PSA CEO Carlos Tavares would lead the combined company as its CEO, while FCA Chairman John Elkann would assume the same role at the new company, The Wall Street Journal reported, citing people familiar with the matter. PSA’s board is holding an extraordinary meeting Wednesday afternoon French time, Bloomberg reported, citing two sources.
Fiat Chrysler U.S. sales chief Reid Bigland's lawsuit against the automaker will remain in Detroit after a judge denied a motion from FCA to move the case to Delaware. Bigland says he was a scapegoat for sales practices that led to the automaker paying $40 million.
Fiat Chrysler has shuffled its executives for North America at several key brands. Tim Kuniskis, who shepherded Dodge is again leading passenger car brands in North America for FCA U.S. Jim Morrison, who led the Ram brand in North America, moves over to head Jeep, where he will be responsible for sales, marketing and strategic operations.
Reid Bigland, head of U.S. sales for Fiat Chrysler and the Ram brand, claims the company has retaliated against him for cooperating with a federal investigation into the company's sales reporting practices, and slashed his pay by approximately 90 percent.