Fiat Chrysler and Ireland win EU tax ruling appeals Fiat Chrysler has won its fight against an EU order to pay €30 million in back taxes to Luxembourg, dealing a major setback to EU … Business • 08 Nov 22
Stellantis to end contracts with European dealers Carmaker Stellantis said it will end all current sales and service distribution contracts with European dealers for its 14 brands, with effect from June 2023, … Business • 20 May 21
Stellantis to give its 14 car brands 10 years of funds Stellantis chief executive Carlos Tavares said that each of the automaker's 14 car brands will receive funding over the next 10 years to prove themselves. Business • 14 May 21
Stellantis to distribute Faurecia stake to shareholders Stellantis has announced the distribution of the stake it still holds in auto parts maker Faurecia to its shareholders. Business • 05 Mar 21
PSA, Fiat Chrysler in the black despite fall in sales Low global car inventories and cost cuts should boost Stellantis profit margins this year, though a shortage of semiconductors and investments in electric vehicles could … Business • 03 Mar 21
Peugeot shareholders approve merger with Fiat Shareholders in Peugeot owner PSA gave the green light to the French company's merger with Fiat Chrysler, one of the last steps towards creating the … Business • 04 Jan 21
EU competition regulators clear Fiat-PSA merger EU competition regulators have today approved - with conditions - the $38 billion merger of Fiat Chrysler and French peer PSA to create the world's … Business • 21 Dec 20
PSA's car revenue returns to growth after lockdowns Peugeot maker PSA Group has today posted a 0.8% decline in its third-quarter sales, though revenue from its core autos division returned to growth after … Business • 28 Oct 20
Fiat to pay $9.5m US fine for misleading investors Fiat Chrysler will pay a $9.5m civil penalty to settle allegations it misled investors by not disclosing that it conducted only a limited internal review … Business • 29 Sep 20
Fiat Chrysler, PSA amend merger terms to conserve cash Peugeot maker PSA and Fiat Chrysler (FCA) have restructured the terms of their planned merger to conserve cash, and also stepped up the promised levels … Business • 15 Sep 20
Peugeot maker PSA sticks to margin goal Peugeot maker PSA Group held on to its margin target despite a fall in profitability in the first half of 2020, and said a recovery … Business • 28 Jul 20
EU probe into Fiat, Peugoet deal delayed EU competition regulators have suspended their investigation into Fiat Chrysler and Peugeot maker PSA's proposed merger while waiting for the carmakers to provide requested data. Business • 22 Jul 20
EU has concerns about Fiat, PSA deal - sources Fiat Chrysler's planned $50 billion merger with Peugeot maker PSA has hit a bump after EU regulators voiced concerns about the companies' market share in … Business • 08 Jun 20
Fiat Chrysler, Peugeot to withhold 2019 dividend payout Shares of Fiat Chrysler and Peugeot owner PSA were down today after the two carmakers said in a coordinated move that they would not pay … Business • 14 May 20
Fiat Chrysler posts €1.7 billion loss in Q1 Fiat Chrysler has today reported a net loss in the first quarter as a consequence of the crisis triggered by the spread of the coronavirus. Business • 05 May 20
Peugeot maker PSA says prepared for fall in car demand PSA has enough funds to cope with a halving in car industry sales this year, the French carmaker said today as it warned of a … Business • 21 Apr 20
Fiat Chrysler boss takes 50% temporary pay cut on virus Fiat Chrysler chief executive Mike Manley will take a 50% pay cut for three months as part of efforts to protect the company's financial health … Business • 31 Mar 20
Fiat Chrysler halts production at most European plants Fiat Chrysler said today it was halting production until March 27 at the majority of its plants in Europe following a coronavirus crisis which is … Business • 16 Mar 20
Europe's auto industry shuts factories, cuts output Europe's major car and parts makers rushed to close factories and cut output in Italy and considered sending workers home elsewhere, in the first signs … Business • 11 Mar 20
Fiat Chrysler temporarily halts some Italian plants Fiat Chrysler is temporarily halting operations at some plants in Italy and will reduce production rates in response to the coronavirus outbreak in the country, … Business • 11 Mar 20
Profits surge at Peugeot maker PSA ahead of Fiat merger Peugeot maker PSA Group said its profitability reached a record high in 2019, but the French carmaker forecast falling industry sales in Europe this year … Business • 26 Feb 20
Fiat Chrysler 2019 net profit falls 19% to €2.7 billion US-Italian automaker Fiat Chrysler said today its net profits slid by nearly a fifth last year despite a recovery in the final quarter. Business • 06 Feb 20
Fiat Chrysler, PSA agree $50 billion merger deal Fiat Chrysler and Peugeot maker PSA have today struck a binding deal to create the world's fourth biggest carmaker. Business • 18 Dec 19
PSA trade unions give the nod to merger with Fiat The majority of unions representing workers at Peugeot maker PSA are in favour of a planned $50 billion merger with Fiat Chrysler, PSA executives and … Business • 19 Nov 19
Fiat Chrysler and Peugeot join forces Fiat Chrysler and Peugeot owner plan to join forces through a 50-50 share swap to create the world's fourth-largest automaker, they said today, triggering a … Business • 31 Oct 19
