Italy's economy minister expressed appreciation to FCA Chairman for Peugeot deal: sources

This post was originally published on this site

https://i-invdn-com.akamaized.net/trkd-images/LYNXMPEFA03D4_L.jpg

MILAN (Reuters) – Italy’s Economy Minster Roberto Gualtieri expressed his appreciation to Fiat Chrysler Chairman John Elkann for a planned merger with France’s automaker PSA (PA:), government sources said on Friday.

In a phone call with Elkann, Gualtieri said he would closely follow the developments of the deal as “a large number of Italian qualified jobs were involved” and as the auto industry was an important source of investments, research and innovation, one of the sources said.

Gualtieri said he was confident that the deal would not create job issues in the future, another source said.

Fiat Chrysler (MI:) and Peugeot owner PSA (PA:) plan to join forces in a 50-50 share merger to create the world’s fourth-largest automaker, seeking scale to cope with costly new technologies and slowing global demand.

Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.

Add Comment