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PSA and FCA formally agree to merge

Discussion in 'Peugeot, Citroën, DS (PSA)' started by T_690, Dec 18, 2019.

  1. T_690

    T_690 Well-Known Member

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  2. T_690

    T_690 Well-Known Member

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  3. T_690

    T_690 Well-Known Member

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  4. T_690

    T_690 Well-Known Member

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  5. 77 Monaco Brougham

    77 Monaco Brougham Active Member

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    HELP!

    I can't get my computer to log into the webcast of the conference call just starting.

    Is anyone planning to post a recorded version after the fact?

    Thanks.
     
  6. T_690

    T_690 Well-Known Member

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    During today's Conference Call mister Tavaresh didn't mention any platform by name. It's suspicious I must say.
    In addition to this he was very political and very obeyed to European politicians. For example about further CO2 reduction for 2030. On the another hand suppliers are all in for relaxed limits.

    On the other hand Mike Manley was much more keen to give direct answers. For example platform sharing is not necessary. Engines, electric motors, batteries can be shared across different platforms. Sheer volume will bring cost savings.

    I would say that between FCA and PSA it's still far from final arrangements. About future product development strategy.

    In addition to this they've said that because of antitrust laws they can't go in joint development before it's cleared. So maybe another year of wait for start of joint development and product planning.

    I must say that Elkann will not be satisfied with Tavaresh's behavior during Conference Calls if he stays on this course. Elkann could be in search for a new CEO.
     
    HEMI345 and ScramFan like this.
  7. serpens

    serpens Well-Known Member

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    It's Tavares and I wouldn't be speculating on his longevity at this point. I highly doubt these conference calls are going to be the tipping point.
     
    Zagnut27 and Tony K like this.
  8. T_690

    T_690 Well-Known Member

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    Luca de Meo is currently a "hot stuff". I'm sure that many people would like to see him as the next CEO. And he is almost a full decade younger than Carlos.
     
    ScramFan likes this.
  9. serpens

    serpens Well-Known Member

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    By "many people" do you mean Renault who just offered him the CEO job?
     
  10. 77 Monaco Brougham

    77 Monaco Brougham Active Member

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    Assuming he accepts the Renault position....Brother, has he got a tough job ahead of him!

    Good Luck to him and the Boston Red Sox.
     
  11. BASONE88

    Supporter

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    First thought..what was his relationship to Ghosen(meaning: any connection).
    Glad to hear that. You may be right, my friend (on Elkann's tolerance). Could get interesting!
     
  12. serpens

    serpens Well-Known Member

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    Ghosn*

    And his relationship was decidedly sour with Ghosn given the way he left Renault after refusing to apologize for saying he wanted to be CEO of an automaker.
     
  13. T_690

    T_690 Well-Known Member

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    Last two years as Renault Chief Operating Officer. Two years before that as Chairman of Nissan North America.

    Left Renault because he openly said that he wants to be next CEO of Renault and Nissan. Half year later he became Peugeot SA CEO.
     
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  14. 77 Monaco Brougham

    77 Monaco Brougham Active Member

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    Now that FCA and PSA (barring some bizarre bend in the road) are preparing to "jump the broomstick" into the land of matrimony...Is anyone out there willing to speculate...play "matchmaker" if you will...to guess which entities (if any) may be next to "jump the broomstick"?

    View: https://www.youtube.com/watch?v=59Hj7bp38f8
     
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  15. Adventurer55

    Adventurer55 Well-Known Member

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    I'll speculate that the next one will come from smaller fish who may have to merge just to keep up with the rest. Take your pick, the climate is changing, no pun intended, and the smaller they are, the harder it will be to compete. If not, they won't survive.
     
    Tony K, Beentherebefore and Zagnut27 like this.
  16. T_690

    T_690 Well-Known Member

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    It seems that FCA is spending big time for new engine production on both side of Atlantic. They've promised it to Unions on both sides. A lot of new GxE production capacity.

    Bye bye to PSA gasoline engines? They will become surplus.
     
    ScramFan likes this.
  17. Adventurer55

    Adventurer55 Well-Known Member

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    I hope they'll fit in PSA derived cars/CUVs, because most of the Fiat stuff will be history when the dust settles.
     
  18. T_690

    T_690 Well-Known Member

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    That's your opinion.
     
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  19. Stéphane Dumas

    Stéphane Dumas Well-Known Member

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    Ford did an alliance with VW but will it go more deeper?
     
  20. superduckie5000

    superduckie5000 THE MAD DUCK
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    I Feel Much More Hopeful About this Merger than the "Great Merger of Equals" Back in 1998 !
     
    cdjr77, Bill Sample, Ernesto and 3 others like this.

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