Fiat Chrysler and Peugeot Maker Agree to $50 Billion Binding Merger

The combination will create the 3rd largest global automotive company by revenue

Peugeot key remote and Fiat emblem
The 50-50 merger of FCA and Groupe PSA will create the 4th largest global automotive OEM by volume. Getty Images

On Dec. 18, Fiat Chrysler Automobiles N.V. and Peugeot S.A. (also known as Groupe PSA), made automotive history by agreeing to a binding 50-50 merger of their businesses that’ll wind up becoming a massive $50 billion international car conglomerate (the third largest by revenue in the industry and the fourth largest by volume).

@monicroqueta Mónica is a breaking news reporter at Adweek.