Italy's economy minister expressed appreciation to FCA Chairman for Peugeot deal: sources
Reuters
Published Nov 01, 2019 09:10PM ET
Italy's economy minister expressed appreciation to FCA Chairman for Peugeot deal: sources
MILAN (Reuters) - Italy's Economy Minster Roberto Gualtieri expressed his appreciation to Fiat Chrysler Chairman John Elkann for a planned merger with France's automaker PSA (PA:PEUP), government sources said on Friday.
In a phone call with Elkann, Gualtieri said he would closely follow the developments of the deal as "a large number of Italian qualified jobs were involved" and as the auto industry was an important source of investments, research and innovation, one of the sources said.
Gualtieri said he was confident that the deal would not create job issues in the future, another source said.
Fiat Chrysler (MI:FCHA) and Peugeot owner PSA (PA:PEUP) plan to join forces in a 50-50 share merger to create the world's fourth-largest automaker, seeking scale to cope with costly new technologies and slowing global demand.
Get The News You Want
Written By: Reuters
Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.