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Shareholders approve Fiat Chrysler-PSA merger

A merger between Fiat Chrysler and France's PSA Group won approval from both sets of shareholders on Monday.
 
The deal will create the world's fourth biggest carmaker and comes two years after talks began.
 
The combined company will bring together well-known brands such as Peugeot, Citroen and Vauxhall from PSA with Fiat, Jeep and Chrysler.
 
The new company following the $52 billion deal will be called Stellantis.
 
Stellantis, which means to brighten with stars, will have 14 car brands under one roof including niche players Maserati and Alfa Romeo.
                        
            


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