PSA and FCA have each decided not to distribute an ordinary dividend in 2020 related to fiscal year 2019, in light of the impact from the current COVID-19 crisis.

"FCA and Groupe PSA confirm preparations for the 50/50 merger of their businesses announced in December, 2019 are advancing well, including with respect to antitrust and other regulatory filings," said a PSA statement.

"Completion of the proposed combination is expected on schedule, before end of Q1 2021, subject to customary closing conditions."