Fiat, PSA Boards Sign Off on $49 Billion Merger Plan

The transcript discusses the rapid progress of talks between two parties aiming to form a combination. It highlights the emerging questions about the roles, particularly of Fiat's CEO Mike Manley, and the progress towards a Memorandum of Understanding. The details shared so far indicate a swift movement towards finalizing the deal, including the board's makeup and leadership roles.

How quickly are the two sides moving towards an agreement according to the text?

What challenges or questions are emerging from the ongoing discussions?