MILAN, Oct 30 (Reuters) - Fiat Chrysler and PSA could announce a tie-up agreement as soon as Thursday, a source close to the situation said on Wednesday.
The two car makers confirmed earlier on Wednesday that they were in talks over a potential merger that could create a $50 billion giant better placed to tackle a host of costly technological and regulatory challenges facing the global auto industry.
A spokesman for Fiat Chrysler, which is scheduled to present its third-quarter results on Thursday, declined to comment. A PSA spokeswoman also declined to comment.
Reporting by Gianluca Semeraro and Giulio Piovaccari, writing by Giulio Piovaccari, editing by Silvia Aloisi