Third Largest Automaker: Fiat Chrysler and PSA Conclude Fusion

The auto companies Fiat Chrysler (FCA) and Peugeot SA (PSA) are planning a merger. This was announced by the companies on Thursday.


It was not until Wednesday that it had become known that the Italian-American car manufacturer FCA was negotiating a merger with the French Opel parent company PSA.


"There are ongoing discussions aimed at creating one of the world's leading mobility groups," FCA wrote in a brief note. There is nothing to add at the moment, it said. There was a similar message from PSA.


Fiat Chrysler had only in the spring with the French manufacturer Renault connect and want to form the world's third largest automaker. The talks failed, however.

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