Fiat Chrysler and Peugeot Sign Deal for 50-50 Merger
Detroit, MI (AP) Fiat Chrysler and PSA Peugeot have signed a deal for a 50-50 merger, creating 4th largest automaker with annual sales of 8.7 million cars. The companies announced the binding terms for the merger that was announced in October in a joint statement Wednesday. The companies say the new group will be led…