Fiat Chrysler And Peugeot Sign 50-50 Merger Deal
The combined company will generate nearly €170 billion ($189 billion) annually, which is projected to be the third-most revenue of any automaker — leapfrogging GM, Ford and other companies.
Updated at 10 a.m. ET
Fiat Chrysler and Peugeot are joining forces to create the world's fourth-largest carmaker by volume, signing a 50-50 merger deal that will unite some of the most recognizable automobile brands under one company, from Dodge and Jeep toCitroen and Opel.
