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Fiat Chrysler and Peugeot sign deal for 50-50 merger

The boards of Fiat Chrysler Automobiles and PSA Peugeot have signed a binding merger deal creating the world's fourth-largest automaker with the scale to confront the challenges of stricter emissions regulations and the transition to new driving technologies. The companies said in a joint statement the new group will be led by PSA's cost-cutting CEO Carlos ...

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