FCA, PSA inform employees that they will sign a merger agreement

FCA, PSA inform employees that they will sign a merger agreement

November 26, 2019 0 By autotimesnews

Fiat Chrysler and PSA Group told their employees that they would sign a binding merger agreement in the coming weeks.

In two separate in-house communications received by European media on Tuesday, nine working groups were set up, led by FCA treasurer and global business development manager David Osterman, as well as PSA executive vice president for program and strategy Olivier Bourges.

FCA and PSA are working to complete the merger, which will lead to the creation of the fourth largest car manufacturer in the world. FCA Chairman John Elkann said last week that he is not worried about a lawsuit by General Motors against the FCA in the United States, and he is confident that by the end of this year he will enter into a mandatory merger with the owner of the Peugeot PSA.

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