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Fiat Chrysler shares boosted by merger deal revision

WorldNews Tuesday, 15 September 2020 ()
Fiat Chrysler shares boosted by merger deal revisionShares in Fiat Chrysler (FCA) rose sharply in Milan on Tuesday after the car maker and French partner PSA revised the terms of their merger deal, with FCA’s shareholders getting a smaller cash payout but a stake in another business. FCA and PSA, which last year agreed to merge to give birth to Stellantis, the world’s fourth largest car manufacturer, said late on Monday they had amended the accord to conserve cash and better face the Covid-19 challenge to the auto sector. Milan-listed...
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News video: Fiat Chrysler, PSA amend merger to save cash

Fiat Chrysler, PSA amend merger to save cash 01:10

Peugeot-maker PSA and Fiat Chrysler have restructured the terms of their planned merger to conserve cash. Ciara Lee reports

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Fiat Chrysler Automobiles Fiat Chrysler Automobiles Multinational automotive manufacturing conglomerate


Milan Milan Italian city

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Stellantis future French-Italian-American automobile group

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