Fiat Chrysler, PSA retain merger target date

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'Notwithstanding these unexpected and unprecedented times, FCA and Groupe PSA remain committed to our 50/50 merger,' says Fiat Chrysler.

MERGER. This combination of file pictures shows the logo of Italian automaker Fiat and the Peugeot logo. Photos by Marco Bertorello and Joel Saget/AFPby early 2021 despits the sector's COVID-19-related woes, FCA stated on Tuesday, May 5.

"Notwithstanding these unexpected and unprecedented times, FCA and Groupe PSA remain committed to our 50/50 merger that will create a leading global mobility company," FCA said in a statement. "Together, we continue to push ahead on the various merger workstreams and we remain committed to completing the transaction by the end of this year or early 2021."The

 

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