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A simple and effective turbo cleaning solution that restores power and reduces
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TRICO - OE manufacturer and aftermarket supplier of wiper blades and systems
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Leading Irish automotive components distributor and part of Temot International
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MANNOL suppliers of vehicle specific lubricants, additives and SCT components
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A prestige supplier of high performance braking components.
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Leading OE and aftermarket supplier of components, equipment and services
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Leading aftermarket brand of components for cars and commercial vehicles
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Irish distributor of well known brands of car parts and automotive tools
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German OE and aftermarket supplier of clutch and transmission components
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Leader in the supply of a huge range of parts for Asian and American vehicles
Fiat and PSA agree merger deal
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Friday, December 20, 2019
Fiat Chrysler Automobiles (FCA), and Groupe PSA, owners of Peugeot, Citroen, Opel/Vauxhall and DS, have reached agreement on a merger which will create the world's fourth largest volume car manufacturer.
The two groups have released a joint statement that says that the deals is advantageous for both groups as it provides PSA access to American markets, while FCA will benefit from PSA's more advanced electric vehicle technology.
The new business entity is owned 50/50 between PSA and FCA shareholders and will be chaired by current FCA Chairman John Elkann. The role of PSA CEO Carlos Tavares will now also expand to cover both FCA and PSA.
Carlos Tavares commented, “All the electrification know-how we have developed for the European market would be a very significant asset to bring to the US market for the appropriate level of improvement.”
The two groups have released a joint statement that says that the deals is advantageous for both groups as it provides PSA access to American markets, while FCA will benefit from PSA's more advanced electric vehicle technology.
The new business entity is owned 50/50 between PSA and FCA shareholders and will be chaired by current FCA Chairman John Elkann. The role of PSA CEO Carlos Tavares will now also expand to cover both FCA and PSA.
Carlos Tavares commented, “All the electrification know-how we have developed for the European market would be a very significant asset to bring to the US market for the appropriate level of improvement.”
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