Fiat Chrysler and Peugeot to merge in giant deal

New carmaker would become the third largest in the world

ANTALYA, TURKEY - DECEMBER 18: Peugeot and Fiat car keys are seen in Antalya, Turkey on December 18, 2019 (Photo by Mustafa Ciftci/Anadolu Agency via Getty Images)
Fiat Chrysler and Peugeot look set to merge
(Image credit: 2019 Anadolu Agency)

Italian-American car manufacturer Fiat Chrysler and PSA Group, the maker of Peugeot cars, have announced a binding deal for a merger that would create a $50bn (£42bn) trans-Atlantic car company.

Billed as a “50-50 merger”, the tie-up announced on Wednesday would make the group the world’s third largest carmaker, uniting brands such Fiat, Jeep, Dodge, Ram and Maserati with the likes of Peugeot, Citroën, Opel, and Vauxhall.

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William Gritten

William Gritten is a London-born, New York-based strategist and writer focusing on politics and international affairs.