PSA Group and Fiat Chrysler Automobiles have no plans to scrap any of their brands following their $50 billion merger, PSA CEO Carlos Tavares told a French television station.
Fiat Chrysler Automobiles and PSA Group have said they will not to close factories if they merge but this promise is likely to come under heavy strain as the combined group would have spare production capacity of almost 6 million vehicles in a slowing autos market.
Volkswagen Group’s powerful labor unions vowed to block the automaker’s plan to build a factory in Turkey until violence triggered by the country’s cross-border offensive in northern Syria has stopped.
Skoda’s new Octavia compact model will come with plug-in hybrid and mild-hybrid versions. The compact car is Skoda’s best-selling model globally and offers the widest range of drivetrains and body styles in the brand’s lineup.
Following the news that PSA Group and Fiat-Chrysler (FCA) are in discussions to combine operations and create a leading global group; David Leggett, Editor at GlobalData, a leading data and analytics company, offers his view.
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