Oct 30, 2019

Peugeot owner 'in merger talks with Fiat Chrysler'

PSA Group, the French owner of Peugeot, is exploring a merger with its US-Italian rival Fiat Chrysler, according to reports. If the talks are confirmed, it will be Fiat Chrysler's second attempt at a merger this year after it pulled out of an agreement with Renault in June. PSA declined to comment and Fiat Chrysler did not return requests for comment. The talks come months after a proposed tie-up between Fiat Chrysler and French carmaker Renault collapsed. Fiat Chrysler had described its bid for Renault as a "Transformative" proposal that would create a global automotive leader.

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