Peugeot maker PSA Group of France and Italian-American
firm Fiat Chrysler Automobiles have reportedly reached a massive merger agreement. That’s according to the Wall Street Journal
which reported Wednesday, citing inside sources, that the board of PSA Group has approved the
deal. The deal between the two automobile groups
would create a business with a combined market value of nearly 50 billion U.S. dollars. The two groups sell a combined nine million
automobiles annually,… ranking fourth in the world following Volkswagen, Toyota and
the Renault-Nissan Alliance.