France Warms to Peugeot-Fiat Merger After Derailing Renault Deal
- Prime Minister praises the planned Franco-Italian combination
- Philippe stops short of asking for guarantees for French jobs
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France may have helped scupper a deal between Renault SA and Fiat Chrysler Automobiles NV, but its approach to the marriage of Fiat with Peugeot shows it’s open for business.
“There are excellent arguments” for combining the maker of Peugeot cars PSA Group with its Italian counterpart, French prime minister Edouard Philippe said in an interview. The French company’s proposal leaves you believing “it has an opportunity to grab,” he added.