Fiat Chrysler Reshapes Auto Industry with Peugeot Merger, Stock Rises

2019-11-1 23:26

The merger between Fiat Chrysler and PSA Group will create a $50 billion entity. The resulting entity will be the fourth-largest carmaker on earth. The French government, which owns a stake in PSA Group, has not raised any objections to the merger.

Shares of Fiat Chrysler Automobiles NV (NYSE: FCAU) surged by nearly 5% in […]

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