Carmakers FCA and PSA Peugeot confirm progress towards full merger
Fiat Chrysler and PSA Peugeot on Wednesday confirmed progress toward their full merger to create the globe’s fourth-largest carmaker, with completion expected by the end of March 2021.
The merger of the Italian-American car company with its French rival, agreed last year, is aimed at creating a carmaker with the scale to confront the challenges of stricter emissions regulations and the transition to new driving technologies.
The new company will be called Stellantis.
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First Published: Thu, October 29 2020. 01:50 IST
