• Bloomberg

  • SHARE

The boards of French carmaker PSA Group and Italian American rival Fiat Chrysler Automobiles NV have approved a preliminary plan to merge, according to a joint statement, creating a combined automaker that would rank among the world’s largest.

Under the proposal, shareholders of each company would own 50 percent of the combined entity, the statement said.

In a time of both misinformation and too much information, quality journalism is more crucial than ever.
By subscribing, you can help us get the story right.

SUBSCRIBE NOW