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.
Read more of this story at Slashdot.
Source:
https://tech.slashdot.org/story/19/10/31/2241242/fiat-chrysler-automobiles-and-psa-group-are-merging-to-become-worlds-fourth-largest-automaker?utm_source=rss1.0mainlinkanon&utm_medium=feed