Walter P. Chrysler’s great grandson dislikes PSA merger terms

The massive merger between Fiat Chrysler Automobiles and the French PSA Group passed one of their last regulatory hurdles at the end of December, and the final transaction is expected to take place tomorrow, January 4, 2020. But that is only if Frank B. Rhodes, Jr., the great-grandson of Walter P. Chrysler, has no say.

December 24, 2020, Rhodes filed a last-minute complaint, suggesting changes to the merger plan. And the sound of things he’s not happy with, well, whatever.

“This alternative proposal is in my opinion superior to the contemplated merger and would result in the return to the United States of the Chrysler-Dodge-Jeep-Ram brands and move away from the Chinese and foreign control proposed as proposed in the merger.” Rhodes said in a Press release.

One of Rhodes’ main complaints concerns the name Stellantis, which is the title the merged group will adopt. Instead, he wants to be called ‘Chrysler-Dodge-Jeep-Ram Corporation ”, which certainly ignores the purpose of the merger.

In addition, Rhodes proposed that Stellantis keep its European headquarters in London but move its main functions to the United States. This would allow management and existing employees to stay. he really don’t want this americaa brand to become something more global.

He filed a complaint with the manager of Stellantis and the US senators to remind them that it will not be a good thing for America.

At this point in the business, we’re unlikely to see any massive revisions to the proposed merger, especially ones that threaten the integrity of both brands.