(Bloomberg Opinion) — The automotive M&A carousel is taking another turn, with Peugeot SA and Fiat Chrysler Automobiles NV hopping aboard this time. The two companies are in talks about a potential merger that would create a $47 billion auto giant, according to a Wall Street Journal report that was confirmed later by Bloomberg News. This comes just a few months after Fiat abandoned talks to merge with Peugeot’s French rival Renault SA. And yet the news isn’t the least bit surprising: Peugeot and Fiat have both made clear in the past that they’re keen on consolidation, and indeed they’ve …read more
Source:: Yahoo Finance
