Automakers Fiat Chrysler and Peugeot annouce intention to merge

Peugeot (PSA) and Fiat Chrysler (FCA) confirmed their intention to merge on Thursday, in what would be a 50-50 share swap and create the world's fourth-largest carmaker. CNBC's "Squawk Box" crew reports.
01:31
Thu, Oct 31 20196:20 AM EST