Autos

French government unlikely to interfere

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Peugeot displayed its new car and new technologies at during the Paris Motor Show at Parc des Expositions Porte de Versailles on October 2, 2018 in Paris, France.

Daniel Pier | NurPhoto | NurPhoto | Getty Images

It took months of secret planning and trans-Atlantic flights but, if all goes according to plan, Fiat Chrysler Automobiles and Peugeot maker PSA Group will announce plans to merge on Thursday, creating the world’s fourth-largest automaker by sales, with a combined worth of around $50 billion.

Both sides, however, are well aware of what happened barely five months ago, when a seemingly unstoppable merger between Fiat Chrysler and PSA’s arch-rival Renault collapsed at the last minute….



Source cnbc.com

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