Fiat Chrysler, Peugeot in merger talks to create US$50b firm: source
Add BT as a preferred source
[WASHINGTON] US-Italian auto giant Fiat Chrysler and France's Peugeot are in merger talks that would yield an entity valued at about US$50 billion, a person with knowledge of the matter told AFP on Tuesday.
Other possibilities are also under consideration, said the person, who spoke on condition of anonymity.
PSA Group chief executive Carlos Tavares would lead the new company as CEO while John Elkann, chairman of FCA's board, would become chairman.
AFP
Share with us your feedback on BT's products and services
TRENDING NOW
Singapore at 61: How we can ensure opportunity, security and ownership for the next generation
With tech for fact-checking to cancer care, Singapore startups aim beyond home
Vietnam seeks US$76 billion a year from capital markets to ease reliance on banks
Why Asean matters more than ever to the UK and Singapore
