Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Settings
Settings
Dynamic quotes 
OFFON

MarketScreener Homepage  >  News  >  Economy & Forex  >  All News

News : Economy & Forex
Latest NewsCompaniesMarketsEconomy & ForexCommoditiesInterest RatesBusiness LeadersFinance Pro.CalendarSectors 
All NewsEconomyCurrencies / ForexCryptocurrenciesEconomic EventsPress releases

Fiat Chrysler and Peugeot speed up work to close the merger

share with twitter share with LinkedIn share with facebook
04/09/2020 | 12:48pm EDT
FILE PHOTO: The logos of car manufacturers Fiat and Peugeot are seen in front of dealerships of the companies in Saint-Nazaire

Working groups at car makers Fiat Chrysler (FCA) and Peugeot's owner PSA are speeding up work on closing their alliance deal despite the coronavirus crisis, PSA chief executive officer Carlos Tavares said in an internal note seen by Reuters.

Tavares also said in the note the working groups were also speeding up work on synergies.

The crisis triggered by the new coronavirus has virtually wiped out demand for new vehicles, pushing automakers to temporarily halt most production and leaving them needing cash.

(Reporting by Gilles Guillaume; Writing by Matthieu Protard; editing by David Evans)

Stocks mentioned in the article
ChangeLast1st jan.
FIAT CHRYSLER AUTOMOBILES N.V. -1.88% 8.631 Delayed Quote.-33.33%
PEUGEOT -2.28% 13.715 Real-time Quote.-34.11%
share with twitter share with LinkedIn share with facebook
Latest news "Economy & Forex"
01:20pDow, S&P 500 slip on fears over surging virus cases
RE
01:17pU.S. recovery in limbo as retail traffic falls in virus hot spots
RE
01:16pCompanies May Face Possible Data-Transfer Turmoil in EU Court Ruling
PU
01:16p40 Ministers from around the world gather to address the world's energy and climate challenges
PU
01:16pChair's Summary for IEA Clean Energy Transitions Summit
PU
01:16pIAEA INTERNATIONAL ATOMIC ENERGY AGENCY : Grossi Says Nuclear Power Contributes a Great Deal to Clean Energy Transition
PU
01:16pNEWS HIGHLIGHTS : Top Global Markets News of the Day
DJ
01:16pNEWS HIGHLIGHTS : Top Company News of the Day
DJ
01:09pU.S. Sanctions Chinese Officials Over Alleged Human Rights Abuses in Muslim Xinjiang Region
DJ
12:58pHarley-Davidson to cut hundreds of jobs as part of turnaround strategy
RE
Latest news "Economy & Forex"