Fiat Chrysler, PSA seal merger to become Stellantis

MILAN: Fiat Chrysler and PSA sealed their long-awaited merger on Saturday to create Stellantis, the world’s fourth-largest auto group with deep enough pockets to fund the shift to electric driving and take on bigger rivals Toyota and Volkswagen. It took over a year for the Italian-American and Fre­n­ch automakers to finalise the $52 billion deal, during which the global economy was upended by the Covid-19...