Fiat Chrysler Faces Rough Road Before PSA Merger - News Summed Up

Fiat Chrysler Faces Rough Road Before PSA Merger


Fiat Chrysler Automobiles NV is banking on a planned $50 billion merger with Peugeot maker PSA Group to help it catch up with rival car companies. But in the year or so until the deal gets done, the Italian-American car maker risks falling farther behind. The manufacturer of Chrysler cars and Ram trucks faces falling sales volumes around the world, including a small decline in North America, where it generates more than 90% of profit. Once-steady cash cow Jeep is stumbling, luxury brand Maserati is cratering, the umpteenth...


Source: Wall Street Journal January 26, 2020 12:56 UTC



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