PSA board signs off on Fiat Chrysler merger, source says

Filed under:Earnings/Financials,Chrysler,Fiat,PeugeotThe board of French carmaker PSA , the owner of Peugeot, approved a binding agreement for a $50 billion merger with rival Fiat Chrysler , a source close to the matter said on Tuesday.A separate Fiat Chrysler (FCA) board meeting was under way to discuss finalising the memorandum of understanding to create the world's No. 4 carmaker, the source added, in a deal that would reshape the global car industry.Another source close to FCA had said earli