(Reuters) - Fiat Chrysler Automobiles (FCA) and Peugeot owner PSA have sealed a deal to join forces in a 50-50 share merger worth about $50 billion.
PSA and FCA will create a group that would have sold 8.7 million vehicles last year, putting it fourth globally behind Volkswagen AG (VOWG_p.DE), the Renault Nissan Mitsubishi alliance and Toyota Motor Corp, according to slides in a joint presentation by the companies on Wednesday.
Italian-American FCA is currently placed 10th in the world, with 2018 sales of 4.8 million vehicles. Its French partner is close behind in 11th place, with 2018 sales of 3.9 million.
Below is the rankings in the presentation based on company information and IHS Global Insights:
1. Volkswagen - 10.8 million
2. Renault Nissan Mitsubishi alliance - 10.8 million
3. Toyota - 10.6 million
4. PSA-Fiat combined - 8.7 million
5. General Motors - 8.4 million
6. Hyundai-Kia - 7.4 million
7. Ford - 6.0 million
8. Nissan Motor Co - 5.7 million
9. Honda - 5.3 million
10. Fiat Chrysler - 4.8 million
11. PSA - 3.9 million
12. Renault - 3.9 million
13. Mitsubishi Motors - 1.2 million
Reporting by Josephine Mason; Editing by Mark Potter