Fiat Chrysler and PSA have confirmed that they're in talks over a potential merger.
Should the talks go through, they'll end up creating one of the world’s leading auto makers.
Earlier this summer Fiat let go of a proposed merger with French rival Renault.
Board members at PSA, which owns Peugeot, will meet on Wednesday to discuss the potential deal.
IMF praises UAE economy's resilience, proactive readiness
An International Monetary Fund (IMF) team has concluded a ten-day visit to the UAE, holding talks with officials on the country's economic performance, financial outlook and policy priorities.
Apple unseats Nvidia to become world's most valuable company
Apple overtook Nvidia on Friday to become the world's most valuable company, reshuffling the top ranks of tech heavyweights as investors reassess the outlook for artificial intelligence.
Indian court orders Maruti to replace car in first E20 fuel damage ruling
In a ruling that could expose automakers to greater liability over India's ethanol-blended fuel policy, a consumer court has ordered Maruti Suzuki to provide a new car to a customer who alleged mandatory E20 fuel damaged his vehicle.
Irish airline Aer Lingus plans 500 job cuts as fuel prices soar
Irish airline Aer Lingus could cut up to 500 jobs as part of a reorganisation, it said, citing high costs and a challenging economic environment as the sector grapples with surging oil prices due mainly to the US-Iran war.
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