Fiat Chrysler and PSA Push to Complete Merger by End of January
- Carmakers are awaiting European Commission antitrust decision
- Covid lockdowns have hit industry especially hard in region
Photographer: Marco Bertorello/AFP/Getty Images
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Fiat Chrysler Automobiles NV and PSA Group are pressing to complete their merger ahead of schedule as disruptions to the auto industry add urgency to their efforts to realize synergies from joining forces.
The two companies that would form the world’s fourth-largest carmaker are aiming to seal the deal by the end of January, according to people familiar with the matter. European antitrust approval is expected by the end of the year, and if that timeline slips, the companies still expect to hold meetings Jan. 4 to get sign-off from shareholders, said the people, who asked not to be identified because the discussions are private.