Key PSA Group shareholder says success of Vauxhall-Opel purchase makes it willing to explore further acquisitions
James Attwood, digital editor
19 March 2019

The Peugeot family, one of the major shareholders in the PSA Group, is ‘ready’ to support an acquisition or merge with Fiat Chrysler Automobiles, pointing to the success of the purchase of Vauxhall-Opel.

The PSA Group comprises Citroën, DS, Peugeot and Vauxhall-Opel, and boss Carlos Tavares has already said he is interested in acquiring more brands. The FCA Group, whose brands include Alfa Romeo, Fiat, Maserati and Jeep, has frequently been cited as a potential target.

The Peugeot family is a major shareholder in the PSA Group through its FFP holding company. In an interview with the Les Echos newspaper FFP chairman Robert Peugeot was asked about a potential merger with FCA, and said: “With them, as with others, the planets could be aligned.”

The PSA Group is also reportedly interested in Jaguar Land Rover, which is owned by the Indian Tata group but has struggled recently.

While he said there were no deals currently in place, Peugeot said that the “exceptional success” of PSA’s 2016 purchase of Vauxhall-Opel from GM made the family willing to back a similar move.

“We supported the Opel project from the start,” he added. “If another opportunity comes up, we will not be braking.”

PSA has long had an interest in a deal with FCA, with Tavares ruling out such a move in 2015 to focus on completing the Vauxhall-Opel deal.

The two companies have already collaborated in the development of commercial vehicles, and PSA’s interest in FCA is understood to be in part due to the latter’s strong presence in North America, primarily through Jeep and Ram. PSA is currently preparing to re-launch Peugeot in the USA, and a deal with FCA would give it access to infrastructure for servicing and dealerships.

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Comments
15

19 March 2019
Keep away from JLR , we do not need anymore badge engineered Peugeots . It's amazing how quickly Vauxhall has been dismantled and been replaced with Peugeot. Cant really see it being compatible with the likes of Range Rover ....

19 March 2019
Sundym wrote:

Keep away from JLR , we do not need anymore badge engineered Peugeots . It's amazing how quickly Vauxhall has been dismantled and been replaced with Peugeot. Cant really see it being compatible with the likes of Range Rover ....

Vauxhalls were badged engineered Opels for years and consequently were total crap, using PSA platforms can ONLY be an improvement, despite PSA platforms not being as good as they used to be. Although if they did buy JLR, I think you ll find theyd be engineering specific RWD platforms for Jags,theres no way theyd "badge engineer Peugeots" as you put it.

XXXX just went POP.

20 March 2019

Do you honestly think that Peugeot would be a good steward for JLR, developing new RWD platforms, intuitive in vehicle technology and so on? Ford struggles when they owned JLR and they make better cars/have more resources than Peugeot. A PSA-JLR tie up will not happen. PSA-FCA could but that’d consentrate too much presence in Europe. A PSA-Hyundai tie up could yield some positive results though.

 

19 March 2019
Sundym wrote:

Keep away from JLR , we do not need anymore badge engineered Peugeots . It's amazing how quickly Vauxhall has been dismantled and been replaced with Peugeot. Cant really see it being compatible with the likes of Range Rover ....

The 3.0 V6 diesel and 2.7 litre V6 was developed by Ford and Peugeot ( lion V6 )and they decided not to replace the engine for 15 years but to add extra power to it. So it's not all bad.

19 March 2019

An FCA merger with JLR makes a lot more sense

19 March 2019

...this happens I can see DS being dropped, on the flip side it might save Alfa from a slow death

typos1 - Just can’t respect opinion

19 March 2019

So many ifs. JLR would benefit hugely by sharing the the average CO2 figures with PSA. PSA would do very well out of picking up Jeep Chrysler and Dodge in the USA. In Europe Fiat would do well to share small car tech with PSA where once they were strong, but now they have almost nothing. 

Buty equally, the JLR issues might sink PSA. And FCA have been starved of investment, yet currently PSA have nothing to offer the USA. There is not one PSA product that could sell in the USA today that i can think of. 

19 March 2019

On the one hand I d be sad to see both Fiat Group and PSA stop being independant, on the other, both companies have lost their mojos over the last 20 years so maybe grouping together would help them regain said mojos.

XXXX just went POP.

19 March 2019

Seems a bit ironic that after buying Opel/Vauxhall from GM, they have also been linked with GM as a possible collaboration/takeover candidate!!!!

Or maybe PSA, FCA, GM & JLR could all get together & rival the VW group. 

19 March 2019

makes GM look like a bunch of total losers! I don't hear GM's shareholders about the billions that went into Opel for decades and Opel's quick turnaround under French supervision. Chapeau to PSA!

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