Fiat Chrysler brushes off GM lawsuit, sees Peugeot deal by year end

Fiat Chrysler brushes off GM lawsuit, sees Peugeot deal by year end

Fiat Chrysler on Thursday brushed off a shock lawsuit from General Motors Co and said it was confident of reaching a binding merger deal with Peugeot owner PSA Group by the end of this year to create the world’s fourth-largest carmaker. GM filed the lawsuit in the US Wednesday, alleging FCA had bribed United Auto Workers (UAW) union officials over years to corrupt the bargaining process.

Tom A
Tom A
Top in Business
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