Fiat Chrysler, Peugeot deal good news but must not affect jobs in Italy – Italian minister

A planned merger between Italy’s Fiat Chrysler (FCA) and French Peugeot owner PSA is good news provided it does not affect jobs in Italy, the country’s industry minister said on Thursday. “We will ask FCA for continuity on its industrial plan and on investments and production in Italy”, Stefano Patuanelli said on state television. “The tie-up of two big groups like FCA and PSA can have scale economies on costs but the savings must not affect workers in the country”, he added. …read more

Source:: Yahoo Finance

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