Puegeot??? Oh, no!!! Get ready for Lefty-Tighty, Righty-Loosey!!!Three weeks ago Mike Manley told reporters, “I want to find areas where cooperation — whether it is partnerships, whether it’s joint ventures or whether it is deeper levels of equity cooperation that makes sense for us and whoever that is — [will] give better vehicles to our customers and a better return to our shareholders, I’m very open to it.”
I think it is not a sale. There is also talk about a joint effort on some EV vehicles with the PSA group in Europe which is Puegeot
Well said. Well said.There is a lot of panic for something that is basically speculation. PSA and Nissan have been in a partnership for years but that is starting to fall apart over the controversy with former PSA (and Nissan) CEO Carlos Gosen. While PSA wants them to have a full blown merger, the Japanese board of Nissan wants nothing to do with it. A divorce between them is possible. Either way, any merger talks with FCA will go nowhere until that mess is worked out.
IMO, if anything does happen between FCA and PSA, it will be a partnership and not a merger. The main reason for that is the French government, which is the largest stock holder of PSA. A PSA/FCA merger will heavily dilute their ownership stake and give them much less say in how PSA is run. A partnership, however, will give PSA access to the US market and give FCA access to some pretty good automotive platforms in Renault’s inventory. It would give both a better chance to compete with the real elephant in the room, VW.