The manufacturers Fiat Chrysler (FCA) and PSA (Peugeot Citroën) are still determined to complete their merger, and to close the operation on the planned date, ie late 2020-early 2021, despite the difficulties created by the coronavirus epidemic, FCA said in a statement on Tuesday.
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“ Despite this unexpected and unprecedented situation (the pandemic, editor's note), FCA and the PSA group remain committed to carrying out a 50/50 merger, to create a world leader in mobility. Together, we are continuing to advance the various components to finalize the merger and we confirm our commitment to complete the operation by the end of 2020 or the beginning of 2021, ”said FCA.
Italian-American automaker Fiat Chrysler posted a net loss of 1.7 billion euros in the first quarter, a victim of the global market collapse blaming the impact of the coronavirus pandemic. Its turnover fell by 16% to 20.56 billion euros.
