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FILE PHOTO: The logos of car manufacturers Fiat and Peugeot are seen in front of dealerships of the companies in Saint-Nazaire, France, November 8, 2019. REUTERS/Stephane Mahe/File Photo
MILAN/PARIS (Reuters) – 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.
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.
Reporting By Gilles Guillaume and Giulio Piovaccari; Editing by Sandra Maler
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