25/09/2020

Mechanic Escape

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FCA postpones shareholders’ meeting to late June

MILAN —  Fiat Chrysler Cars mentioned on Friday it resolved to postpone to late June its...

MILAN —  Fiat Chrysler Cars mentioned on Friday it resolved to postpone to late June its shareholders’ assembly scheduled for April sixteen, as a consequence of the continuing coronavirus unexpected emergency.

The automaker mentioned in a statement that the decision on its shareholders’ assembly would consequence in the postponement of a resolution on the automaker’s prepared one.one billion euro ($one.two billion) regular dividend on last year’s results.

“The new date for the AGM will be declared as quickly as practicable,” FCA mentioned.

On Thursday Peugeot operator PSA, which has signed a binding merger deal with FCA to produce the world’s fourth-biggest automaker, also mentioned it postponed its yearly shareholders’ assembly from May possibly fourteen to June twenty five.