In a merger deal that appears to be heading for approval, Fiat Chrysler stands to gain electric vehicle technology while PSA Peugeot Citroen could benefit from a badly needed dealership network to reach its goal of selling vehicles in the U.S.
With 2,640 dealers across the U.S., Fiat Chrysler would be a ready distribution network for Peugeot and other PSA vehicles.
For years, Fiat Chrysler has lagged its rivals in electric vehicle technology. Peugeot was relatively late to the electric vehicle game but is now working fast to catch up, notably with fellow French rival Renault. More electric vehicles also would help FCA meet pollution and fuel economy regulations in Europe.
Read the article at Fortune.