Fiat Chrysler Automobiles and the PSA Group are reportedly in talks to merge. FCA has been trying to merge with another automaker for the better part of a decade. A narrative has developed that a merger would enable FCA and Peugeot to better compete on new technologies, such as electric vehicles and autonomous mobility, but that has little to do with why the automakers would combine. A merger would conclude a massive financial-engineering project undertaken by late FCA CEO Sergio Marchionne...

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