Important Innovations

  World's 4th Largest Automotive Maker                                        Source:  Jeep Assembly Line New Transatlantic Automaker Called Stellantis It is now official.  Shareholders of Italian-American automaker Fiat Chrysler have approved a $52 billion merger with France-based Peugeot/PSA.  They joined Peugeot/PSA shareholders in approving the deal which creates the world's 4th largest automotive company.  The new transatlantic entity is called Stellantis and is expected to sell 8.7 million vehicles yearly.  The company houses brands like Jeep, Chrysler, Dodge, Ram, Maserati, Alfa-Romeo, Opel, Citroen and Vauxhall. Synergies for Electric and Autonomous Vehicles Today's merger approval news ends Fiat Chrysler's decade long search for a merger partner.  It tried but wasn't able to complete mergers with GM and Volkswagen.  Company o...

United Technologies and Raytheon Merger Source:  Raytheon Aerospace Creates a $160 Billion Defense & Aerospace Giant In a blockbuster announcement, United Technologies, with a market value of $114 billion and Raytheon, with a market value of $52 billion, have agreed to merge their aerospace and defense businesses.  That creates an industry leader valued at $160 billion.  The new company will be called Raytheon Technologies Corporation.  The companies anticipate annual cost savings a $1 billion. Merger of Equals The companies term this a "merger of equals".  It's an all stock deal.  The companies  say that by joining forces they have "unsurpassed technology and expanded R&D capabilities" to deliver innovation.  They add the merger will "deliver cost and revenue synergies". There was some speculation that the two New England based companies were talking, but Sunday's announcement that the two global aerospace businesses are mergi...

Fiat Chrysler and Renault in Merger Talks Source:  Fiat Chrysler Production Line Combo Would Be World's 3rd Largest Automaker The $35 billion proposed merger between Fiat Chrysler and Renault is in response to the seismic technological changes hitting the automotive industry.  Examples include autonomous vehicles and electric powered cars.  For the latest on the proposed deal go to Important Innovations Collection: Fiat Chrysler + Renault : Proposed Merger of  Equals Source:  Fiat Chrysler Surviving Together Through Massive Technology Change Fiat Chrysler is pressing its...