Fiat Chrysler Automobiles and Groupe PSA, the European behemoth behind Peugeot, Citroen, and others, will merge it's been confirmed. The 50/50 deal will see the combined automakers become the fourth largest global OEM in terms of vehicle sales, together selling 8.7 million in 2018 alone. Combined 2018 revenues topped $187 billion.
Fiat Chrysler Automobiles and Groupe PSA, the European behemoth behind Peugeot, Citroen, Opel, and other nameplates, could announce a merger as soon as Thursday. The automakers confirmed today that they were in talks, "aimed at creating one of the world's leading mobility Groups."
Citroen is celebrating 100 years of "boldness and creativity" and is doing so with its 19_19 Concept. The vehicle is focused on taking comfort to new levels with a cabin that aims to be a living room on wheels. The cabin of the car is suspended on a new suspension system called Progressive Hydraulic Cushions and combined with a smart active control layout.