News Formal

Fiat Chrysler says Peugeot merger talks progressing despite GM lawsuit

  • 📰 BDliveSA
  • ⏱ Reading Time:
  • 22 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 12%
  • Publisher: 63%

Canada News News

General Motors alleges its rival bribed union officials

The logos of car manufacturers Fiat and Peugeot are seen in front of dealerships of the companies in Saint-Nazaire, France, November 8, 2019. Picture: REUTERS / STEPHANE MAHE

GM filed a lawsuit against Fiat Chrysler alleging that its rival bribed United Auto Workers union officials over many years to corrupt the bargaining process and gain advantages, costing GM billions of dollars. In a letter to employees, Fiat Chrysler CEO Mike Manley said: “We are astonished by this filing, both its content and its timing. We can only assume it was intended to disrupt our proposed merger with PSA.”

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 12. in CA

Canada Canada Latest News, Canada Canada Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

International flights and limited regional flights airborne: SAA - SABC News - Breaking news, special reports, world, business, sport coverage of all South African current events. Africa's news leader.Acting SAA Chief Executive Officer Zuks Ramasia says all international flights and a limited number of regional flights are back in the air - despite the strike.
Source: SABC News Online - 🏆 32. / 51 Read more »