Fiat Chrysler chairman says ‘great opportunities’ from Peugeot tie up


FILE PHOTO: FCA Chairman John Elkann speaks during an event at the Bocconi University in Milan, Italy May 27, 2019. REUTERS/Alessandro Garofalo

TURIN, Italy (Reuters) – Italian carmaker Fiat Chrysler (FCHA.MI) will be able to “seize great opportunities” from a merger with Peugeot owner PSA (PEUP.PA), its chairman John Elkann said on Friday.


The two automakers are planning to join forces in a 50-50 share merger to create the world’s fourth-largest automaker.

Answering a question on the merger being already a done deal, Elkann said a long time can pass between the announcement of a merger and getting it over the line.


Reporting by Elisa Anzolin, writing by Stephen Jewkes

Source link


Articles You May Like

New Davis Cup format must be given chance to succeed: Murray
Explainer: Don’t panic about China’s “Black Death” plague cases
UBS boss Ermotti fears Europe’s banks ‘too small to survive’
Rapinoe calls for more investment in U.S. women’s game
Trump attacks impeachment witness on Twitter, Democrats see intimidation

Leave a Reply

Your email address will not be published. Required fields are marked *