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Fiat Chrysler merger talks with PSA Group

Groupe PSA has confirmed it is in merger discussions with Fiat Chrysler Automobiles. Both the French and Italian-American autogiants have confirmed in matching statements that "there are ongoing discussions aimed at creating one of the world‘s leading mobility groups".

Jaguar Land Rover reports profit

Jaguar Land Rover Automotive increased revenue by eight percent year-on-year but down 0.7% on total retail sales, for the three-month period ending September 30, 2019.