Fiat Chrysler, Peugeot shareholders vote on merger

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The Washington Post:

The marriage of carmakers PSA Peugeot and Fiat Chrysler Automobiles is built on the promise of cost-savings in the capital-hungry industry, but what remains to be seen is if it will be able to preserve jobs and heritage brands in a global market still suffering from the pandemic.

This is a stark contrast to the Chinese market where new car companies and brands keep popping up.

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