Fiat Chrysler and Peugeot parent PSA in merger talks

The owner of French carmaker Peugeot is in talks with rival Fiat Chrysler Automobiles about a deal to merge with the Italian-American group and create a company with shares worth more than $47bn, according to people informed of the talks.

The discussions mark an attempt by France's PSA and its chief executive Carlos Tavares to take advantage of a failed combination earlier this year between FCA and rival French carmaker Renault.

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