World’s largest car manufacturers by revenue

20 December 2019
466 Views

Fiat Chrysler Automobiles (FCA) and Peugeot S.A. (PSA) announced on Wednesday that they have signed a binding agreement for a 50-50 merger of their businesses. The deal will create the world’s third largest car manufacturer by revenue and the fourth largest by automobile sales, trailing only Volkswagen, Toyota and the strategic alliance between Renault, Nissan and Mitsubishi Motors.

Fiat Chrysler, the group behind popular brands such as Jeep, Dodge, Ram and Alfa Romeo, was the eighth largest automobile group in the world last year, selling 4.65 million vehicles in total. Adding Peugeot’s sales of 3.88 million cars, the newly formed company would leapfrog Honda, For, Hyundai and General Motors to become number four in the increasingly consolidated car industry.

“With its combined financial strength and skills, the merged entity will be particularly well placed to provide innovative, clean and sustainable mobility solutions,” the announcement of the deal reads, adding that the merger would create €3.7 billion in annual run-rate synergies, mainly thanks to technology, product and platform-related savings as well as scale effects in purchasing. The deal is still subject to shareholder and regulatory approval and could be completed in 12 to 15 months.

source statista

You may be interested

Coronavirus Greece: 842 new cases, 427 in Attica
GREECE
shares16 views
GREECE
shares16 views

Coronavirus Greece: 842 new cases, 427 in Attica

makis - Jan 26, 2021

The Greek authorities announced today 842 new cases of the new coronavirus, of which 13 were identified after checks at…

No side effects from vaccinations recorded in Greece, says Head of National Vaccination Committee
GREECE
shares16 views
GREECE
shares16 views

No side effects from vaccinations recorded in Greece, says Head of National Vaccination Committee

Panos - Jan 26, 2021

No adverse side effects have been recorded so far during the vaccination of the country's elderly citizens, said the Head…

Elon Musk launches 143 small satellites in space at the same time – New record
WORLD
shares22 views
WORLD
shares22 views

Elon Musk launches 143 small satellites in space at the same time – New record

Panos - Jan 26, 2021

Elon Musk’s SpaceX launched 143 small satellites simultaneously on Sunday, a new world record. The launch was carried out with…

Leave a Comment

Your email address will not be published.