Hit by coronavirus, Fiat Chrysler, Peugeot seek to boost cash before merger consummation
Share:
LONDON/MILAN/PARIS (Reuters) - With their sales hammered by the coronavirus outbreak, car makers Fiat Chrysler and Peugeot's owner PSA have postponed their shareholder meetings and are looking at ways to boost cash reserves ahead of their planned merger.The two car makers have turned to their banks to secure much needed cash, and Fiat Chrysler (FCA) is looking at debt guarantees that the Italian government approved on Monday to support local companies, a source with knowledge of the matter..