Deals
Chrysler’s Survivors of Tumult Unfazed by ‘Just Another Merger’
- U.S. carmaker has changed hands four times in 21 years
- PSA CEO Tavares reminds one veteran executive of Marchionne
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Just five months after a proposed merger between Fiat Chrysler Automobiles NV and Renault SA fell apart, employees at the Italian-American automaker’s U.S. headquarters in Auburn Hills, Michigan, are once again contemplating the arrival of a new boss.
Stock markets were jolted by news this week that Fiat Chrysler and another French suitor, PSA Group, mapped out an agreement to create the world’s fourth-biggest automaker and install Carlos Tavares, PSA’s chief executive officer, to lead the combined company.