The two automakers are planning to join forces in a 50-50 share merger to create the world’s fourth-largest automaker.

Answering a question on the merger being already a done deal, Elkann said a long time can pass between the announcement of a merger and getting it over the line.

(Reporting by Elisa Anzolin, writing by Stephen Jewkes)

Stocks treated in this article : Peugeot, Fiat Chrysler Automobiles, Exor N.V.