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.
Instead of creating a traditional dealer network, the Geely-owned brand will offer subscriptions to customers, market its cars online, and sell through flagship stores and so-called "pop-up" stores in Europe. Lynk & CO boss Alain Visser discussed this and more with Automotive News Europe.