This Will Reshape the Global Car Industry
Fiat Chrysler Automobile and PSA Group, the owner of the French automaker Peugeot, solidified an agreement that will bind the two companies together creating one of the biggest automotive companies in the world. The merger was to the tune of $50 billion. It will hopefully help the new monster company prosper in the future.
The goal of the two companies, according to CNBC will be to slash costs without closing factories and win over regulators. The merger comes as both companies look for ways to keep things running as designed while demand for new cars is down and costs for making cleaner vehicles are up.
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