Fiat and PSA merger decried as serving almost no purpose
Most vehicle makers rely on China for growth — despite that country’s slowing demand for cars — but FCA and PSA have a tiny presence there
30 October 2019 - 11:31
Beijing — A merger of Fiat Chrysler Automobiles (FCA) and France’s PSA Group would do little to solve one of their biggest shortcomings: they have a minuscule presence in the world’s largest car market.
While rivals such as Volkswagen (VW) , Toyota Motor and General Motors (GM) have relied on China for much of their growth for years, PSA and FCA have made little progress in the country of almost 1.4-billion people...
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