Carmakers FCA and PSA Peugeot confirm progress towards full merger

The new company will be called Stellantis

Photo: Reuters

Photo: Reuters

Fiat Chrysler and PSA Peugeot on Wednesday confirmed progress toward their full merger to create the globe's fourth-largest carmaker, with completion expected by the end of March 2021.

The merger of the Italian-American car company with its French rival, agreed last year, is aimed at creating a carmaker with the scale to confront the challenges of stricter emissions regulations and the transition to new driving technologies.

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First Published: Oct 29 2020 | 1:50 AM IST

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