Fiat Chrysler says Peugeot talks progressing despite GM lawsuit

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GM lawsuit won't torpedo Fiat Chrysler merger with Peugeot: source

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

General Motors filed the lawsuit in the United States, alleging FCA had bribed United Auto Workers union officials over many years to corrupt the bargaining process and gain advantages, costing GM billions of dollars. In a letter to employees, FCA Chief Executive Mike Manley said: “We are astonished by this filing, both its content and its timing. We can only assume it was intended to disrupt our proposed merger with PSA.”

 

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