For John Elkann the role of president of the new giant of the car (fourth in the world) would loom while the CEO of Psa, Carlos Tavares, would hold the same office also in the alliance
by Marco Valsania
2 'of reading
NEW YORK – Fiat Chrysler Automobiles has started new negotiations for a merger with the French company Psa Group, negotiations that will lead to the birth of a global giant of the 50 billion dollar car.
Leap of the two stocks on the stock exchange
Among the hypotheses pursued there is above all a so-called "merger of equals", completed entirely in shares. The prospect of a combination pushed upward into bag both titles, with Fca which has gained over 7% e psa over 6 percent.
To reveal the new talks between the two companies was the Wall Street Journal, which also raises the curtain on the potential structure of the vertices of a combined society. Carlos Tavares, the current chief executive of Peugeot, would hold the same position as head of the new giant. The chairman of Fca, John Elkann, he would become president of the newly formed Fca-Psa. However, the sources cited indicate that the negotiations are still in progress.
For Fca this is a new offensive to create a merger capable of ensuring a better competitive position in the home in a climate of increasing competition and consolidation in the sector on an international scale.
In recent months he had abandoned attempts to reach an agreement with the other transalpine giant Renault, before the resistance raised by Renault's partner, the Japanese Nissan, and from French Government , which has a significant stake in the company.
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