Italian-American Fiat Chrysler and Frances's Peugeot owner PSA are in talks...
After ditching a proposed merger with French rival Renault in June, Fiat Chrysler confirmed on Wednesday its bid to pursue an alternative alliance at a time when car makers face huge investments for electrification, emission reduction and autonomous driving technologies.
Yet if a combination of Peugeot and FCA succeeds in overcoming political, financial and governance hurdles, the new enterprise would still face substantial challenges. Global automakers face the prospect of a slowdown in global demand coinciding with the most dramatic technology changes in a century.The two companies said they are in talks to combine in a deal that could create a $50 billion player, a source familiar with the matter said.
PSA’s supervisory board was due to meet on Wednesday to discuss the potential deal, another source close to the matter said. FCA said in a statement it had nothing more to add for the time being.Reporting by Giulio Piovaccari in Milan and Sudip Kar-Gupta in Paris; Editing by Giulia Segreti and David Holmes
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