Fiat Chrysler and Peugeot owner PSA explore potential merger
Deal could reshape the global motor industry and create a carmaker worth $47bn
29 October 2019 - 22:48
Southfield — Fiat Chrysler Automobiles and French carmaker PSA Group are exploring a combination, in a potential deal that would reshape the global motor industry and create a European powerhouse to rival Volkswagen, people with knowledge of the matter said.
The two companies are holding talks about a merger, the people said, asking not to be identified because the information is private. Under one recent proposal, Peugeot owner PSA would be the acquiring entity and the French side would have an advantage in terms of board seats, according to one of the people...
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