Peugeot SA (PSA) and Fiat Chrysler Automobiles N.V. (FCA) have announced that they are creating a new company owned 50% by current PSA shareholders and 50% by current FCA shareholders.
After a long history of falling down, struggling, and getting up again, followed by a failed merger with Daimler AG, there was nobody willing to help rescue Chrysler after the 2008 crises. That is, until the nearly broke and also struggling Italian FIAT Group dressed in its best white knight suit and showed willingness to try it.
German industrial megalith Siemens and Spanish wind energy giant Gamesa have announced they will merge their wind energy businesses. In news which has dropped out of nowhere, Gamesa and Siemens announced Friday that they have signed binding agreements to merge Siemens’ wind business with Gamesa, to create a leading global … [continued]
Exelon, a monopoly electric utility and the nation’s largest nuclear power generator, made a $6.8 billion offer to purchase Pepco, Washington D.C.’s electric utility, in April of 2014. Since then, they have swarmed across Pepco’s service area, getting the approval of federal regulators, state utility commissions, and shareholders. Washington D.C.’s Public Service Commission … [continued]
A major move in the wind power industry this week shows international confidence in wind power in the US. A multi-million dollar acquisition by a British investment firm demonstrates that large financial players are seeing the US as a good place to invest in wind power.
