October 30, 2019 / 7:18 AM / 16 days ago

French carmaker PSA confirms talks with Fiat

A PSA Group logo is seen behind a car displayed during French carmaker's news conference as they announce the company's 2018 results at their headquarters in Rueil-Malmaison, near Paris, France, February 26, 2019. REUTERS/Christian Hartmann

(Reuters) - French carmaker PSA (PEUP.PA) confirmed on Wednesday that talks were underway with Italian peer Fiat (FCHA.MI) to create a new world leader in the automotive industry.

Reporting by Sudip Kar-Gupta, editing by Louise Heavens

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