Fiat Chrysler and PSA confirm talks over potential tie-up [Reuters]
FIAT CHRYSLER AUTO NV (FCAU)
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Source: Reuters
Fiat Chrysler and PSA confirm talks over potential tie-up - Reuters 2 Min Read MILAN/PARIS (Reuters) - Italian-American Fiat Chrysler ( FCHA.MI ) and Frances’s Peugeot owner PSA ( PEUP.PA ) are in talks over a potential tie-up aimed at creating one of the world’s leading auto makers. After ditching a proposed merger with French rival Renault ( RENA.PA ) in June, Fiat Chrysler (FCA) 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 famil
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