PSA-FCA won’t must kill manufacturers after merger, Tavares says
PARIS — PSA Group and Fiat Chrysler Cars haven’t any plans to scrap any of their manufacturers following their merger, PSA CEO Carlos Tavares informed a French radio station.
The proposed mixture of of the 2 teams would create the world’s fourth-largest automaker with 8.7 million in annual automobile gross sales. It might bring together 13 brands together with Jeep, Ram, Opel, Alfa Romeo and Maserati.
Business watchers have questioned whether or not PSA-FCA will want all of the manufacturers, particularly since a few of Fiat Chrysler’s manufacturers want heavy investments to resume their lineups and in addition due to the dangers of manufacturers competing in opposition to one another for gross sales.
“It’s a part of the problem to correctly handle these manufacturers to cowl the market,” Tavares told the BFM Business radio station on Friday.
“I see that each one these manufacturers, with out exception, have one factor in widespread: they’ve a superb historical past,” Tavares mentioned. “We love the historical past of automotive manufacturers, it offers us a basis on which we will challenge ourselves…