COLLEEN BARRY and ANGELA CHARLTON Associated Press MILAN (AP) — The boards of Fiat Chrysler Automobiles and PSA Peugeot on Wednesday signed a binding merger creating the world's fourth-largest automaker with the scale to confront the challenges of stricter emissions regulations and the transition to new driving technologies. The companies said in a joint statement the new group will be led by PSA's cost-cutting CEO Carlos Tavares, with Fiat Chrysler's chairman John Elkann as head of the board of the merged group. Fiat Chrysler CEO Mike Manley will stay on, though it was unclear in what capacity. No name for the new company has been decided, executives said, but both Tavares and Manley insisted it was not a "touchy subject." The merger is expected to yield 3.7 billion euros in savin
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