FCA-PSA deal terms 'set in stone' for 50-50 merger

MILAN (Reuters) - Terms of a planned merger between Fiat Chrysler and Peugeot-owner PSA are set in stone, FCA's chairman said on Wednesday, brushing off talk that some aspects of the deal might be re-negotiated because of the COVID-19 crisis.FCA and PSA have entered a binding agreement to create the world's fourth largest carmaker that FCA's chairman John Elkann confirmed was expected to close in the first quarter of next year.But FCA has come in for criticism in Italy over a 5.5 billion euro..