Fiat Chrysler, PSA Peugeot Boards Approve Merger
MILAN (AP) — The boards of Fiat Chrysler and PSA Peugeot have approved merging the two companies to create the world’s fourth-largest automaker with a value of about $50 billion. The formal announcement that the companies have agreed “to work towards a full combination of their respective entities by way of a 50/50 merger” came…