FCA And PSA Group Complete 50:50 Merger, Set To Become Fourth Largest Automaker
Following the initial announcement back in October that revealed FCA and PSA Group were interested in formally merging, the two firms have formally signed on the dotted line, creating the fourth largest automotive company in the world, with projected annual sales of around 8.7 million cars in the process. On the subject of profits, they are expected to be massive, with initial figures suggesting that the newly combined entity’s revenues will be around $190 million, as well as a recurring operating profit of over $12.2 billion dollars. These are very impressive figures, and it’s easy to see why they played …