PSA would offload its stake in car parts supplier Faurecia as part of the potential deal, according to the tweet. (http://bit.ly/2Npbkof)

Talks between Fiat Chrysler and PSA over a potential tie-up that could create a $50 billion car giant gathered pace on Wednesday, with one source saying a deal could be announced as early as Thursday, Reuters reported.

(Reporting by Sanjana Shivdas in Bengaluru; Editing by Shailesh Kuber)

Stocks treated in this article : Faurecia, Peugeot, Fiat Chrysler Automobiles