Groupe PSA and FCA merger plan detailed

An advanced plan hatched between Groupe PSA (owner of the Peugeot, Citroen and Opel brands) and Fiat Chrysler Automobiles (FCA) to join forces would create the world's fourth largest global automotive OEM by scale. The proposed super-merger between the keen French and Italian-American giants, with a combined 410,000 direct employees, would create a new group half-owned by each party with equal board representation.