Car makers to merge

Paris: Shareholders in both PSA — the French parent company of car makers Peugeot, Citroen and Opel — and their counterparts in the USItalian firm Fiat Chrysler Automobiles (FCA) have voted to approve a planned merger.

The shareholders approved the proposed merger with overwhelming majorities, the companies said in statements yesterday following two shareholders’ meetings.

‘‘We are ready for this merger,’’ PSA chief executive Carlos Tavares, who will also lead the new firm, said.

The resulting company, to be named Stellantis, is set to become the world’s fourthlargest car company.