Investors seem reluctant to pin much hope on the merger of Fiat Chrysler and its French peer PSA. Yet its potential—and financial terms favorable to the Italian-American company—will become harder to ignore as the deal approaches the finishing line. Few people doubt that the car industry needs mergers. That is particularly true in Europe, where the top three players had just 53% market share in the first half of the year and regulators are promoting low-margin electric vehicles. Even before the coronavirus struck, the industry...

Source: Wall Street Journal August 17, 2020 13:18 UTC