Fiat Chrysler and PSA Forge Ahead With Merger Plan Despite GM Lawsuit

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Thread: Fiat Chrysler and PSA Forge Ahead With Merger Plan Despite GM Lawsuit

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    Fiat Chrysler and PSA Forge Ahead With Merger Plan Despite GM Lawsuit

    Fiat Chrysler and PSA Forge Ahead With Merger Plan Despite GM Lawsuit

    The merger partners have discussed the lawsuit, but it is unlikely to throw the deal off track, according to people on both sides of the talks. PSA agrees with Fiat Chryslerís position that the claim is meritless, some of these people said, adding that lawyers and other specialists had examined GMís claim for the French side. PSA would likely be supportive of any countermove, such as a countersuit, that Fiat Chrysler could choose to make against GM, these people said


    If the contention drags on past the closing of the deal, PSA Chief Executive Carlos Tavares would be well qualified to deal with it, these people said. A countersuit from Fiat Chrysler would likely lead to a discussion between the two car makers, and Mr. Tavares developed a good working relationship with GM Chief Executive Mary Barra when buying the U.S. companyís European business in 2017.

    The accusations surprised both car makers, and people close to them have suggested that the lawsuit is an aggressive attempt by GM to gain leverage over Fiat Chrysler, either through financial damages or by making the merger harder to achieve.
    https://www.wsj.com/articles/fiat-ch...it-11575201600

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    Re: Fiat Chrysler and PSA Forge Ahead With Merger Plan Despite GM Lawsuit

    Hahahahaha, what are they going to countersue for?

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    Re: Fiat Chrysler and PSA Forge Ahead With Merger Plan Despite GM Lawsuit

    Quote Originally Posted by mbukukanyau View Post
    Hahahahaha, what are they going to countersue for?
    Libel/Defamation + Damages + Legal Fees if the lawsuit is found frivolous/lacking in merit.
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    Re: Fiat Chrysler and PSA Forge Ahead With Merger Plan Despite GM Lawsuit

    when you cant compete, sue - it happens all the time in all the industries.

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