FCA, PSA revise merger terms due to COVID-19 - source

Carmakers PSA and Fiat Chrysler (FCA) have revised the terms of their planned merger, a source said on Monday, adding PSA would hold onto parts maker Faurecia and FCA would cut the cash portion of a 5.5 billion euro (5.08 billion pounds) special dividend."The aim of those changes is to reinforce the balance sheet structure of both companies after the COVID-19 crisis and ensure that the merger plan is concluded as soon as possible," the source said.FCAwill cut to 3 billion euros the cas