October 31, 2019 / 11:25 AM / 4 months ago

Conte says crucial to keep jobs, plants in Italy in FCA-PSA deal

ROME, Oct 31 (Reuters) - Italy’s Prime Minister Giuseppe Conte said that merger plan between Peugeot owner PSA and Fiat Chrysler Automobiles must keep jobs and factories in Italy, Italian media reported on Thursday.

Fiat Chrysler and PSA said on Thursday they planned to join forces through a 50-50 share swap to create the world’s fourth-largest automaker, triggering a new wave of consolidation in the car industry.

Conte said he would talk to Fiat Chairman John Elkann shortly to get details about the plan. (Reporting by Francesca Piscioneri, editing by Andrew Heavens )

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