Board of Directors | ACEA

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M S EENAURCH ▶ About ACEA ▶ How We Are Organised ▶ Board of Direct ors Board of Directors The ACEA board is made up of Presidents and CEOs of the associations' member companies. The current President of ACEA is Carlos Ghosn, Chairman and CEO of Renault. ACEA Board of Directors BMW Group Harald Krüger Chairman of the Board of Management DAF Trucks Harrie Schippers President DAIMLER AG Dieter Zetsche Chairman of the Board of Management FIAT CHRYSLER AUTOMOBILES Sergio Marchionne FIAT CHRYSLER AUTOMOBILES Sergio Marchionne CEO FORD of Europe James D. Farley Chairman & CEO OPEL GROUP Karl-Thomas Neumann President HYUNDAI Motor Europe Hyung Cheong Kim President & CEO IVECO Pierre Lahutte Brand President JAGUAR LAND ROVER Ralf Speth CEO PSA PEUGEOT CITROËN Carlos Tavares Chairman of the Board of Management RENAULT Group Carlos Ghosn Chairman & CEO TOYOTA Motor Europe Didier Leroy President & CEO VOLKSWAGEN Group Martin Winterkorn Chairman of the Board of Management VOLVO Car Corporation Håkan Samuelsson President & CEO VOLVO Group Olof Persson President & CEO Who We Are ACEA Members Associated Organisations Partners What We Do How We Are Organised ACEA President ACEA Secretary General Board of Directors Commercial Vehicle Board of Directors Secretariat Contact Us Industry topics filter topics About EUCAR Access Restrictions ACEA guidelines for FT As Air Quality Alternative Powertrains A Manifesto for a Competitive... Automotive Aftermarket Automotive Logistics Block Exemption Regulations... Building a Supportive... CARS 21 Circular Economy CO2 Emissions CO2 from Cars and Vans CO2 from Heavy Duty Vehicles CO2 T axation Commercial Vehicles and Road... Competitiveness, Market and... Connecting Europe Facility Corporate Social... Diesel Exhaust Fluid - Adblue Driving Innovation eCall Efficient Road T ransport Electric Vehicles Electric Vehicles Incentives Employee and Community... Environment and Sustainability European Modular System Euro Standards Eurovignette Fostering Growth T hrough... Fuels Fuels, Lubricants and AdBlue India Industrial Policy and CARS... Infrastructure Intelligent T ransport Systems International T rade Japan Low Emission Zones Lubricants Materials and Substances Noise Reduction Our Future Mobility Now Raw Materials REACH Repair and Maintenance... Research and Innovation Road Charging Safe Infrastructure Safe Road Users Safety Safe Vehicles Scientific Advisory Group... South Korea Supply Chain Sustainable Mobility Services T axation T ax Guide T EN-T T ransport Policy Urban Logistics Urban T ransport Policy USA Weights and Dimensions Copyright © 2015 ACEA | All Right s Reserved Avenue des Nerviens 85 | B-1040 Brussels | Belgium T +32 2 732 55 50 | F +32 2 738 73 10 | inf [email protected] .

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PRESS RELEASE Groupe PSA and FCA Plan to Join Forces to Build A
PRESS RELEASE IMPORTANT NOTICE By reading the following release, you further agree to be bound by the following limitations and qualifications: This communication is for informational purposes only and is not intended to and does not constitute an offer or invitation to exchange or sell or solicitation of an offer to subscribe for or buy, or an invitation to exchange, purchase or subscribe for, any securities, any part of the business or assets described herein, or any other interests or the solicitation of any vote or approval in any jurisdiction in connection with the proposed transaction or otherwise, nor shall there be any sale, issuance or transfer of securities in any jurisdiction in contravention of applicable law. This communication should not be construed in any manner as a recommendation to any reader of this communication. This communication is not a prospectus, product disclosure statement or other offering document for the purposes of Regulation (EU) 2017/1129 of the European Parliament and of the Council of June 14th 2017, as amended from time to time and as implemented in each member State of the European Economic Area and under French and Dutch law and regulation. An offer of securities in the United States pursuant to a business combination transaction will only be made, as may be required, through a prospectus which is part of an effective registration statement filed with the US Securities and Exchange Commission (“SEC”). Shareholders of Fiat Chrysler Automobiles N.V. (“FCA”) and Peugeot S.A. who are US persons or are located in the United States are advised to read the registration statement when and if it is declared effective by the US Securities and Exchange Commission because it will contain important information relating to the proposed transaction.
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A Work Project, Presented As Part of the Requirements for the Award of a Master's Degree in Finance from the Nova School of Bu
A Work Project, presented as part of the requirements for the Award of a Master’s degree in Finance from the Nova School of Business and Economics. PSA-FCA Merger: Carlos Tavares’ road to glory? Ricardo Manuel Firmino Cristóvão Work project carried out under the supervision of: Professor Paulo Soares de Pinho 03-01-2021 PSA-FCA Merger: Carlos Tavares’ road to glory? Abstract The present case-study intends to analyse the merger of Groupe PSA (Peugeot Société Anonyme) and FCA Group (Fiat Chrysler Automobiles), announced on the 18th of December 2019. The case-study will explore the merger through a narrative and a teaching note. The narrative will explore the history of both groups and relevant events that influence their path to the present situation, while also providing the details of the merger. The teaching note will study the motivations of both groups to be part of the deal, analyse the expected synergies and possible gains or losses for shareholders. Key words: Merger; Fiat Chrysler Automobiles; Peugeot Société Anonyme; Automotive Industry This work used infrastructure and resources funded by Fundação para a Ciência e a Tecnologia (UID/ECO/00124/2013, UID/ECO/00124/2019 and Social Sciences DataLab, Project 22209), POR Lisboa (LISBOA-01-0145-FEDER-007722 and Social Sciences DataLab, Project 22209) and POR Norte (Social Sciences DataLab, Project 22209). 1 PSA-FCA Merger: Carlos Tavares’ road to glory? It was September 2019, and Carlos Tavares, Groupe PSA’s CEO, was sitting in his office after a board meeting. Tavares was thinking about the mandate he had attributed to his former colleague at Nissan Larry Dominique: getting Peugeot back into the U.S.
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FCA-PSA Merger
Alert FCA-PSA Merger 1 November 2019 Executive Summary • Fiat Chrysler Automobiles (FCA) and Groupe PSA have announced that they are working together towards creating one of the world’s largest automotive groups, with the aim of reaching a binding agreement in coming weeks. • The new entity would see global scale and resources owned 50% by Groupe PSA shareholders and 50% by FCA shareholders, with Carlos Tavares the merged group’s CEO. • This news follows on from the breakdown in merger discussions between FCA and Renault earlier this year. • LMC Automotive believes that there is a strong business case for such a consolidation; this latest merger announcement once again highlighting the cost pressures faced by the industry. • The high R&D expenditure relating to platform development, electrification, and other technologies, is expected to remain a drag on industry profitability over the course of the next decade, and further consolidation is likely. • A combined FCA-PSA group would become the fourth-largest OEM globally, with an annual production volume exceeding 8 million Light Vehicles per year. On that basis, it would surpass Hyundai Group, General Motors, Ford and Honda. • In Europe, the new group would challenge Volkswagen Group as the region’s number one OEM in sales volumes terms; however, in the world’s single largest vehicle market, China, FCA and PSA have both struggled to gain a footing, which this tie-up would not readily resolve. • Assuming a binding agreement is reached to create a new automotive giant, there remain significant execution risks associated with combining two sizeable entities. © 2019 LMC Automotive Limited, All Rights Reserved.
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Manufacturing 30 of Its Models by 2022
Daimler fines for slow recalls could reach $30m Failing to recall vehicles $5 million the automaker The consent order, which requires Daimler to develop quickly enough could cost must spend on safety en- lasts from two to three written procedures and train- In this file photo, Ola Käl- Daimler Trucks up to $30 hancements, and a deferred years, requires Daimler to ing for employees who work lenius, Chairman of the Board million in fines and other $15 million penalty, which improve its ability to detect on recalls and reporting re- of Management of Daimler costs. may or may not have to be and investigate potential quirements. AG and Mercedes-Benz AG In penalties announced paid. safety defects in its vehi- “We appreciate the oppor- at the Capital Market Day Thursday, the National High- The order stems from sev- cles. tunity to summarily resolve 2019 in London. (AP) way Traffic Safety Admin- eral recalls between 2017 The company must also this matter and continue istration said Daimler also and 2018. Daimler said there improve its collection of building safe, efficient and failed to comply with other have been no known acci- safety information from its reliable commercial vehi- reporting requirements. dents or injuries related to businesses and report the cles,” Daimler Trucks said in They include an upfront what it called “voluntary re- information accurately to a prepared statement Thurs- fine of $10 million, another calls.” regulators at NHTSA. It also day. (AP) Market Movements 04-01-2021 Change Closing pts Change Closing pts AUSTRALIA - All Ordinaries +103.05 6,953.67 JAPAN - Nikkei -185.79 27,258.38 GERMANY - DAX +7.96 13,726.74 FRANCE - CAC 40 +37.55 5,588.96 EUROPE - Euro Stoxx 50 +11.75 3,564.39 S.
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CHIEF EXECUTIVE OFFICER Carlos TAVARES Carlos Tavares held various positions within the Renault Group between 1981 and 2004, before joining the Nissan Group. Carlos Tavares was appointed Executive Vice President, Chairman of the Management Committee Americas and President of Nissan North America in 2009, before being appointed as Chief Operating Officer of Renault, a position he held until 2013. Carlos Tavares served as Chairman of the PSA Managing Board from March 31, 2014, having joined the PSA Managing Board on January 1, 2014. He also serves as a director of Airbus Holding S.A., and is a member of the board of directors of the European Automobile Manufacturers’ Association (ACEA). Carlos Tavares was appointed Executive Director of Stellantis with effect from January 17, 2021 and Chief Executive Officer on January 17, 2021. Born in Portugal, Carlos Tavares graduated from École Centrale de Paris. 2021/01/19 Communication Department HEAD OF AMERICAS Mike MANLEY Michael Manley has a deep background in all aspects of global business operations including strategy, business development, commercial, brand, product planning and operational activities. Bringing extensive experience in the international automobile business, Manley joined DaimlerChrysler in 2000 as Director - Network Development (United Kingdom). He was responsible for product planning and all sales activities outside North America, appointed to this position in December 2008. He later served as Executive Vice President - International Sales and Global Product Planning Operations. Manley was the lead executive for the international activities of Chrysler Group outside of North America, where he was responsible for implementing the co-operation agreements for distribution of Chrysler Group products through Fiat’s international distribution network.
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Stellantis Organization
Contact: Shawn Morgan Stellantis Bertrand Blaise Stellantis + 33 6 33 72 61 86 (office) [email protected] Andrea Pallard Stellantis +39 335 873 7298 (office) [email protected] Pierre Olivier Salmon Stellantis +33 6 76 86 45 48 (office) [email protected] Appointment of the Top Executive Team to Steer Stellantis January 19, 2021, Auburn Hills, Mich. - Stellantis is establishing an efficient governance from day one with the appointment of the top executive team,together with the nine dedicated committees covering company-wide performance and strategy.* Carlos Tavares, CEO of Stellantis, said: “This highly competitive, committed and well-balanced team will leverage its combined skills and diverse backgrounds to guide Stellantis to become a great company.” *Strategy Council, Business Review, Global Program Committee, Industrial Committee, Allocations Committee, Region Committee, Brand Committee, Styling Review, Brand Review Chief Executive Officer - Carlos Tavares Strategic and Performance: Head of Americas: Mike Manley Global Corporate Office: Silvia Vernetti Chief Performance Officer: Emmanuel Delay Chief Software Officer: Yves Bonnefont Chief Affiliates Officer: Philippe de Rovira (sales finance, used cars, parts and service, retail network) Region Chief Operating Officers: Enlarged Europe: Maxime Picat Deputy: Davide Mele Eurasia: Xavier Duchemin North America: Mark Stewart South America: Antonio Filosa Middle East and Africa: Samir Cherfan China: Grégoire Olivier (interim, in charge of DPCA)
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Finance Project October 2017
MASTER OF SCIENCE IN FINANCE MASTERS FINAL WORK PROJECT EQUITY RESEARCH: PEUGEOT SA VITOR MIGUEL DOS SANTOS GERALDES OCTOBER 2017 1 MASTER OF SCIENCE IN FINANCE MASTERS FINAL WORK PROJECT EQUITY RESEARCH: PEUGEOT SA VITOR MIGUEL DOS SANTOS GERALDES SUPERVISOR: VICTOR MAURÍLIO SILVA BARROS OCTOBER 2017 Abstract This project represents an extensive evaluation of Peugeot SA, according to ISEG’s Master in Finance final work project. This equity report was written in accordance with recommendations of the CFA Institute. The reason for choosing the company was the interest in automotive industry and the curiosity to evaluate how the company react to daily threats. This report was written in accordance with the public information available on July 20th, 2017, any information or event subsequent to this date has not been considered. The target price was obtained using an average of valuation methods, more specifically the method of Discounted Cash Flow and Relative valuation method, more known as method of Comparable Multiples. The target price was € 20.67 at 20th July of 2017, representing an upside potential of 3.75%. My recommendation is to Reduce, given the high risk of the company capacity to enter e-cars market and the high dependence of European market. Our risk assessment estimates a high risk for the company. JEL classification: G10; G32; G34; Keywords: Equity Research; Valuation; Mergers & Acquisitions; Peugeot SA; Automotive Industry i Resumo Este projeto representa uma análise extensiva da Peugeot SA, consistindo no projeto de trabalho final do programa de Master in Finance do ISEG. Este relatório foi elaborado de acordo com as recomendações do CFA Institute.
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Fiat Chrysler, Peugeot Maker PSA Amend Merger Terms to Conserve Cash
Image not found or type unknown https://www.metaforespress.gr Fiat Chrysler, Peugeot maker PSA amend merger terms to conserve cash 2020/09/16 19:18 στην κατηγορία INTERNATIONAL Peugeot maker PSA and Fiat Chrysler (FCA) have restructured the terms of their planned merger to conserve cash, and also stepped up the promised levels of cost cutting during the pandemic. The two companies, which are set to merge into Stellantis, the world’s fourth-largest carmaker, said in a joint statement late on Monday that FCA would cut to 2.9 billion euros ($3.4 billion) the cash portion of a 5.5 billion euro special dividend its shareholders will receive under the terms of the accord they signed last year. France’s PSA, whose brand portfolio also includes Citroen and Opel, will in turn postpone the planned spinoff of its 46% stake in parts maker Faurecia until after the merger’s closing and extend it to all shareholders of the new group. Faurecia’s market capitalisation is around 5.9 billion euros. “Amendments preserve the balance of original combination agreement,” the two groups said, adding that ownership of Stellantis would still be split 50/50 between current PSA and FCA shareholders. A source said on Monday that the aim of those changes was to reinforce the balance sheet structure of both companies after the COVID-19 crisis and ensure that the merger plan is concluded as soon as possible. Analysts had argued that such a large cash payout to FCA shareholders, led by controlling investor EXOR, the holding company of Italy’s Agnelli family, could weaken the new carmaker’s finances, as the auto industry is paying a high price for the coronavirus outbreak.
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French Carmaker PSA Defies Sales Slowdown with Record Profits 26 February 2020
French carmaker PSA defies sales slowdown with record profits 26 February 2020 exchange rate effects and falling volumes. Looking ahead to anticipated market developments in the current year, PSA said it forecast a decline of around 3.0 percent in Europe but no change in Latin America. Turning to the ongoing merger with Fiat Chrysler, Tavares expressed confidence that competition authorities would give the green light to a tie-up that will create the world's number four carmaker. French carmarker PSA Peugeot Citroen notched up record profits in 2019 PSA was ready "to discuss and modify everything that is needed" for the merger to go ahead, he said. French car giant PSA Peugeot-Citroen, currently in "We have no reason to think there'll be a problem. the process of merging with rival Fiat Chrysler, said It's a long process that may last 12-15 months." Wednesday it shook off a drop in sales to notch up record profits in 2019. Both sides were in sound financial health and the carmakers were not being forced into a shot-gun "We have achieved record results in 2019," chief wedding, Tavares said. executive Carlos Tavares said in a statement. Together, the two companies would have combined The group, whose brands include Opel in Germany annual revenues of nearly 170 billion euros and and Vauxhall in Britain, booked bottom-line net global vehicle sales of close to eight million. profit of 3.2 billion euros ($3.5 billion) last year, an increase of 13.2 percent over the figure for 2018.
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Stellantis Sets Sights on Electric Vehicles in Future 19 January 2021
Stellantis sets sights on electric vehicles in future 19 January 2021 "We want to support those brands, even those facing difficulties," he said. "We are car addicts. We like the brands, we like their history". The group also plans to "make electric vehicles affordable for the middle class" in the near future, he said. Stellantis already has 29 electric models for sale and plans to launch 10 more by the end of the year. With respect to the Chinese market, Tavares said that neither PSA nor Fiat had been satisfied with Stellantis was created via the merger of PSA—and its their results, and pledged "a complete overhaul of Peugeot and Citroen brands in particular—with the Italian the group's strategy". carmaker Fiat, which also owns Chrysler, Jeep, Alfa Romeo and Maserati, among others Tavares said the group was pleased that Britain and the European Union had hammered out a deal on trade relations now that Britain is no longer an EU member. Stellantis, the world's newest major automobile group, laid out Tuesday a roadmap for its He added that decisions regarding future development, notably in electric vehicles. investments in Britain, home to the group's Vauxhall brand, "will be made within the next two Chief executive Carlos Tavares, who was already weeks". head of the French automaker PSA, said the 14 brands that make up Stellantis, now the world's © 2021 AFP fourth biggest carmaker, would all offer electric vehicles by 2025. He also pledged to draw up a strategy for development in China by the end of the year, without providing details.
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Stellantis Intensifies Electrification While Targeting Sustainable Double-Digit Adjusted Operating Income Margins In
Stellantis Intensifies Electrification While Targeting PRESS RELEASE Sustainable Double-Digit Adjusted Operating Income Margins in the Mid-term ● Plans to invest more than €30 billion through 2025 in electrification and software, while continuing to be the automotive efficiency frontrunner, with investment efficiency 30 percent better than industry average ● Targeting over 70 percent of sales in Europe and over 40 percent in the United States to be low emission vehicle (LEV) by 2030 ● All 14 brands committed to offering best-in-class fully electrified solutions ● Delivering BEVs that meet demands of customers, with ranges of 500-800 km/300-500 miles and class-leading fast charging capability of 32 km/20 miles per minute ● Four flexible BEV-by-design platforms, scalable family of three electric drive modules and standardized battery packs to cover all brands and segments ● Platforms designed for long life via software and hardware upgrades ● Global EV battery sourcing strategy of over 260GWh by 2030, supported by five “gigafactories” between Europe and North America ● Plans include dual battery chemistries: a high energy-density option and a nickel cobalt-free alternative by 2024 ● Solid state battery technology introduction planned in 2026 AMSTERDAM, July 8, 2021 - Stellantis N.V. (NYSE / MTA / Euronext Paris: STLA) presented today a comprehensive electrification strategy that delivers exciting, class-leading vehicles for the Company’s iconic brands, while leveraging in-house expertise, partnerships and joint ventures to deliver advanced technology at affordable prices. This strategy will allow the Company to target sustainable, double-digit Adjusted Operating Income margins in the mid-term. “The customer is always at the heart of Stellantis and our commitment with this €30 billion plus investment plan is to offer iconic vehicles that have the performance, capability, style, comfort and electric range that fit seamlessly into their daily lives,” said Carlos Tavares, Chief Executive Officer, Stellantis.
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PSA Group to Acquire GM's European
Find our latest analyses and trade ideas on bsic.it European Car Makers in Pole Position: PSA Group to Acquire GM’s European Businesses for €2.2bn Peugeot SA (EPA: UG) – market cap as of 11/03/2017: €15.79bn General Motors Co. (NYSE: GM) – market cap as of 11/03/2017: $55.17bn Introduction On March 6, 2017, PSA Group announced an agreement with General Motors Co. whereby the French holding will acquire GM’s Opel and Vauxhall subsidiaries, together with GM Financial’s European operations in a transaction valuing these businesses at €1.3bn and €0.9bn respectively. The transaction will establish PSA Group as the second largest car maker in Europe, with a 17% market share. Furthermore, it will strengthen the European foundation of PSA as a stepping stone to support its worldwide growth. About PSA Group PSA Group (previously known as PSA Peugeot Citroën) is a French automotive company that was founded in 1976 as the result of the merger between Citroën SA and Peugeot SA. It owns three car brands in its portfolio - Peugeot, Citroën and DS - as well as a wide array of mobility services under its Free2Move brand, a product line aimed to meet the growing needs of automobile users. The group is the European leader in terms of CO2 emissions and an early innovator in the field of autonomous and connected cars, with 2.3 million such vehicles distributed worldwide. Under the current CEO - Carlos Tavares - PSA has undergone a great strategic overhaul which led to a significant turnaround for the company after the French government bailout in 2012.
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