This archive report was first published on 30 October 2019.
Published on October 30, 2019, Fiat Chrysler Automobiles (FCA) announced it is in talks with the French automaker PSA Group to form a possible business combination.
The talks, which have been ongoing, aim to create one of the world's leading automotive groups, according to a statement from PSA Group.
PSA Group, the maker of Peugeot and Citroën cars, would gain access to the United States market for the first time in decades, while Fiat Chrysler would have a partner to share the costs of developing new cars.
While the talks are ongoing, the potential merger would be a significant move in the automotive industry, where companies are joining forces to survive major technological shifts.
