The board of Fiat Chrysler Automobiles NV (FCHA.MI) is expected to meet on Tuesday afternoon to consider taking the next steps toward a proposed merger with French automaker Peugeot SA(PEUP.PA), sources said on Monday, Trend reports citing Reuters.
Peugeot’s board is also expected to meet on Tuesday afternoon, and is expected to consider a memorandum of understanding to formalize a proposed $50 billion combination of the two European automakers, sources have said.