October 30, 2019 / 8:16 PM / 22 days ago

Fiat Chrysler board approves moving forward with Peugeot merger - sources

DETROIT, Oct 30 (Reuters) - Fiat Chrysler Automobiles NV’s board of directors has approved moving forward with talks to merge with French automaker Peugeot SA , a person familiar with the situation said on Wednesday. Peugeot’s board approved moving forward with the discussions earlier on Wednesday. The companies have not announced a formal agreement to pursue a combination. (Reporting by Sarah White; Editing by Sandra Maler)

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