According to Wall Street Journal the CEO of Peugeot, Carlos Tavares, would become the CEO of the new company, while John Elkann would take on the role of president. Fiat Chrysler and Group PSA are discussing a merger at par. According to sources quoted by the American newspaper, the talks would still be "fluid" and other options could be considered: "There are no guarantees that a final agreement will be reached".
The proposed merger between the two groups is being discussed months after talks for a possible merger between Fiat Chrysler and Renault, which had failed due to opposition from the French government, an important shareholder of the company, and Nissan Motor Co, partner of Renault. However, Fiat Chrysler had already explored a possible alliance with Peugeot in the past.