Filed under:
Earnings/Financials,
Chrysler,
Fiat,
Peugeot
The board of French carmaker PSA , the owner of Peugeot, approved a binding agreement for a $50 billion merger with rival Fiat Chrysler , a source close to the matter said on Tuesday. A separate Fiat Chrysler (FCA) board meeting was under way to discuss finalising the memorandum of understanding to create the world's No. 4 carmaker, the source added, in a deal that would reshape the global car industry. Another source close to FCA had said earlier the two companies could form
Continue reading PSA board signs off on Fiat Chrysler merger, source says
PSA board signs off on Fiat Chrysler merger, source says originally appeared on
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