Fiat Chrysler, Peugeot to withhold 2019 dividend payout
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(Reuters) - Shares of Fiat Chrysler and Peugeot owner PSA were down on Thursday after the two carmakers said in a coordinated move that they would not pay their planned ordinary dividend on 2019 results.Fiat Chrysler (FCA) and PSA, which have entered into a binding merger agreement to create the world's fourth largest carmaker, said in a joint statement on Wednesday that the decision was due to the impact of the COVID-19 pandemic. By 0750 GMT FCA shares were down 1.3%, while PSA shares were..