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Fiat Chrysler board to meet Tuesday on proposed Peugeot deal: sources

Published 2019-12-16, 08:14 p/m
© Reuters. FILE PHOTO: The logos of car manufacturers Fiat and Peugeot are seen in front of dealerships of the companies in Saint-Nazaire
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MILAN/PARIS (Reuters) - The board of Fiat Chrysler Automobiles NV (MI:FCHA) is expected to meet on Tuesday afternoon to consider taking the next steps toward a proposed merger with French automaker Peugeot SA (PA:PEUP), sources said on Monday.

© Reuters. FILE PHOTO: The logos of car manufacturers Fiat and Peugeot are seen in front of dealerships of the companies in Saint-Nazaire

Peugeot's board is also expected to meet on Tuesday afternoon, and is expected to consider a memorandum of understanding to formalize a proposed $50 billion combination of the two European automakers, sources have said.

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