June 18, 2015 / 7:21 AM / 3 years ago

Fiat Chrysler shares lower after Reuters report on merger standoff

MILAN (Reuters) - Shares in carmaker Fiat Chrysler Automobiles were lower in early trade on Thursday after Reuters reported investment banks had been drafted in to resolve a stand-off with General Motors.

The two carmakers have turned to the banks for help to deal with a move by Fiat Chrysler to force a merger with its Detroit-based rival, sources said on Wednesday.

At 0312 ET Fiat Chrysler shares were down 0.9 percent while the Italian blue-chip index was down 0.2 percent.

Reporting by Stephen Jewkes

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