Fiat Chrysler, PSA merger makes world’s 4th largest automaker

Now, we have the rest of the day’s world news. One of the largest mergers and acquisitions
of two automakers, Fiat Chrysler and Peugeot maker PSA will form a new global automobile
giant. Citing increased cost-saving opportunities
on Wednesday,… the boards of each company announced a 50-50 merger. The M&A reportedly makes the automaker the
world’s fourth-largest by volume and third largest by revenue. The new entity, whose name is has not been
announced yet,… aims to foster new technologies such as electric cars, autonomous driving
and connectivity.