PSA to merge with Fiat Chrysler
French and Italo-American carmakers sign deal for a 50-50 partnership
18 December 2019 - 09:19
Milan/Paris — PSA and Fiat Chrysler have agreed to combine in a deal that will create the world’s fourth-biggest vehicle manufacturer.
The French and Italo-American carmakers signed a binding accord for a 50-50 merger of their businesses, they said in a statement Wednesday. The combined company will be led by PSA CEO Carlos Tavares, with Fiat chair John Elkann holding the same role at the enlarged firm...
Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.
Please read our Comment Policy before commenting.
Subscribe now to unlock this article.
Support BusinessLIVE’s award-winning journalism for R129 per month (digital access only).
There’s never been a more important time to support independent journalism in SA. Our subscription packages now offer an ad-free experience for readers.
Cancel anytime.
Questions? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now.