TATER1971
Well-Known Member
- First Name
- James
- Joined
- Nov 1, 2017
- Threads
- 2
- Messages
- 47
- Reaction score
- 23
- Location
- Ontario, Canada
- Vehicle(s)
- 2016 Willy's Wheeler JK in Rhino
- Thread starter
- #1
"A new auto giant will make its New York trading debut Tuesday. Fiat Chrysler and PSA officially tied the knot on Saturday, creating Stellantis, the world’s fourth-biggest auto maker by production. The merger will give the new entity the scale needed to better compete in a rapidly changing industry that’s squarely focused on electrification and self-driving technologies. Company executives have already identified US$5.9 billion in annual cost savings—and that’s before any plant closures. We could see some significant changes at Stellantis, which starts out with 14 brands and a weak position in China, the world’s largest car market. Its new CEO, Carlos Tavares, said in November that "only the most agile, with a Darwinian spirit, will survive" the changes taking place in the industry."
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