Shareholders of Fiat Chrysler and PSA Peugeot vote for merger creating world’s 4th-largest car maker

MILAN (AP) — Shareholders of Fiat Chrysler and PSA Peugeot have voted to merge the U.S.-Italian and French carmakers to create world’s 4th-largest auto company. The merger is built on the promise of cost savings in the capital-hungry industry. But what remains to be seen is if the long-sought tie-up will be able to preserve jobs and heritage brands in a global market still suffering the shakeout from the pandemic.