Fiat Chrysler and Peugeot owner PSA aim to sign a final merger agreement as earl...
) aim to sign a final merger agreement as early as the beginning of next month, a source familiar with the matter said on Saturday.
The two automakers said earlier this week they planned to join forces in a 50-50 share merger to create the world’s fourth-largest automaker, seeking scale to cope with costly new technologies and slowing global demand.The source said the two groups were at work to finalize all the merger details and they hoped to sign a binding memorandum of understanding in “three-four weeks”.
“This means the final agreement should be signed by early December, or by Christmas at the latest,” the source said, confirming a report published earlier on Saturday in La Stampa daily newspaper.
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