October 31, 2019 / 11:42 AM / 17 days ago

Conte says crucial to keep jobs, plants in Italy in FCA-PSA deal

FILE PHOTO: Italian Prime Minister Giuseppe Conte gestures as he holds a news conference at the end of the European Union leaders summit dominated by Brexit, in Brussels, Belgium October 18, 2019. REUTERS/Piroschka van de Wouw

ROME (Reuters) - Italy’s Prime Minister Giuseppe Conte said that merger plan between Peugeot owner (PEUP.PA) PSA and Fiat Chrysler Automobiles (FCAU.N) (FCHA.MI) must keep jobs and factories in Italy, Italian media reported on Thursday.

Fiat Chrysler and PSA said on Thursday they planned to join forces through a 50-50 share swap to create the world’s fourth-largest automaker, triggering a new wave of consolidation in the car industry.

Conte said he would talk to Fiat Chairman John Elkann shortly to get details about the plan.

Reporting by Francesca Piscioneri, editing by Andrew Heavens

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below