Fiat Chrysler Automobiles and PSA Group Are Merging To Become World’s Fourth-Largest Automaker

williamyf writes: This puts Alfa Romeo, Citroen, Chrysler, Dodge, DS, Fiat, Jeep, Maserati, Opel, Peugeot, Ram, and Vauxhall under a single corporate parent and merges operations. PSA Group boss Carlos Tavares will be CEO of the 11-person board, with FCA’s John Elkann as chair. Fiat Chrysler and PSA said that the 50:50 merger should save more than $4 billion a year…