PSA still aiming to sign MoU with FCA in December: source

PSA still aiming to sign MoU with FCA in December: source

French carmaker PSA remains focused on its merger talks with Fiat Chrysler Automobiles (FCA) and is still aiming to sign a memorandum of understanding (MoU) in December, said a source close to the matter.

FILE PHOTO: The logos of car manufacturers Fiat and Peugeot are seen in front of dealerships of the
FILE PHOTO: The logos of car manufacturers Fiat and Peugeot are seen in front of dealerships of the companies in Saint-Nazaire, France, November 8, 2019. REUTERS/Stephane Mahe/File Photo

PARIS: French carmaker PSA remains focused on its merger talks with Fiat Chrysler Automobiles (FCA) and is still aiming to sign a memorandum of understanding (MoU) in December, said a source close to the matter.

The source echoed the stance of Fiat, which on Thursday brushed off a shock lawsuit from General Motors . Fiat expressed confidence in reaching a binding merger deal with Peugeot owner PSA by the end of this year to create the world's fourth-largest carmaker.

(Reporting by Gilles Guillaume; Writing by Sudip Kar-Gupta; Editing by Christian Lowe)

Source: Reuters

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