Equity research firm MainFirst has speculated how a potential merger between Fiat Chrysler Automobiles and PSA Peugeot Citroen could work out. The two companies could form a new automaker called Peugeot Chrysler Fiat Automobiles, with FCA's Sergio Marchionne as chairman and PSA boss Carlos Tavares as CEO, MainFirst said, according to a report in French newspaper Les Echos.
But PSA will be ready for a possible merger only after it has completed its recovery plan, CEO Carlos Tavares told an Italian newspaper.
"Sergio Marchionne is welcome every time he wants to speak to us but for us it's a little bit early now," Tavares said in an interview published by Corriere della Sera.
"We need to finish our cure and recover our good health."
Last month Marchionne said he was exploring various merger and acquisition options.