PSA and FCA discussing shared european car platform
Groupe PSA and Fiat-Chrysler Automobiles are reportedly discussing a partnership to develop and make cars together in Europe.
A Bloomberg report says the two companies have been holding preliminary discussions to work together on a "super platform" to reduce costs. The Bloomberg report said that any eventual partnership will likely include sharing investments for new electrified cars and the focus of the talks between the two carmakers is the project itself, rather than a deeper combination such as a merger - though that isn't being ruled out for the longer term.
PSA Ceo Carlos Tavares told the Wall Street Journal over the weekend that the Group is in "continuous discussions with our partners". PSA has made no secret of its search for a collaborative partner - in an alliance or merger - and FCA is said to be open to working with another carmaker, such as PSA, to cut costs through larger scale economies.