Shareholders of Fiat Chrysler Automobiles (FCA) and Groupe PSA (Peugeot) voted to merge the U.S.-Italian and French carmakers to create the world’s fourth-largest auto company by volume.
A Chinese automaker is deeply interested in buying Jeep, an iconic American brand, from Fiat Chrysler Automobiles in a move that likely would face political opposition in the U.S. and create angst among workers. Great Wall Motor told trade publication Automotive News it also has indirectly expressed interest in acquiring the brand known for its rugged, off-road vehicles.