The reasons for Fiat Chrysler and Peugeot-owner PSA's merger are 'stronger than ever,' the FCA chairman said on Wednesday, as the COVID-19 pandemic adds to the car industry's existing challenges.
) merger are “stronger than ever,” the FCA chairman said on Wednesday, as the COVID-19 pandemic adds to the car industry’s existing challenges.
FCA and PSA have agreed a tie-up to create the world’s fourth largest carmaker in a deal expected to close in the first quarter of next year. The possible payment of such a large dividend when the coronavirus crisis has left cash-starved manufacturers pushing for government support has been questioned within Italy’s ruling coalition.
Fidentiis analyst Marco Opipari said that if the government imposed conditions, the FCA could decide to change its strategy on liquidity requests.
Malaysia Latest News, Malaysia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Jada Pinkett Smith Posts PSA About Self-Care by Smearing on Red Lipstick: 'Love Your Imperfections'The Red Table Talk host told her followers to 'love your imperfections' in an inspiring Instagram post
Read more »
Audra McDonald Promises Broadway Is Not Dead: “We Will Be Back and Stronger Than Ever”The six-time Tony winner is spending her quarantine in a variety of Zoom fundraisers—and sharing words of wisdom for theater fans everywhere.
Read more »
The 20 best appliances to buy on sale for Memorial DayLarge-ticket items, such as dishwashers, refrigerators and laundry units rarely go on sale, but during Memorial Day weekend, you save big on these crucial household items.
Read more »
Jada Pinkett Smith Posts PSA About Self-Care by Smearing on Red Lipstick: 'Love Your Imperfections'The Red Table Talk host told her followers to 'love your imperfections' in an inspiring Instagram post
Read more »
ViacomCBS Entertainment and Youth Group Fortifies Team in Wake of MergerViacomCBS’ entertainment and youth group has promoted two executives under president of content and chief creative officer Nina Diaz, as the broader media conglomerate continues to realign in…
Read more »
Mass Evacuations Underway As India And Bangladesh Brace For Dangerous Super CycloneSuper Cyclone Amphan, the strongest storm ever recorded in the Bay of Bengal, is expected to make landfall near the border between India and Bangladesh on Wednesday
Read more »