Rationale for FCA-PSA merger deal 'stronger than ever'- Elkann
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MILAN (Reuters) - The reasons for Fiat Chrysler and Peugeot-owner PSA's merger are "stronger than ever," the FCA chairman said on Wednesday, as the COVID-19 pandemic adds to the car industry's existing challenges. Addressing shareholders in Exor , the Agnelli family's holding company, John Elkann, who is also Exor chairman and CEO, said preparatory work for the 50-50 merger was proceeding "on time and as envisaged."FCA and PSA have agreed a tie-up to create the world's fourth largest carmaker..