Fiat Chrysler and Groupe PSA, the owner of Peugeot, agreed on Thursday to combine forces to create the world's fourth-largest carmaker by production volume. The 508 is only offered with 4-cylinder engines, with gas or diesel variants, and it’s offered as a 4-door sedan (with a rear hatchback) or as a 5-door station wagon. Today's Autotrader Find: a 1987 Nissan Sentra.
Fortunately, Peugeot seems to make some decent vehicles already — eight, in fact, although it’s unlikely that some of them will see the U.S. market, due to differences in our market’s tastes, compared to European and Asian markets. Don’t feel bad if you never knew any of them even existed.
Its shares will be listed in Paris, Milan and New York. Interestingly, the 2008 isn’t offered with all-wheel drive, much like the Kia Niro — but it’s got the crossover look and appeal, and it would likely reach a big audience in North America. Fiat Chrysler And Peugeot Agree On Merger To Create 4th-Largest Carmaker The ... 2019 6:32 AM ET. However, PSA CEO Tavares said earlier this year that the company plans to reintroduce Peugeots to the U.S. by 2026. The Peugeot 208 is Peugeot’s subcompact car, and it would rival vehicles like the Honda Fit or the Ford Fiesta if it came to the United States. The deal comes after a similar merger plan between Fiat Chrysler and French automaker Renault fell apart in June. The 5008 is considered a midsize or even large SUV in Europe, but it’s relatively small by American standards. The Peugeot 3008 is a small crossover that would be a close competitor to vehicles like the Honda CR-V, the Nissan Rogue, the Toyota RAV4 and the Ford Escape in one of the most competitive segments in the entire car industry.
Americans don’t generally buy small cars, and profit margins here are slim to the point that they don’t make sense for many automakers.
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