Report: FCA, PSA May Collaborate on EV Platform

April 01, 2019 at 1:50 AM

Fiat Chrysler Automobiles NV and FCA Group may develop a shared chassis for electric cars and could announce formal talks in June, sources tell Bloomberg News.

The goal would be to slash development costs by pooling design and engineering resources.

PSA tells Bloomberg only that no “deep” negotiations are under way for such a partnership. The report comes a week after The Wall Street Journal reported that FCA rejected an overture from PSA early this year to merge the two companies.