Bank Of Baku

Fiat and Peugeot may merge

Fiat and Peugeot may merge
# 26 January 2009 09:26 (UTC +04:00)
Baku. Nijat Mustafayev – APA-Economics. French car manufacturer PSA Peugeot Citroen SA has been approached by Italy’s Fiat SpA about a possible tie-up but the discussions didn’t lead anywhere, a source familiar to the matter said Thursday.
"There have been talks over the topic a little while ago but it’s absolutely not an option for Peugeot," the source told Dow Jones Newswires. "Nothing serious" came out of these discussions, the source added.
Meanwhile, Italian carmaker denied the report that it is considering raising euro 2 billion ($2.58 billion) to fund a merger with France’s PSA Peugeot-Citroen.
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