FCA, PSA Agree Binding Merger Deal

Fiat Chrysler Automobiles and PSA Group have signed a binding merger agreement that stands to create the world’s 4th-largest automaker after VW, Toyota, and the Renault-Nissan-Mitsubishi alliance. PSA and FCA say the new company will have an 11-person board, with five members nominated by PSA and another five by FCA and including labor representatives from…
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