FCA To Merge With PSA

In this scenario, FCA actually have more leverage because they have more board representation with the 11 member being John Elkann from FCA as chairman of the board. The board can hire or fire a CEO while the CEO cannot touch a board member. The board can also override the CEO if they have enough votes to do so. So FCA will have 6 votes on the board to PSA's 5. The CEO is from PSA who does not have a vote which means FCA can out vote PSA on anything they wish to. So saying that PSA will dominate the company is highly unlikely unless PSA gets one of the FCA board meers to vote against FCA.

No they do not have more leverage in a merged company. Carlos Tavares will be the CEO, not John Elkhann, the board will make recommendations but he can veto them as the CEO

FishOneOne wrote:
suspect the CEO will fill the 11th spot or someone at the parent company, and if this report is correct with Carlos Tavares being the new company CEO it looks like PSA will eventually dominate the company.

The way I see it as well. Especially when it gets to deciding on BEV's and advanced Diesel technology