Despite the 'Happy Families' photos of Carlos Tavares of Groupe PSA, and CEO of Fiat Chrysler Automobiles, Mike Manley, at the formalisation of the PSA-FCA 'merger' it looks as though Manley won't be sticking around as the subjugated (conquered?) 'joint leader' of the new enterprise.
The word going around is that Jaguar Land Rover Chairman, Sir Ralph Speth, is stepping down mid-year and the post will be filled by none other than?
You guessed it, Brit-born Mike Manley - who it appears would rather 'run something' than play second fiddle in the pan-European duo which is PSA-FCA.
Keep in mind, the ONLY value FCA has to Groupe PSA is its American headquarters and U.S. dealership forecourts, which would be useful for PSA to have another tilt at the American market, on the cheap. Oh, and in the carve-up PSA also gets all of FCA's European assets (?) FIAT, Maserati and Alfa Romeo, et al.
Nice brands to have in PSA's growing catalogue, even if they don't make money.