Fiat Chrysler confirms talks with Vauxhall and Peugeot owner PSA Group

Italian-American firm Fiat Chrysler Automobiles has confirmed that it is in talks with the French owner of Vauxhall and Peugeot over a tie-up to create one of the world’s biggest car makers.

The discussions with PSA Group mark Fiat Chrysler’s second attempt this year to reshape the global car industry as it faces huge challenges with the transition to electric and autonomous vehicles.