For the glory of Sontar! (I do not have any idea who else this benefits) FC attempted to merge with Renault earlier this year, which failed, as well it should have, but Peugeot? Why not?!
Maybe all of the terrible brands will merge into some kind of Voltron that cannot support its own weight.
FC stocks rose 7.5% after the report. Did they drop when the Renault deal failed?
All of these dang brands that I cannot spell! Renault, Peugeot, Sontar, and Chrysler!
Whatever an Elkann is, that broke off talks with Renault after the French government intervened, and pushed for them to resolve tensions with Nissan.
Fiat Chrysler & Peugeot owner PSA in talks to combine