Breaking: Fiat Chrysler and Peugeot owner PSA agree to merge, people familiar with the matter say
Fiat Chrysler Automobiles NV and Peugeot maker PSA Group of France have agreed on the terms of a merger that, if approved by both boards, would create the world’s fourth-largest auto maker by volume with a market value of more than $48.4 billion, according to people familiar with the situation.
Peugeot’s board approved the deal on Wednesday. Fiat Chrysler’s board meeting was still in progress while the board of Exor, the Agnelli family holding company that controls the Italian-American car maker, was scheduled to meet later...
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