We could not find any results for:
Make sure your spelling is correct or try broadening your search.
Share Name | Share Symbol | Market | Type |
---|---|---|---|
Fiat Chrysler Automobiles NV | NYSE:FCAU | NYSE | Common Stock |
Price Change | % Change | Share Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 15.23 | 0 | 01:00:00 |
By Ben Dummett, Nick Kostov and Christina Rogers
Fiat Chrysler Automobiles NV and Peugeot maker PSA Group of France are in talks over a potential combination, according to people familiar with the matter -- a deal that could create a $50 billion trans-Atlantic auto giant.
One possibility the two sides are discussing, according to one of these people, is an all-share merger of equals. Peugeot Chief Executive Carlos Tavares would head the combined auto maker as its CEO, while John Elkann, FCA chairman and the head of the Agnelli family, which controls the Italian-U.S. auto maker, would assume the same role at the new company, this person said.
Talks are fluid, according to one of these people, and other options or terms could be considered. There is no guarantee that any final agreement will be reached.
The proposed combination comes months after Fiat dropped an earlier offer to merge with Peugeot rival Renault SA of France. That deal fell apart after Fiat failed to win the full backing of the French government, a big Renault shareholder, and Renault's alliance partner Nissan Motor Co.
Fiat had left open the possibility of renewing talks with Renault. It had also been approached previously by Peugeot over a combination, as previously reported by The Wall Street Journal.
Write to Ben Dummett at ben.dummett@wsj.com, Nick Kostov at Nick.Kostov@wsj.com and Christina Rogers at christina.rogers@wsj.com
(END) Dow Jones Newswires
October 29, 2019 14:55 ET (18:55 GMT)
Copyright (c) 2019 Dow Jones & Company, Inc.
1 Year Fiat Chrysler Automobile... Chart |
1 Month Fiat Chrysler Automobile... Chart |
It looks like you are not logged in. Click the button below to log in and keep track of your recent history.
Support: +44 (0) 203 8794 460 | support@advfn.com
By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions