Fiat CEO said that Peugeot-Citroen or merger operations
CRI news Italy automobile giants group Fiat (Fiat SpA) CEO Madge Mahoney (Sergio Marchionne) said that the European automobile industry in the new round and merger will involve PSA Peugeot Citroen company, which is currently France's largest car manufacturer.
Majhi vangioni in an interview this week, said: "the European automotive industry to a new round of merger is likely to occur in France. Peugeot Citroen tried to with Japan Mitsubishi Motors Corporation to cooperate in the future, so they may also be sought with other car manufacturers. ”
As Europe's second largest automobile manufacturer, Peugeot-Citroen company and Mitsubishi Motors of convertible cooperation negotiations in the last months of the bankruptcy. But both sides said, even if no change unit transactions, both sides still will deepen the cooperation in other areas. And Peugeot-Citroen company remain independent strategy, its local competitors Reynolds and its related parties company Japan Nissan company has 7 April announced and Germany automobile giant Daimler company for a swap transactions to deepen in various fields of cooperation.
Currently, Peugeot-Citroen press spokesman dufol (Hugues Dufour) declined to Marge Mahoney said comment.
2009 June, the Fiat company participated in the United States automobile manufacturer Chrysler bankrupted the company, and get a 20% stake in the latter. Majhi vangioni in five months before that, many of the automotive industry that Fiat and Peugeot Citroen should be merged. Majhi vangioni noting that acquire Chrysler shares only Fiat company consolidation strategy.
UBS analyst Hugh Jos (Philippe Houchois) Monday said: "If Fiat and Peugeot Citroen to merge, then this transaction is consistent with the logic of industry, at the same time also to the shareholder benefits maximized. ”
Currently, headquartered in Italy Turin Fiat company car annual output of around 200 million units, at the same time, Chrysler production in 2009 to 130 million units. On the other hand, according to Marge Mahoney made into global automobile manufacturer's goals, its consolidated companies yield at least 500 million units. With these two companies, Peugeot-Citroen in 2009 global sales reached 320 million.
As of this week, a European market close, Fiat stock price 0.7%, reported earnings per share