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Fiat chrysler and peugeotowner psa group have signed a binding deal, in bid to create the world's fourthlargest carmaker. Companies say they will not. Tesla's $50b threat, fiat chrysler peugeot merger.
Fiat chrysler merger with peugeot but why. The companies said in a joint statement new group will be led by psa's costcutting ceo carlo tavares, with fiat chrysler’s chairman john elkann as chair. Fiat chrysler, peugeot owner psa agree binding merger in $50 billion deal.
Fiat chrysler, psa peugeot merging to create $50 billion automaker | buzzfresh news. Dec18 psa group and fiat chrysler automobiles nv agreed to combine in a deal that will create the world’s fourthbiggest auto manufacturer.