Fiat Chrysler, Peugeot to create fourth-biggest carmaker - Sentinel-Tribune: News

Fiat Chrysler, Peugeot to create fourth-biggest carmaker

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Posted: Thursday, October 31, 2019 12:43 pm

MILAN (AP) — Fiat Chrysler and France's PSA Peugeot said Thursday they have agreed to merge to create the world's fourth-largest automaker with enough scale to confront big shifts in the industry, including a race to develop electric cars and driverless technologies.

Italian-American Fiat Chrysler brings with it a strong footprint in North America, where it makes at least two thirds of its profits, while Peugeot is the second biggest automaker in Europe.

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