Fiat Chrysler Merges With Peugeot Owner
» Posted January 22, 2020 Resources | Share This Post
Two heavyweights in the world automobile market are set to join together under a single entity.
Fiat Chrysler Automobiles and Groupe PSA, the owner of French carmaker Peugeot, are merging. The companies said in a joint December press release that the new entity will harness “leadership, resources and scale to be at the forefront of a new era of sustainable mobility.”
“Our merger is a huge opportunity to take a stronger position in the auto industry as we seek to master the transition to a world of clean, safe and sustainable mobility and to provide our customers with world-class products, technology and services,” Groupe PSA Chairman Carlos Tavares said in a prepared statement. “I have every confidence that with their immense talent and their collaborative mindset, our teams will succeed in delivering maximized performance with vigor and enthusiasm.”
The 50-50 merger will create the world’s fourth largest automobile company, with annual car sales in the 8.7 million range. The deal was particularly aimed at helping share the cost of shifting to electric and alternative fuel vehicles and to leverage combined research and development efforts.
Tavares has been tapped as the new company’s chief executive officer, according to Road & Track. Fiat Chrysler head John Elkann will chair the company’s board.
Recalls, Lemons and Legal Rights for California Car Owners
The merger means there is a new major player in the auto industry, but it should not necessarily satisfy anyone’s concerns about the safety of the products that large car companies are putting on the road.
Fiat recalled more than 4 million vehicles in 2018, for example, because of a defect that could force cars to remain in cruise control after drives turned off the setting. Both companies have also been forced to recall vehicles because of ongoing concerns about faulty Takata airbags.
Fortunately, the California lemon law offers some valuable protections to car owners in the Golden State. The law requires car manufacturers to perform a variety of repairs on vehicles while they are under warranty and to repair or replace cars that the manufacturer is unwilling or unable to fix.
Consult a California Lemon Law Attorney
If you are a car owner locked in a dispute with your vehicle’s manufacturer over repairs, an experienced California lemon law attorney can help. A lawyer can help you weigh your rights and options to get the legal remedies available and to ensure that the carmaker is held fully accountable.
At the Bickel Law Firm, we have represented hundreds of clients in defective vehicle cases in Southern California and across the state. We work tirelessly to get the people we represent the compensation they deserve.
Our offices are conveniently located in Los Angeles, San Diego and San Francisco. Call us at (888) 800-1983 or contact us online to speak with a California lemon law attorney today.