Slashdot: Fiat Chrysler Automobiles and PSA Group Are Merging To Become World's Fourth-Largest Automaker

Fiat Chrysler Automobiles and PSA Group Are Merging To Become World's Fourth-Largest Automaker
Published on November 01, 2019 at 05:40AM
williamyf writes: This puts Alfa Romeo, Citroen, Chrysler, Dodge, DS, Fiat, Jeep, Maserati, Opel, Peugeot, Ram, and Vauxhall under a single corporate parent and merges operations. PSA Group boss Carlos Tavares will be CEO of the 11-person board, with FCA's John Elkann as chair. Fiat Chrysler and PSA said that the 50:50 merger should save more than $4 billion a year from "run-rate synergies without any plant closures." Why is this news for nerds and stuff that matters? Because there are car nerds too, and cars use a lot of software nowadays.

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Slashdot: AT&T Says Leaked Data of 70 Million People Is Not From Its Systems

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