PSA Peugeot

Shares in Stellantis, which will be headed by current PSA Chief Executive Carlos Tavares, will start trading in Milan and Paris on Monday, and in New York on Tuesday

The SoftBank-backed ride-hailing firm has roped in Julien Geffard to lead Europe operations for its electric business

The new company will be called Stellantis

Fiat Chrysler and PSA Peugeot on Wednesday confirmed progress toward their full merger to create the globe's fourth-largest carmaker, with completion expected by the end of March 2021

Peugeot maker PSA and Fiat Chrysler said they had restructured the terms of their planned merger to conserve cash, and also stepped up promised levels of cost cutting during the continuing pandemic

If approved by the lender, the request will be reviewed by Italy's export credit agency SACE

PSA declined to comment on the lawsuit and any potential impact on the merger talks.

Last month the two companies announced plans to join forces to create the world's fourth-largest automaker

The boards of PSA and Fiat Chrysler (FCA) backed the plan on Wednesday that would result in a company with combined sales of nearly 170 billion euros ($190 billion) per year

The move, it said, "reaffirms the commitment" of the group to future growth of the French company

Mahindra & Mahindra secures in-principle approval for Rs 4,000-crore project