Peugeot-Fiat Chrysler Merger Faces Long Road to Completion

After finalizing merger terms to form the world’s third-largest auto maker, Fiat Chrysler Automobiles NV and Peugeot maker PSA Group face the challenges of securing government backing to complete their trans-Atlantic tie-up.

The two companies said Wednesday that they had signed a binding merger agreement fixing the financial terms of a deal first announced in October.

Attention now turns to efforts by the combined company—which will house the Jeep, Ram, Fiat and Peugeot brands—to win over regulators in the U. (The Wall Street Journal)