About: http://data.cimple.eu/news-article/5e278f75e782e74b01623d69571580ffcda44ba5d2164f0e36f37b8f

Facets (new session)
Description
Metadata
Settings
- owl:sameAs
- Inference Rule:

About: http://data.cimple.eu/news-article/5e278f75e782e74b01623d69571580ffcda44ba5d2164f0e36f37b8f Goto Sponge NotDistinct Permalink

An Entity of Type : schema:NewsArticle, within Data Space : data.cimple.eu associated with source document(s)

Attributes	Values
rdf:type	schema:NewsArticle
schema:articleBody	Fiat Chrysler (FCA) and Peugeot Citroen (PSA) announced on Monday they'd modified the terms of their mega-merger in light of business disruptions caused by Covid-19. FCA agreed to lower the exceptional dividend to be distributed to its shareholders to 2.9 billion euros ($3.4 billion), compared to 5.5 billion euros ($6.5 billion) previously, while PSA will distribute its 46 percent stake in French automotive equipment maker Faurecia to all shareholder of the new company, rather than to its shareholders alone as agreed to previously. The decision was made to "take into account the impact on liquidity the Covid-19 health crisis has had on the automotive industry," the companies said in a joint press release, while "preserving the original balance of the merger" which should be completed by the end of the first quarter of 2021. They were approved "unanimously" by the boards of directors of both companies "with the strong support of their reference shareholders," FCA and PSA said. The tie-up, which was announced at the end of October, will create Stellantis, set to be the world's fourth-largest automaker in terms of volume, and number three in terms of sales. The combined company unites brands such as Peugeot, Citroen, Fiat, Chrysler, Jeep, Alfa Romeo and Maserati into a global giant, each of which will continue under its own marque. But doubts have been raised in recent months about the equilibrium of the merger, which was advertised from the outset as a marriage of equals. The two companies announced in May they'd waive a dividend payment of 1.1 billion euros ($1.3 billion), planned as part of the merger, due to the coronavirus downturn. The exceptional dividend that FCA was to distribute to its shareholders along with the distribution of Faurecia's shares were also issues of concern, since the French equipment makers's market capitalization has declined since the merger's announcement. jum/jul/etr/cs/mdl
schema:headline	Fiat Chrysler and PSA tweak merger terms due to pandemic
schema:mentions	Market capitalization Fiat Automobiles Citroën Economic equilibrium Chrysler Groupe PSA Dividend Jeep Pandemic France Coronavirus Coronavirus disease 2019 Faurecia Maserati Alfa Romeo Tweak programming environment Fiat Chrysler Automobiles Automotive industry Market liquidity
schema:author	http://data.cimple.eu/organization/1f0054d541e000623a2c1e561a247c073ef6328e8be9ffafda7b3fcd
schema:datePublished	2020-09-14 (xsd:date)
http://data.cimple...sPoliticalLeaning	other political leaning
http://data.cimple...logy#hasSentiment	negative sentiment
http://data.cimple...readability_score	74 (xsd:integer)

Faceted Search & Find service v1.16.123 as of May 22 2025

Alternative Linked Data Documents: ODE Content Formats:

RDF

ODATA

Microdata

About

OpenLink Virtuoso version 07.20.3241 as of May 22 2025, on Linux (x86_64-pc-linux-musl), Single-Server Edition (126 GB total memory, 11 GB memory in use)
Data on this page belongs to its respective rights holders.
Virtuoso Faceted Browser Copyright © 2009-2025 OpenLink Software