Massive fusion between Fiat Chrysler Automobiles and French group PSA removed one of its final regulatory hurdles at the end of December, and the final transaction will take place tomorrow, January 4, 2020. But that’s only if Frank B. Rhodes, Jr., great-grandson of Walter P. Chrysler, he does not give his word.
On December 24, 2020, Rhodes filed a complaint at the last minute, suggesting some changes to the merger plan. And from the sound of things, he’s not happy with them, well, anything.
“This alternative proposal is, in my opinion, superior to the planned merger and would result in the return to the United States of the Chrysler-Dodge-Jeep-Ram brands and away from the proposed Chinese and foreign control, as proposed in the Merger.” Rhodes said in a Press release.
One of the main complaints in Rhodes is the name Stellantis, which is the title that the merged group will adopt. Instead, it wants to be called “Chrysler-Dodge-Jeep-Ram Corporation ‘- which certainly does not take into account the purpose of the merger.
In addition, Rhodes proposed that Stellantis retain its European headquarters in London, but move its main functions to the United States. This would allow management and existing employees to stay around. He really this American doesn’t want toa brand that becomes something more global.
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He filed a complaint with both the manager of Stellantis and the United States senators to remind them that this would not be a good thing for America.
At this point in the business, it is unlikely to see massive revisions to the proposed merger – especially not those that threaten the integrity of both brands.