PSA says no plans for equity tie with Fiat

Newswire

PARIS, Nov 26 (Reuters) - French carmaker PSA Peugeot Citroen has no plans to form an equity alliance with Italian carmaker Fiat , a spokesman said on Friday. "There is no plan for an equity tie with Fiat," the spokesman said, adding that existing cooperation between the two firms would continue. "We have worked in cooperation with Fiat for a long time. The arrangement has worked extremely well and will continue," he said. Reports in Italian paper La Repubblica on Friday said Fiat was ...

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