Automotive

Fiat Chrysler-PSA merger talks had stops and starts, filing shows

A preliminary prospectus filed late Friday reveals talks between the companies were halted twice, once when FCA proposed a merger with Groupe Renault in May 2019 and again three months later when there was a disagreement between the automakers on the amount of the pre-merger distribution to FCA’s shareholders.

source https://www.autonews.com/automakers-suppliers/fiat-chrysler-psa-merger-talks-had-stops-and-starts-filing-shows