Walter B. Chrysler’s great-grandson does not like PSA merger terms

Walter B.  Chrysler's great-grandson does not like PSA merger terms

Illustration of an article titled Walter P. Chryslers Great Grandson dislikes PSA merger terms

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The massive merger between Fiat Chrysler Automobiles and French Groupe PSA removed one of the final regulatory hurdles in late December, and the final deal is due to take place tomorrow, January 4, 2020. But that’s only if Frank B Rhodes, Jr., great-grandson of Walter B Chrysler, He does not understand his words.

On December 24, 2020, Rhodes I filed a complaint at the last minute, proposing some changes to the merger plan. And from the sounds of things, he is unhappy, well, Any thing.

“This alternative proposal in my opinion is preferable to a planned merger and will lead to the return of the Chrysler-Dodge-Jeep-Ram brands to the United States and out of Chinese and foreign control proposed as proposed in the merger,” Rhodes said in A. Press release.

One of Rhodes’ main complaints is the name Stellantis, which is the address the combined group would adopt. Instead, he wants to call it “Chrysler-Dodge-Jeep-Ram Corporation – which definitely doesn’t take into account the purpose of the merger.

In addition, Rhodes suggested that Stellantis keep its European headquarters in London but move its main functions to the United States. This should enable the current management and employees to continue. he is really You don’t want these AmericasA brand to become something more global.

He filed a complaint with both the Stellantis Director and the US Senators reminding them that this wouldn’t be a good thing for America.

At this point in the project, we are not likely to see any massive reforms to the proposed merger – particularly those that threaten the integrity of both brands.

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