PSA, Fiat Chrysler agree to merge: joint statement
PTI, Dec 18, 2019, 1:15 PM IST
Paris: French car maker PSA and US-Italian rival Fiat Chrysler have signed an agreement to create the world’s fourth largest automaker, they said in a joint statement on Wednesday.
“Fiat Chrysler Automobiles and Peugeot SA (Groupe PSA) have today signed a binding combination agreement providing for a 50/50 merger of their businesses to create the fourth largest global automotive original equipment manufacturer by volume and third largest by revenue,” the statement said, adding that the tie-up would not involve any plant closures.
Udayavani is now on Telegram. Click here to join our channel and stay updated with the latest news.
Top News
Related Articles More
Four-day market rally makes investors richer by Rs 8.48 lakh crore
Kotak Bank barred from onboarding customers online, issuing fresh credit cards
Reverse migration has begun, says FM Nirmala Sitharaman
Markets sustain winning streak — Sensex jumps over 560 points, Nifty tops 22,300-level
Sensex climbs 640 points, Nifty tops 22,300-level in early trade
MUST WATCH
Latest Additions
Accused in firing on police arrested in Delhi’s Rohini
Rahul Gandhi concludes Maharashtra visit, departs for Delhi
UP’s 8 constituencies to witness 3-cornered fight in 2nd phase of LS polls on Friday
Karnataka Elections: Cong, BJP in fierce battle as state prepares to vote
Karnataka Elections: Cong, BJP in Fierce Battle as State Prepares to Vote