined company as CEO, while FCA Chairman John Elkann would assume the same role at the new company, The Wall Street Journal reported, citing people familiar with the matter. PSA’s board is holding an extraordinary meeting on Wednesday, Bloomberg reported, citing sources.
It took just three days to topple Renault CEO Thierry Bollore, giving the automaker and its estranged partner, Nissan, a clean sheet to ponder how to revive trust in their alliance and redistribute the balance of power.