Fiat Chrysler and Peugeot on course to create world's No.4 carmaker

MILAN/PARIS (Reuters) - Fiat Chrysler and Peugeot owner PSA plan to join forces in a 50-50 share merger to create the world's fourth-largest automaker, seeking scale to cope with costly new technologies and slowing global demand.Fiat Chrysler (FCA) and PSA said on Thursday they aimed to reach a binding deal to create a $50 billion group with listings in Paris, Milan and New York, and with PSA's Carlos Tavares as chief executive and FCA's John Elkann as chairman. It was less than five months..