PSA still aiming to sign MoU with FCA in December: source
Reuters
Published Nov 22, 2019 11:57AM ET
PSA still aiming to sign MoU with FCA in December: source
PARIS (Reuters) - French carmaker PSA (PA:PEUP) remains focused on its merger talks with Fiat Chrysler Automobiles (FCA) (MI:FCHA) and is still aiming to sign a memorandum of understanding (MoU) in December, said a source close to the matter.
The source echoed the stance of Fiat, which on Thursday brushed off a shock lawsuit from General Motors (N:GM). Fiat expressed confidence in reaching a binding merger deal with Peugeot owner PSA by the end of this year to create the world's fourth-largest carmaker.
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Written By: Reuters
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