Tag: #FiatChrysler
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Coronavirus claims world’s biggest capacity car plant
Seoul, Feb 7 (AFP/APP): The most productive car factory in the world fell quiet on Friday as South Korea’s Hyundai suspended operations at its giant Ulsan complex, hamstrung by a lack of parts with the coronavirus outbreak crippling China’s industrial output. The five-plant network can make 1.4 million vehicles annually, in a coastal location facilitating…
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PSA and Fiat Chrysler poised to announce merger MOU: sources
Paris, Dec 18 (AFP/APP): French carmaker PSA and Fiat Chrysler will on Wednesday announce a memorandum of understanding for a mega-merger to create the world’s fourth-largest auto producer, a source close to their talks said. The MOU announcement is set to come before the Paris and Rome stock exchanges open for trading, the source added.…
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PSA and Fiat Chrysler unveil merger of equals
Paris, Oct 31 (AFP/APP): PSA and Fiat Chrysler unveiled Thursday a plan for a 50-50 merger of their operations to create the world’s fourth-largest car manufacturer that would generate billions in savings without factory closures. In a joint statement the French and US-Italian carmakers said their boards of directors “have each unanimously agreed to work…