Fiat Chrysler, PSA confirm merger talks

Fiat Chrysler and PSA have confirmed that they're in talks over a potential merger.

Should the talks go through, they'll end up creating one of the world’s leading auto makers.

Earlier this summer Fiat let go of a proposed merger with French rival Renault.

Board members at PSA, which owns Peugeot, will meet on Wednesday to discuss the potential deal.

More from Business News

News

  • 'Peace is not far away' says Erdogan after Putin meeting

    Turkish President Tayyip Erdogan, fresh from a meeting with Russia's Vladimir Putin, said he hopes to discuss a Ukraine-Russia peace plan with US President Donald Trump, adding that "peace is not far away".

  • UAE, Serbia deepen ties with new political agreement

    His Highness Sheikh Abdullah bin Zayed Al Nahyan, UAE Deputy Prime Minister and Minister of Foreign Affairs, and Serbia’s Foreign Minister Marko Đurić. have agreed to deepen political coordination after signing a Memorandum of Understanding (MoU) during talks in Abu Dhabi.

  • UAE strengthens child protection measures

    The UAE has introduced changes to its laws governing the care of children of unknown parentage, expanding custody options and strengthening child protection measures.