Peugeot maker approached Fiat Chrysler about forming a $45 billion industry behemoth that would reposition their businesses in the U.S. and Europe
MILAN—Peugeot maker PSA Group approached Fiat Chrysler Automobiles NV earlier this year about combining the two car makers, according to people familiar with the matter, proposing to form a $45 billion industry behemoth that would reposition their businesses in the U.S. and Europe.
Fiat Chrysler rebuffed the overture, as it had previous ones by the French car maker, according to these people. Those approaches haven’t been previously disclosed.
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