Home Business NewsBusinessAutomotive News Fiat and Peugeot to merge

Fiat and Peugeot to merge

by LLB Editor
18th Dec 19 7:26 am

Fiat Chrysler and Peugeot-maker PSA are merging to create the world’s fourth largest carmaker.

The car deal between PSA Group, the French owner of Peugeot, and US-Italian rival Fiat Chrysler has been rumoured for some time.

A deal between the two carmakers created a business with a combined market value of $50bn (£40bn).

It is Fiat Chrysler’s second attempt at a merger this year after it pulled out of an agreement with Renault in June.

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