PSA & FCA Merger May Happen Tomorrow
Kex
Posts: 5,233
Peugeot S.A. of France and Fiat-Chrysler may merge as soon as tomorrow, becoming the fourth largest manufacturer globally, ahead of GM.
PSA bought GM’s European operations (Opel & Vauxhall brands) in 2017, which had been losing billions for decades, but are apparently now profitable. PSA already owned Citroën.
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PSA bought GM’s European operations (Opel & Vauxhall brands) in 2017, which had been losing billions for decades, but are apparently now profitable. PSA already owned Citroën.
More Details
Alea jacta est!
Comments
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Alea jacta est!
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Kind of like towing the Titanic with the Lucitania.
Nothing good will come out of that merger."The legitimate powers of government extend to such acts only as are injurious to others. But it does me no injury for my neighbour to say there are twenty gods, or no god. It neither picks my pocket nor breaks my leg." --Thomas Jefferson -
sucks2beme wrote: »Kind of like towing the Titanic with the Lusitania.
Nothing good will come out of that merger.
Right-o!
Someplace Else, I suggested it's like cancer merging with emphysema.
The nascent conglomerate's first new product, the Columbo, is already in prototype stage.
... and the merger has already freed up resources within some of the PSA marques to reinvigorate research on alternative power systems.
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A Peugeot to me is akin to a small step above a Yugo. Horrible cars IME. I've heard rumor that Citroën isn't too much better. I hope Chrysler/Dodge don't take the same route as these two...
Tom~ In search of accurate reproduction of music. Real sound is my reference and while perfection may not be attainable? If I chase it, I might just catch excellence. ~ -
Reminds me of the fabled mergers of the 1930’s and 1950’s, most notably Studebaker/Packard/Nash. Studebaker was relatively healthy at the time and thought Packard’s struggles were temporary and could be righted by enough cash. Eventually, Packard brought down Stubebaker, forcing them into a deal with Nash that led to the formation of AMC...
It’s not a matter of if, but when, and when this house of cards fails, it will crash more than a few national economies.The Gear... Carver "Statement" Mono-blocks, Mcintosh C2300 Arcam AVR20, Oppo UDP-203 4K Blu-ray player, Sony XBR70x850B 4k, Polk Audio Legend L800 with height modules, L400 Center Channel Polk audio AB800 "in-wall" surrounds. Marantz MM7025 stereo amp. Simaudio Moon 680d DSD
“When once a Republic is corrupted, there is no possibility of remedying any of the growing evils but by removing the corruption and restoring its lost principles; every other correction is either useless or a new evil.”— Thomas Jefferson -
hmm... maybe they should buy Nissan while they're at it...
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The French government will veto it, I reckon.
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More from the Detroit News.
In some ways it may possibly make some sense. Peugeot’s reputation is actually better than Fiat in Europe IMO, but not as good as VW. Definitely far above Yugo, and also Citroën (whose reputation is basically inherited from the 2CV cult car, and the DS). If it worked out, FCA would have a stronger European base than any American company in the past, and Jeep in particular could do well there.
Don’t let francophobes from the old Top Gear team (Jeremy Clarkson in particular) fool you. The Peugeot rental cars I’ve driven were quite respectable (and so were a couple of Opels). Peugeot is also profitable, and shares have climbed significantly recently, much better than Renault.
Financial reports indicate that after decades of losses under GM, Opel and Vauxhall are now profitable under PSA. Fiat is very weak in most of Europe, except Italy. Peugeot is strong in many of those countries, but not as strong as VW. The Agnelli family may well get on very well with the Peugeot family.
The French government isn’t showing any signs of wanting to veto the merger (and they don’t have the influence necessary unless they really want to make an issue of it, since the family still owns an equal share). Their objection to Renault merging with FCA was largely because of objections from Nissan.Alea jacta est! -
It’s actually a smart move Peugeot, and the rest. The fools in D.C. already have the bail out papers written. Just need a circus hearing and date for the vote.
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So, the $52B merger between Fiat Chrysler and Peugeot S.A. is now complete. Stellantis is born!
Portuguese born Carlos Tavares, former CEO of P.S.A., and new CEO of Stellantis, will ring the opening bell at the NYSE tomorrow.
[European Markets] are open today, where Stellantis shares gained 7.5% in trading.Alea jacta est! -
And I still won’t buy any of their products. Woohoo!Where’s the KABOOM?!?! There’s supposed to be an Earth shattering KABOOM!!!
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And I still won’t buy any of their products. Woohoo!
But now there are more of them you don't wish to buy! This is progress! This is capitalism!
I dunno, if a Peugeot was good enough for Lt. Columbo, it's gotta be good enough for Joe 'n Jane Sixpack, dontcha think?
Maybe they'll buy the Trabant marque and bring back those stalwarts of the East?!
That'd be cool...
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All of the companies under the "Stellantis" banner have been circling the drain for a very long time. Dodge is still using a 30 year old platform to underpin it's cars for pete's sake... I wonder how long this lasts before VW or TATA step in and take over.The Gear... Carver "Statement" Mono-blocks, Mcintosh C2300 Arcam AVR20, Oppo UDP-203 4K Blu-ray player, Sony XBR70x850B 4k, Polk Audio Legend L800 with height modules, L400 Center Channel Polk audio AB800 "in-wall" surrounds. Marantz MM7025 stereo amp. Simaudio Moon 680d DSD
“When once a Republic is corrupted, there is no possibility of remedying any of the growing evils but by removing the corruption and restoring its lost principles; every other correction is either useless or a new evil.”— Thomas Jefferson -
The poor mans Corvette ( Opel GT) had fiberglass body and looked similar to the vette of the era just smaller and were quite popular. I remember seeing many of them in the '70s. It's been 30+ years since I've seen an Opel GT
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Carlos Tavares is already credited with making both Peugeot and GM Europe (Opel and Vauxhall brands) profitable within a couple of years under his stewardship, driving record revenues and profitably. GM had tried to pull off that feat for decades, with no success.
I wouldn’t be too quick to dismiss the possibilities, but only time will tell.Alea jacta est! -
You can now purchase a Fiat with more inflationary fiat.Don't take experimental gene therapies from known eugenicists.
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The poor mans Corvette ( Opel GT) had fiberglass body and looked similar to the vette of the era just smaller and were quite popular. I remember seeing many of them in the '70s. It's been 30+ years since I've seen an Opel GT
My cousin had one BITD. Metallic blue with a white interior. It was a sharp looking little vehicle.
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The poor mans Corvette ( Opel GT) had fiberglass body and looked similar to the vette of the era just smaller and were quite popular. I remember seeing many of them in the '70s. It's been 30+ years since I've seen an Opel GT
Looks like a steel body to me...
The Gear... Carver "Statement" Mono-blocks, Mcintosh C2300 Arcam AVR20, Oppo UDP-203 4K Blu-ray player, Sony XBR70x850B 4k, Polk Audio Legend L800 with height modules, L400 Center Channel Polk audio AB800 "in-wall" surrounds. Marantz MM7025 stereo amp. Simaudio Moon 680d DSD
“When once a Republic is corrupted, there is no possibility of remedying any of the growing evils but by removing the corruption and restoring its lost principles; every other correction is either useless or a new evil.”— Thomas Jefferson -
nooshinjohn wrote: »
Interesting! I actually laid hands on two and they sounded like fiberglass to me. I am remembering from a time I was 12-14yo.
I stand corrected
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I also thought they were fiberglass.
The Opel GT was very much a GM product; its Corvette "heritage" was not downplayed, even at the time (i.e., I remember seeing comments in Road & Track at the time vis-a-vis the styling).
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There was a Corvair GT prototype in the early 1960s that spawned the GT as well as the Mako Shark, which became the C3...
It also had some influence on the Aerovette.
The Gear... Carver "Statement" Mono-blocks, Mcintosh C2300 Arcam AVR20, Oppo UDP-203 4K Blu-ray player, Sony XBR70x850B 4k, Polk Audio Legend L800 with height modules, L400 Center Channel Polk audio AB800 "in-wall" surrounds. Marantz MM7025 stereo amp. Simaudio Moon 680d DSD
“When once a Republic is corrupted, there is no possibility of remedying any of the growing evils but by removing the corruption and restoring its lost principles; every other correction is either useless or a new evil.”— Thomas Jefferson -
Yours for a mere $33K (dealer in Las Vegas). Probably not that expensive to run, either, with a 1.9L I-4 engine, and four speed manual transmission.
Alea jacta est! -
Reading from the web what did them in was the new bumper laws in 73 or 74 they could no longer import them.
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That Opel GT was nothing more than a glorified go-kart. Not a one of the companies mentioned is deserving of a nickel.HT SYSTEM-
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Go karts — glorified, or otherwise — can be quite fun to drive: the original Mini, the MG MGB GT. Why, even a lowly Citroën 2CV is enormously fun to drive on narrow, twisty roads, where many more recent vehicles might come to grief. It’s a “seat of your pants”, “feel of the road” filter free driving experience.
The Jeep brand, at the very least, is worth a lot more than a nickel. The new Ford Bronco will probably be very hard put to best it.Alea jacta est! -
Don't forget the Austin-Healey cars. They're also very fun to drive, Just don't dump the clutch to do a burnout you'll snap axles....😲
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Well, that would be a whole different category of go kart, although the Opel GT did do some racing of its own (apparently).
Speaking of the 50’s... another famous vehicle from the Peugeot-Citroën stable is the DS, pronounced “déesse” or “day-ess” in French, which translates as goddess.
Released in 1955 it was distinguished in many ways:- front wheel drive,
- was specifically designed for radial tires,
- hydro-pneumatic self-leveling independent suspension on all four wheels, at a time when most cars still had leaf springs, coils, and axles,
- a four speed semi-automatic manual transmission with a self engaging automated hydraulic clutch,
- four disc brakes,
- directional headlights (outside the U.S.),
- sealed glass headlights (also outside the U.S.),
- a fibre glass roof.
Commentators frequently suggest that it was twenty years ahead of its time.
It replaced the car below, the “Traction Avant”, literally “Front Wheel Drive”, which was the first such production car in the world.
And here’s the video:
https://youtu.be/kzW_ERSgFRY Alea jacta est! -
The “Traction Avant” was not the first. Front Wheel Drive was toyed with by several manufacturers from the first days of the industry. It was even campaigned as a racing concept, successfully, at the Indy 500 in the 1920's. Ruxton and the Cord L-29 were the first factory-built production cars to feature FWD, though it is disputed who came to market first, and neither was successful.
The Traction was the first venture that was successful on a large scale, and after the failure of ACD in 1937, it would be 1966 before another FWD car would be produced in the U.S.The Gear... Carver "Statement" Mono-blocks, Mcintosh C2300 Arcam AVR20, Oppo UDP-203 4K Blu-ray player, Sony XBR70x850B 4k, Polk Audio Legend L800 with height modules, L400 Center Channel Polk audio AB800 "in-wall" surrounds. Marantz MM7025 stereo amp. Simaudio Moon 680d DSD
“When once a Republic is corrupted, there is no possibility of remedying any of the growing evils but by removing the corruption and restoring its lost principles; every other correction is either useless or a new evil.”— Thomas Jefferson
