Fiat Chrysler and Peugeot make deal

Auto powerhouses Fiat Chrysler and Peugeot have signed a merger that has the potential to reshape the worldwide automotive industry. The merger will create the world’s fourth-largest automaker with a stock-market value of about $47 billion, surpassing Ford Motors. The deal also brings together two automotive dynasties, the Agnelli’s of Italy and the Peugeot’s of France.

Porsche has introduced its new electric model, the Taycan. The brand is reported to be spending more than $1 billion to make sure that its first electric car is brought to market without a hitch. Around $800 million of that money will be spent on a dedicated Taycan factory. The massive building was completed in just 48 months.

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Fiat Chrysler and Peugeot merge into $46 billion automaker

Fiat Chrysler Automobiles and PSA Group have signed a binding merger agreement in a deal that will reshape the global automotive industry.

The combined company will be led by PSA CEO Carlos Tavares, with FCA Chairman John Elkann holding the same role at the enlarged company, the companies said in a statement on Wednesday. Learn more

Summary: Auto powerhouses Fiat Chrysler and Peugeot have signed a merger that has the potential to reshape the worldwide automotive industry. The deal was a reported $46 billion in value.

How Porsche Will Build Its Electric Sports Car

Porsche is betting big on the Taycan. Make no mistake, Taycan is more than just greenwash, more than just a hastily improvised mea culpa for the Volkswagen Group’s dieselgate shenanigans. Porsche is spending more than a billion dollars to bring its first electric sports car to market, almost $800 million of that on a dedicated new factory.

The Porsche Taycan factory has been wedged in and among various existing buildings at Porsche’s main plant in Zuffenhausen, Germany. Read more

Summary: Porsche has introduced its new electric model, the Taycan. The brand is reported to be spending more than $1 billion on the rollout.

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