· How does Fiat merge with Peugeot Citroen? New group or FPCA

According to a comprehensive foreign news report, Peugeot Citroen, Ford and other companies are regarded as potential new partners as Fiat Chrysler disclosed its intention to merge with the tide. The analysis agency recently announced a deduction to analyze the situation of the two companies combined into the world's sixth largest car company.
The merger of the French "Echo" recently reported that the research institute MainFirst recently released a report on the Fiat deduction, speculating that Peugeot Société Anonyme (PSA) merged with Fiat Chrysler Automobiles (FCA) Possible outcome.
MainFirst assumes that Peugeot Citroen and Fiat Chrysler will merge into one in 2016. The new group may be called “Fiat Peugeot Chrysler Automobiles” in its name, namely Fiat-Peugeot-Chrysler Automobile Company, or FPCA. Fiat's current controlling party, the Agnelli Family, will be the largest shareholder, holding 19.2%, followed by the Peugeot Family and China Dongfeng Motor, both of which currently hold 14% stake in PSA Peugeot Citroen. Tied first.
As the shares of the Peugeot family were further diluted, the FCA's series of initiatives (acquisition of Fiat, listing of Ferraris) involved the Agnelli family, and the influence of these two families on the new group declined further.
Sergio Marchionne, the current CEO of FCA, will assume the position of chairman of FPCA, while current PSA CEO Carlos Tavares will serve as CEO of FPCA.
In terms of scale, the new group will become the world's sixth largest car company, with annual sales of 7.5 million vehicles worldwide, including Toyota, Volkswagen Group, General Motors, Renault-Nissan-Volga, Hyundai- After Kia, the above five car companies have sold more than 8 million vehicles a year, and the highest has even exceeded 10 million.
The FPCA Group's annual operating income can reach 145 billion euros, the market value may exceed 35 billion euros, the FCA is currently 23 billion euros, and the PSA is 12 billion euros.
In terms of market performance, the two companies are clearly complementary. Outside of Europe's base camp, FCA has a high market share in North America and South America, but it does not perform well in China. And China happens to be the largest single market for PSA. After the merger, FPCA will be the fourth largest car company in North America, the largest car company in South America, the second largest car company in Europe, and the tenth largest car company in Asia Pacific.
At the product level, FPCA will be the market leader in the A-class (European standard, equivalent to China A00 or mini-car) segment, covering Citroen C1, Peugeot 108 and Fiat 500, with an annual production capacity of 811,550 units. In the B-class (European standard, equivalent to China's A0 or small car) market, FPCA will rank second in the world, with an annual production and sales scale of 1.8 million. Synergistic effects can be formed in SUVs, powertrains (especially small displacement three-cylinder engines).
In the end, after the merger of FCA and PSA, the annual savings of 4.5 billion euros can be achieved through synergies.
Tang Weishi: Denying progress, admitting attitudes related to the above reports, Tang Weishi recently said in an interview with Italy's "Corriere della Sera" that although it is open to negotiations with Fiat, it is too early to merge. If Malchow wants to talk to us, it will always be welcomed. But for us, the current (merger) is too early. We need to complete 'treatment' to restore health.

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