Fiat-Chrysler in talks with Peugeot for a merger

According to a media report, Fiat-Chrysler Automobiles (FCA) and French carmaker Peugeot are in talks for a merger.

The report claims that the merger of the two carmakers would be valued at about US$ 50 billion. Peugeot's Carlos Tavares is likely to be appointed as CEO of the new company, while FCA's John Elkann would be the chairman.

The company will have brands like Alfa Romeo, Chrysler, Citroen, Dodge, DS, Jeep, Lancia, Maserati, Opel, Peugeot and Vauxhall under its umbrella.

Talks between the two carmakers are believed to be ongoing and it is still not certain if an agreement will be reached. Meanwhile, neither of the two companies have confirmed these reports.

Source