Fiat Chrysler and Peugeot join forces to create world's No.4 carmaker

MILAN/PARIS (Reuters) - Fiat Chrysler and Peugeot's owner PSA said on Thursday they would join forces through a 50-50 share swap to create the world's fourth-largest automaker.The boards of the two groups have mandated their respective teams to finalise discussions and reach a binding memorandum of understanding in the coming weeks, the two automakers said in a joint statement. FCA's Chairman John Elkann will chair the combined group, while Peugeot's Chief Executive Carlos Tavares will be the..