Fiat Chrysler chairman echoes PSA support for merger of the carmakers

Echoing similar comments from PSA Chief Executive Carlos Tavares on Thursday, FCA Chairman John Elkann told shareholders the COVID-19 crisis had not delayed plans to finalize the tie-up by the first quarter of next year.

Fiat Chrysler Automobiles assembly workers produce protective masks, amid the spread of the coronavirus disease , at the Assembly Plant in Betim near Belo Horizonte, Brazil, May 20, 2020.and Peugeot maker PSA to create the world's fourth largest carmaker is the best way for the two companies to weather the coronavirus crisis, the Italian-American group's chairman said on Friday.

Tavares, who is due to become the merged group's CEO, said on Thursday he was confident that the merger would proceed as planned and deliver synergies of at least 3.7 billion euros . Manley also said a European Union antitrust probe into the merger was not expected to delay the timetable to completion.

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Peugeot CEO confident Fiat Chrysler merger is on trackPSA Chief Executive Carlos Tavares is confident a $50 billion merger of the maker of Peugeot vehicles with Fiat Chrysler (FCA) will proceed as planned and deliver synergies of at least 3.7 billion euros ($4.2 billion). We going fully automatic on wheels 🔥🔥🔥 Your cars can't withstand tropical rain forest regions. Why
Source: Reuters - 🏆 2. / 97 Read more »

Peugeot CEO confident Fiat Chrysler merger is on trackPSA Chief Executive Carlos Tavares is confident a $50 billion merger of the maker of Peugeot vehicles with Fiat Chrysler (FCA) will proceed as planned and deliver synergies of at least 3.7 billion euros ($4.2 billion). We going fully automatic on wheels 🔥🔥🔥 Your cars can't withstand tropical rain forest regions. Why
Source: Reuters - 🏆 2. / 97 Read more »