PSA still aiming to sign MoU with FCA in December: source

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PARIS (Reuters) – French carmaker PSA (PA:) remains focused on its merger talks with Fiat Chrysler Automobiles (FCA) (MI:) and is still aiming to sign a memorandum of understanding (MoU) in December, said a source close to the matter.

The source echoed the stance of Fiat, which on Thursday brushed off a shock lawsuit from General Motors (N:). Fiat expressed confidence in reaching a binding merger deal with Peugeot owner PSA by the end of this year to create the world’s fourth-largest carmaker.

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