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Thursday, October 31, 2019

Official: Fiat Chrysler and France's PSA Group agree to 50/50 merger

PSA Group and Fiat Chrysler Automobiles logosFiat Chrysler Automobiles and France's PSA Group on Thursday announced plans for a merger. The plans, which still need to be approved by regulatory bodies and unions, will see ownership of the merged company, estimated to be worth over $48 billion, split 50/50 between the current shareholders of FCA and PSA Group. It will also see the merged...

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